Warner Norcross + Judd LLP represented a religious denominational organization in expanding an existing offering of unregistered investment funds within a Section 403(b)(9) church retirement plan to be made available for investment by churches and other charitable organizations. This work involved addressing federal and state registration and exemption requirements for securities, investment companies, investment advisers, broker-dealers, agents and issuers. It also involved analyzing and considering the advantages and disadvantages of the federal exemptions and the state preemption provisions applicable exclusively to charitable organizations under the Philanthropy Protection Act of 1995 and the National Securities Markets Improvements Act of 1996.
Experience
