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- Compliance Counseling
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- District of Columbia
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- MBA – Columbia Business School (2012)
- JD with Highest Honors – Nova Southeastern University (1985)
- MA – Columbia University Graduate School of Arts & Sciences (1981)
- BA – Rutgers University (Douglass College) (1976)
- Finca International – Deputy General Counsel
- Calypso Venture Partners – President & General Counsel
- Calvert Investments – Associate General Counsel
- US Securities and Exchange Commission
Large Law Firm Experience:
- Katten Muchin Rosenman
Ms. Roth has extensive experience in securities and investment management law (1940 Acts), corporate governance and impact investing. She has represented clients before the SEC and state securities regulators, and has provided legal, operations and compliance guidance to funds, investment advisers, broker-dealers, transfer agents, economic development organizations and their service providers. She has assisted clients with a full range of services, including organization, fund formation, registrations, compliance program development and maintenance, SEC inspections, mergers and reorganizations, and is knowledgeable about disclosure relating to investments spanning a variety of asset-classes, including equity, fixed-income, and cryptocurrencies.
Prior to joining FisherBroyles, Ms. Roth served on the staff of the SEC, as Associate General Counsel of Calvert Investments, and as Deputy General Counsel of an international financial development organization. She was a member of the Investment Funds and Investment Companies practice group at Dechert, LLP, one of the world’s largest investment fund practices, and held positions at other AmLaw 100 and boutique law firms. Ms. Roth has also been an Associate Professor at George Washington University Law School, and a registered lobbyist on Capitol Hill.
Ms. Roth received her JD with highest honors from Nova Southeastern University, where she served as Executive Editor of the Nova Law Journal. She holds both an MA and an MBA from Columbia University, and completed post-graduate courses in international economic development, tax-exempt organizations and private fund law at Georgetown University. Her BA is from Douglass College of Rutgers University. Ms. Roth is admitted to practice before the Supreme Court of Florida, the District of Columbia, the United States Supreme Court, and five United States Courts of Appeals.
- Established and drafted regulatory disclosure documents for series funds with diverse investment objectives including international, fixed-income, socially-screened, high-impact investments, and growth employing sophisticated investment strategies. Managed mergers of fund portfolios and sponsor companies. Work with new asset class categories including cryptocurrency and blockchain investments by private fund managers.
- Negotiated key contracts and increased SEC and FINRA (NASD) regulatory compliance, working closely with Chief Compliance Officers to develop and manage internal controls and procedures. Oversaw broker-dealer sales desk and investment advisers, and held Series 7, 24 and 63 licenses.
- Successful track record managing regulatory inspections and settling potential violations by demonstrating the implementation of enhanced compliance mechanisms.
- Assembled a coalition of 27 mutual fund companies and investment advisory firms and led a successful challenge that caused the SEC to revise its position and resulted in material savings for the industry.
- Served as liaison to the governments of China and Russia on the U.S. regulatory environment for pooled investment vehicles (including the use of statutory trusts and application of marketing regulations).
- Drafted regulatory disclosure and managed compliance for mutual fund portfolios with ESG (“social, environmental and governance”) screens. Created amicus curiae program to participate in cases and petitions.
- Oversaw legal aspects of investing in domestic and international high impact investments, including those funding microfinance, community-development and entrepreneurship programs and organizations.
- Managed attorneys in 21 countries using high impact funds for business growth. Dealt with foreign exchange, contracting and other legal issues relating to high impact investments.
- Assembled a coalition of shareholder groups and led a successful Petition for Rule Change to the U.S. Securities and Exchange Commission, leading to a reversal of position.
- As a volunteer attorney, obtained a grant of asylum for an unaccompanied minor child from El Salvador. The young woman had entered the U.S. after gangs harmed her family and threatened her safety.
- George Washington University – National Law Center, Washington, DC (1989-92)
- Associate Professorial Lecturer in Law. Taught courses on concise legal writing and effective oral advocacy.
- Cryptocurrency Fund Workshop: Raising Capital, New York, NY, March 2018.
- Real Estate Fund Workshop: Raising Capital, Los Angeles, CA, March 2018.
- Cryptocurrency Fund Workshop: Getting Started, New York, NY, February 2018.
- Legal Issues, presented to delegation of French vintners, March 2010.
- Issues Relating to Importing and Distribution, Wine Entrepreneur Conference, January 2010.
- Approaching Wicked Problems from the Bottom Up, Silver Bay Leadership Forum, July 2005.
- Overview of Investment Management Law and Practice: Overseas Private Investment Corp., May 2002.
- Facilitator: Offshore Jurisdictions Update – Investment Company Institute / International Bar Association, Globalisation of Mutual Funds Conference, Southampton, Bermuda, May 2001.
- Panelist in symposium on corporate governance: Columbus School of Law, Catholic University, April 16, 1998.
- The Partnership Between Business and Government, presented to delegation of Chinese business representatives, hosted by the American Management Association, Washington, D.C., June 1997.
- The Internet Knows No Boundaries – So How Do You Avoid the Regulators’ Web? Tips for Funds in Cyberspace (co-author), part of course book distributed to participants of the Investment Company InstituteGlobalisation of Mutual Funds Conference, Bermuda, May 6-7, 1997.
- Supervision and Administration of Trust Businesses from the Perspective of Investment Funds, presented to the Chinese legislative committee for revision of the trust laws in connection with the International Forum on Trust Law of the People’s Republic of China, Beijing, December 1996.
- Managing an Effective Advertising Compliance Program for Russian Unit Investment Funds, published in English and Russian for distribution along with simultaneously-interpreted presentation at the Unit
- Investment Fund Marketing Conference in Moscow, Russia, July 25 and 26, 1996.
- Distributing Russian Unit Investment Funds: How Should They Be Priced? Examples and Considerations Based on Models Currently in Use in the U.S., published in English and Russian for distribution along with simultaneously-interpreted presentation at the Unit Investment Fund Marketing Conference in Moscow, Russia, July 25 and 26, 1996.
- The Regulatory Status of Ratings on Mutual Funds: The SEC’s Proposal and Concept Release on Disclosure of Security and Mutual Fund Ratings, presented at the Institute for International Research Mutual Fund Sales, Marketing and Advertising Compliance Conference, New York, December 1995.
- Managing an Effective Advertising Compliance Program, presented at the Institute for International Research Mutual Fund Sales, Marketing and Advertising Compliance Conference, New York, December 1995 and February 1995.
- Preparing for the Mutual Fund Merger, presented at the Institute for International Research Conference on Mutual Fund Strategic Partnerships, New York, January 1995.
- The New Shareholder Communications Rules: New Rights, New Obligations, presented at the Investment Company Institute Investment Advisers Conference, Washington, D.C., 1992.
- New York City Employees Retirement System v. U.S. Securities and Exchange Commission, 45 F.3d 7 (2d Cir. 1995). Represented Calvert Group as amicus curiae in support of the New York City Employees’ Retirement System, United States Trust Company, and Women’s Division of the Board of Global Ministries of the United Methodist Church.
- New York City Employees Retirement System v. Dole, 969 F.2d 1430 (2d Cir. 1992). Represented Calvert Group, Ltd., Calvert Social Investment Fund, and United Brotherhood of Carpenters.
- Roosevelt v. Du Pont, 958 F.2d 416 (D.C. Cir. 1992). Represented Calvert Social Investment Fund, Comptroller of the City of New York, and New York City Pension Funds.
- Seeing Past the ICO Sparkles: A Due Diligence Cautionary Tale, Securities Regulation & Law Report, 50 Securities Regulation Law Report 721, 05/14/2018.
- Proactive Corporate-Shareholder Relations: Filling the Communications Void, 48 CATH. U. L. REV. 101 (1998).
- Marketing Funds on the Internet: The View from the U.S. (co-author), INT’L BUS. LAW. 184 (April 1998).
- Presentation of Adviser Performance in Sales Materials and Advertising: Recent Update (co-author), CURRENTS (March/April 1998).
- SEC Proposes Amendments to Rules on Shareholder Proposals, FIN. REG. REP. (London: February 1998).
Presentation of Adviser Performance in Sales Materials and Advertising: Drafting Tips (co-author), CURRENTS (January/February 1998).
- Staying Out of the Regulators’ Web: Tips for Mutual Funds in Cyberspace (co-author), MONEY MANAGER’S COMPLIANCE GUIDE (October 1997).
- The Current State of Computer Software Protection: A Survey and Bibliography of Copyright, Trade Secret and Patent Alternatives,” 8 NOVA L. REV. 107 (1984).