Corporate Defense and Disputes

Important developments in U.S. securities law, white collar criminal defense, regulatory enforcement and other emerging issues impacting financial services institutions, publicly traded companies and private investment funds

Anthony Drenzek

Anthony Drenzek

Special Regulatory Counsel

Anthony Drenzek is a special regulatory counsel in the Corporate Department and a member of the Private Investment Funds Group. His background includes more than a decade of comprehensive agency experience in the registration and regulation of securities market participants in coordination with state, federal and self-regulatory organizations nationwide.

Prior to joining Proskauer, Anthony was associate director of the Massachusetts Securities Division, with supervisory responsibility for the Division’s Registration, Inspections, Compliance and Examinations Section, which managed the regulation of broker-dealers, investment advisers and exempt reporting advisers, and which annually audited in excess of $3.2 billion in managed assets. He personally conducted or supervised more than 500 regulatory examinations of registered investment advisers and broker-dealers for compliance with state, federal and self-regulatory organization regulations.  He also authored and amended regulations and policy statements on behalf of the agency in the areas of custody of assets, discretionary authority and disclosure requirements, as well as comment letters to the staff of the U.S. Securities and Exchange Commission in connection with proposed federal rulemaking.

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SEC Staff Announces 2017 OCIE Examination Priorities

On January 12, 2017, the staff of the Office of Compliance Inspections and Examinations (OCIE) of the Securities and Exchange Commission (SEC) released its annual announcement on examination priorities in the coming calendar year. The 2017 examination priorities are organized around three thematic areas: (i) examining matters of importance to retail investors; (ii) focusing on … Continue Reading

SEC Announces Settlement with Adviser Found to Have Acted as an Unregistered Broker and Engaged in Conflicted Transactions

On June 1, 2016, the U.S. Securities and Exchange Commission announced a $3.12M settlement with Maryland-based registered investment adviser, Blackstreet Capital Management, LLC, and its managing  member and principal owner, Murry N. Gunty. The SEC’s finding that Blackstreet acted as an unregistered broker-dealer in portfolio company transactions highlights the regulatory focus on broker registration for … Continue Reading

SEC Increases Focus on Private Equity Enforcement

Yesterday, SEC Director of Enforcement Andrew Ceresney gave a keynote address on Private Equity Enforcement.  In his remarks, Ceresney reiterated the SEC’s view that private equity is and will be a key enforcement area, and detailed recent actions showing the Commission’s particular focus on undisclosed fees and expenses and on increasing transparency in the industry.  … Continue Reading

SEC Charges Private Equity Firm and Four Executives with Failing to Disclose Conflicts of Interest

On November 3, 2015, the Securities and Exchange Commission (SEC) announced that it had reached a settlement with Fenway Partners, LLC, a New York-based private equity firm, and several of the firm’s executives (the Respondents) in connection with a failure to disclose conflicts of interests to investors with respect to payments made by portfolio companies of … Continue Reading
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