Robert Plaze is one of eight corporate partners and counsel with principal responsibility for our ongoing representation of over 850 mutual funds, closed-end funds, ETFs and business development companies (or their independent board members), as well as investment advisers and other industry service providers. Our clients represent over $1.2 trillion in assets under management (over 8.0% of U.S. investment company assets) that reside in approximately 25 different fund complexes, many of which are household names (e.g., AXA, Dreyfus, iShares, Lazard, Legg Mason) or managed by industry leaders within their asset classes or investment strategies (e.g., Apollo, BlackRock, Harding Loevner, Macquarie, Third Avenue, UBS A&Q).
Prior to joining Stroock, Mr. Plaze served as Deputy Director of the Division of Investment Management of the U.S. Securities and Exchange Commission. During his nearly 30 years of service with the Commission, Mr. Plaze was responsible for policy development and management of many of the key regulatory initiatives during that period affecting investment companies and investment advisers under the Investment Company Act of 1940 and the Investment Advisers Act of 1940, including rules governing fund and adviser compliance programs, fund corporate governance, personal trading, custody and brokerage practices, prohibitions on "pay to play" practices, and protection of investor privacy. Most recently, Mr. Plaze was responsible for rulemaking to implement provisions of the Dodd Frank Wall Street Reform and Consumer Protection Act affecting investment advisers, including rules requiring advisers to hedge funds and other private funds to register with the Commission, rules implementing new exemptions from registration and rules requiring reporting by certain exempt investment advisers.
Mr. Plaze is one of the nation's leading experts in the regulation of money market funds. While a Commission official, Mr. Plaze was responsible for the Commission's money market regulatory program, including amendments to rule 2a-7 adopted in 1991, 1996 and 2010. He represented the Commission on several interagency committees of the Financial Stability Oversight Board dealing with systemic risk issues and the regulation of money market funds.
Mr. Plaze joined the Commission in 1983 as an attorney in the Division of Investment Management. During his tenure with the Commission, he held several positions of responsibility in the Division, including Special Counsel, Assistant Director, Associate Director for Regulatory Policy and Deputy Director. In 2009 he was awarded the Distinguished Service Award, the Commission’s highest honorary award for a member of its staff.
Honors and Awards
- Recipient, the U.S. Securities and Exchange Commission's Distinguished Service Award 2009
- Nationally recommended by The Legal 500 United States for his work in the category of Investment Fund Formation and Management: Mutual/Registered Funds