1940 Act Attorney

About the role

The primary purpose of the 1940-act attorney role is to work effectively with internal stakeholders and clients to provide counsel and guidance on relevant legal matters as they relate to 1940-act regulated investment companies (primarily ETFs). Specifically, this role will focus on drafting, reviewing, and filing prospectuses for our ETF clients and managing their successful approval by both external trust counsel and the SEC. It will also have a substantial focus on drafting, reviewing, and negotiating complex contracts, including ISDAs, ACAs, licensing agreements, vendor contracts, and other critical documentation.

The Tidal Legal team provides high quality, value-added legal counsel, and experience fostering strong relationships with internal business teams, external clients, and third-party firms. This position collaborates closely with these stakeholders to establish an efficient process for launching and ensuring the continued operation of ETFs. 

What you'll do

· Provide legal counsel and guidance on all legal matters relevant to SEC-registered investment advisers, investment companies, and fund administration firms.

· Support Tidal clients by drafting registration statements, annual updates, and other required documentation.

· Review and negotiate contracts, including ISDAs, ACAs, vendor contracts, licensing agreements, and other relevant agreements.

· Prepare relevant filings and documents for new Tidal-provided services, such as the creation of new trusts, and drafting proxy and information statements (and related documentation).

· Perform miscellaneous job-related duties as assigned.

Qualifications

· Minimum four years’ experience as a 1940 Act attorney.

· A J.D. and membership (or anticipated membership) in the bar of at least one state are required.

· Experience at a major U.S. law firm or with an in-house legal department.

· Experience and knowledge of the Investment Company Act of 1940 and the Investment Advisers Act of 1940.

· Experience with ISDAs, ACAs, and 1933 Act Funds is a plus.

· Proficiency in written communication skills, including drafting documents using “plain English” principals.

· Proficiency in oral communication skills, whether the audience is comprised of clients or internal stakeholders.

· client service skills with an aptitude for understanding the clients’ basic legal needs and how they are related to the clients’ business needs.

· Ability to organize and prioritize work, assisting in the coordination of the work of other team members.

· Ability to multi-task while maintaining careful attention to detail.

· Ability to work with a sense of urgency to meet deadlines and address competing priorities.