RICHARD L. PEARSON is a Partner in the firm's Birmingham office and serves as Chair of the firm's Financial Industries Section. Mr. Pearson's practice focuses on assisting a wide range of companies within the financial services industry, including banks, investment advisers, broker-dealers, mutual funds and private investment funds.
Mr. Pearson counsels financial services clients on issues relating to product development, expansion of permissible activities, securities laws, regulatory compliance and risk management.
In recent years, Mr. Pearson has assisted clients in connection with the following:
-
Sale of bank's proprietary mutual fund family
-
Development of a wrap fee, separately managed account and multi-disciplinary account investment platforms
-
Formulation of strategies and systems to address the SEC's "push-out" rules
-
Broker-dealer and investment adviser regulatory and compliance issues
-
Implementation of investment sweep programs for trust, brokerage and treasury management customers
-
Collective investment fund, pooled income fund and private equity fund formation and governance
-
Development of policies and procedures to address trading, soft dollar, insider trading, personal securities trading, SEC and FINRA advertising rules
-
Analysis of fiduciary issues, including ERISA prohibited transaction issues, in connection with investment programs
-
MSRB rules and regulations, including municipal advisor and pay-to-play rules
PROFESSIONAL ACTIVITIES
-
National Association of Bond Lawyers, Lecturer, Tax Exempt Finance
-
American Bankers Association, Lecturer, Corporate Trust Administration
-
Alabama State Bar
-
American Bar Association, Member Banking Law Committee, Trust and Investment Services Subcommittee and Investment Companies and Investment Adviser Subcommittee
-
Birmingham Bar Association
-
Financial Markets Association, Legal and Legislature Issues Conference Program Planning Committee, 2001, 2008 & 2011, and Lecturer, Bank Securities Activities
-
Listed in The Best Lawyers in America, 2007-Present
