Richard D. Marshall has conducted compliance reviews of investment companies, investment advisers, and broker-dealers; represented individuals and regulated entities in investigations by the Securities and Exchange Commission and self-regulatory organizations; created hedge funds; and provided advice and sought no-action relief for investment companies, investment advisers, and broker-dealers. Before joining the firm, Mr. Marshall had been Senior Associate Regional Administrator in the New York office of the Securities and Exchange Commission. In that position, Mr. Marshall supervised a staff of seventy that conducted inspections of investment companies and advisers in the New York region and oversaw enforcement matters related to those entities. Mr. Marshall has also been a branch chief in the Division of Enforcement of the Securities and Exchange Commission in Washington, D.C. He speaks and writes regularly on topics related to the federal securities laws and is the editor of The Investment Lawyer, a legal publication devoted to issues related to money management.