Sara P. Crovitz provides counsel on all aspects of investment company and investment adviser regulation.
Prior to joining Stradley Ronon, Sara was Deputy Chief Counsel and Associate Director at the U.S. Securities and Exchange Commission in Washington, DC. Sara worked at the SEC for 21 years, including 17 years in the Division of Investment Management focusing on issues under the Investment Company and Investment Advisers Acts of 1940. While in the Division, Sara supervised the provision of significant legal guidance to the investment management industry through no-action and interpretive letters, exemptive applications, IM guidance updates and other written and oral means.
Sara helped develop key positions on many areas of importance, including:
- Clean shares
- MiFID II
- Auditor independence
- Investment company and investment adviser custody
- Investment company and investment adviser status
- Fund governance
- Affiliated transactions
For many years, Sara also led the Division's international efforts, including numerous IOSCO and FSB work streams, along with more recent MiFID II guidance. She spoke on panels for the International Bar Association and the Investment Company Institute. Sara also worked extensively to provide investment management-related guidance to other SEC Divisions and Offices, including Enforcement, Trading and Markets, Corporation Finance, OCIE, General Counsel and International Affairs.