Sara P. Crovitz

Sara Crovitz

Overview

Sara Crovitz provides counsel on all aspects of investment company and investment adviser regulation. Sara is also part of a team serving as counsel to independent trustees of a number of business development companies and closed-end funds.

Prior to joining Stradley Ronon, Sara was Deputy Chief Counsel and Associate Director at the U.S. Securities and Exchange Commission in Washington, DC. She 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, she 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.


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Credentials

Bar Admissions
  • District of Columbia
Education
  • J.D., University of Chicago Law School
  • B.A., University of Chicago

Publications

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News

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Speaking Engagements

  • Panelist, “Social Governance and Green Investing,” New Jersey State Bar Association’s Environmental Law Forum
  • Panelist, “What You Need To Know About ESG Investing,” Women in ETFs Philadelphia
  • Panelist, “New SEC Marketing Rule: What You Should Know,” Foreside Compliance Connections Webinar
  • Panelist, “So Many Rules, So Little Time,” Investment Company Institute’s Mutual Fund and Investment Management Conference
  • Moderator, “Ethics for Advisers,” Investment Adviser Association Investment Adviser Compliance Conference
  • Panelist, “US Regulatory Update for Asia Fund Managers,” Morgan Stanley Webcast
  • Panelist, “ESG, Proxy Voting and Engagement – Where DOL and SEC Regulation has Been and Where it May be Going,” Mutual Fund Directors Forum
  • Panelist, “Learn About Legal and Compliance Career Opportunities in the Asset Management Industry,” Investment Company Institute
  • Speaker, “Beyond the Boardroom,” The Activist Insight Podcast
  • Panelist, “New SEC Marketing Rule: What You Should Know,” Foreside Compliance Connections Webinar
  • Panelist, “Compliance’s Role in ESG Investing and Corporate Engagement,” National Society of Compliance Professional’s National Conference
  • Panelist, “For or Against? Assessing the SEC’s Recent Proxy-Related Policies,” Investment Company Institute’s Virtual Securities Law Developments Conference
  • Panelist, “Offshore Regulatory Update,” Practising Law Institute Global Asset Management
  • Panelist, “Private Funds; Multinational Advisers,” Practising Law Institute Fundamentals of Investment Adviser Regulation
  • Panelist, “Sorting Out the SEC’s New Proxy Voting Guidance,” Investment Adviser Association Webinar
  • Panelist, “ESG: All Aboard,” Stradley Ronon Webinar
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Recognition

  • Chair’s International Award, which honors dedication, professional competence and ingenuity in work to facilitate convergence of international regulatory standards
  • Chair’s Excellence in Leadership Award, which recognizes supervisors who achieve high leadership goals
  • Martha Platt Award, the Division’s highest honor in recognition of exceptional dedication, professional excellence and personal integrity
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