Cliff Kirsch began his career at the U.S. Securities and Exchange Commission (SEC), became chief legal officer for one of the country’s largest dually- registered broker-dealer/advisers and then joined Sutherland in 2006. He relies on his regulatory and in- house background and an up-to-date knowledge of regulatory developments to provide practical and innovative counsel to broker-dealers and investment advisers in the areas of securities regulation and compliance.
With more than 25 years of experience, Cliff regularly counsels clients on the design and distribution of investment products including wrap-fee programs and other advisory products, mutual funds, bank collective investment funds and insurance products. He also focuses on issues related to the design and implementation of compliance programs at financial services firms.
While at the SEC, Cliff received the Manuel F. Cohen Award, which recognizes younger lawyers who have displayed outstanding legal ability, integrity and judgment and he served as assistant director of the SEC's Division of Investment Management.
Cliff is a frequent speaker at industry conferences, and is the author and editor of two of the leading treatises in the broker-dealer and adviser arena: Broker-Dealer Regulation and Investment Adviser Regulation (published by the Practising Law Institute).
Cliff is also co-founder of the Julia Anne Kirsch Foundation, which seeks to serve the needs of disabled individuals and their families.
Sutherland counsels a coalition of major life insurance companies on evolving state andfederal regulations and other legal developments.
Sutherland represents a coalition of major life insurance companies, which collectively account for more than 80% of the annuity business in the United States, in their efforts to affect the direction and details of various SEC, FINRA, CFTC, NAIC and state rule proposals and initiatives.
Sutherland serves as outside counsel on broker-dealer and adviser regulatory issues forone of the largest independent broker-dealer networks in the country.
Sutherland serves as regular primary outside counsel on broker-dealer and adviser regulatory issues for one of the largest independent broker-dealer networks in the country.
Sutherland represents coalition of collective trust fund sponsors, advisers and other serviceproviders.
Sutherland serves as counsel to the Coalition of Collective Trust Funds. Among other things, Sutherland monitors and reports on legal and regulatory matters affecting collective trust funds.
Member, New York City Bar Association
Faculty, FINRA Compliance Institute at The Wharton School of the University of Pennsylvania
Former Chair, FINRA Variable Products Committee
Former Board Member, National Society of Compliance Professionals
Capital Markets & Investments
Retirement Products & Services
District of Columbia
Investment Funds, Advisers and Derivatives
Securities & Derivatives Enforcement and Regulatory
AREAS OF FOCUS
Fund of Funds
Investment Advisers and Mutual Funds
Private Real Estate Funds
Financial Services Industry
Investment Funds Industry
ADMISSIONS & CERTIFICATIONS
New York, 1985
Vanderbilt University Law School (J.D., 1983, Editor, Vanderbilt Law Review)
Advice to both U.S. and non-U.S. managers to investment products of all types – including hedge funds, mutual funds, private equity funds, real estate funds, collateral managers and managed accounts – with respect to both U.S. federal and state investment manager registration, regulation and compliance.
Organization and registration of U.S. registered investment companies, including mutual funds, money market funds and closed-end funds.
Advice to financial institutions with respect to investment fund and manager compliance and governance issues and fund and manager mergers, acquisitions and reorganizations.
Assistance to investment managers in connection with SEC examinations.
Laurie has earned acknowledgment in Chambers USA and U.S. News & World Report. She is recognized in the area of Mutual Funds Law by The Best Lawyers in America, with sources telling the publication: “Ms. Kleiman has been extremely professional and knowledgeable in her service to our firm. We trust her advice explicitly,” and “[Laurie] is a true expert in her area, and remarkably commercial and practical.” Laurie has been included in mainstream publications as New York Magazine,CNN Money and Crain’s New York Business.