Michael Mundt assists clients with complex legal issues under federal securities laws, with a particular focus on exchange-traded funds (ETFs). He has worked on a wide array of exemptive and interpretive issues under the Investment Company Act of 1940, including exemptive orders to permit the operations of index-based and actively managed ETFs. Mr. Mundt also has worked extensively on fund-of-funds issues and on relief for various types of affiliated transactions.
Prior to joining Stradley Ronon, Mr. Mundt served as assistant director in the Office of Investment Company Regulation of the Securities and Exchange Commission. While at the SEC, Mr. Mundt:
- supervised the review of more than 400 applications for orders relating to a wide variety of provisions under the 1940 Act
- reviewed all major ETF product innovations between 1999 and 2011
- drafted the SEC Concept Release on Actively Managed ETFs
- developed recommendations relating to novel exemptive applications, including the first multi-group fund-of-funds application
In recognition of his ETF work at the SEC, Mr. Mundt received the prestigious Paul R. Carey Award, which honors an SEC staff member who demonstrates exceptional personal commitment on a significant policy matter. He was also a member of the SEC team that received the 2010 Chairman’s Award for Excellence for analyzing and responding to the market events of May 6, 2010. In 2005, the SEC recognized Mr. Mundt with the Martha Platt Award, an annual award given to a staff member of the Division of Investment Management who displays outstanding dedication, enthusiasm and commitment to the mission of the SEC. Earlier in his SEC career, Mr. Mundt received the Capital Markets Award as part of the September 11, 2001 Recovery Team.
Before working at the SEC, Mr. Mundt served as assistant counsel at ICI Mutual Insurance Company, the captive insurance company for the mutual fund industry, where he worked on insurance and risk management issues for funds and their investment advisers. Mr. Mundt also holds a diploma in French studies from the University of Caen, France.