Rachael L. Schwartz

Rachael focuses her practice on the Investment Company Act of 1940 and related securities and corporate laws. She counsels all types of registered investment companies, including mutual funds, closed-end funds and exchange-traded funds. In addition to counseling registered investment companies, Rachael also serves as independent counsel to directors of mutual funds and variable insurance trusts.

Bar & Court Admissions

• New York

Education

• J.D., Washington University School of Law
• M.B.A., Duke University Fuqua School of Business
• B.A., cum laude, Wellesley College

Community Engagement

• American Bar Association
• New York City Bar Association, Investment Management Committee

Awards & Honors

• Chambers USA (2019)

• SEC Proposes Enhanced Disclosures by Investment Advisers and Investment Companies About ESG Investment Practices
  Client Alert
  June 6, 2022
• SEC Proposes Amendments to Rule 35d-1 Under the 1940 Act
  Client Alert
  May 26, 2022
• SEC Proposes New Cybersecurity Rule under the 1940 Act
  Client Alert
  February 10, 2022
• A Look at 2022: What Fund Boards Can Expect This Year
  Fund Board Views
  January 4, 2022
• SEC Adopts New Valuation Rule under the 1940 Act
  Client Alert
  December 14, 2020
• SEC Adopts New Rules on Investment Company Use of Derivatives
  Client Alert
  December 3, 2020
• SEC Proposes Modernized Shareholder Reports and Other Disclosures
  Client Alert
  August 21, 2020
• Long Breaks, Music, Prayers: How Shops Help Relieve 'Zoom Fatigue'
  Ignites, Quoted
  August 3, 2020
• SEC Proposes New Valuation Rule under the 1940 Act
  Client Alert
  April 27, 2020
• SEC Staff Issues Temporary No Action Letter Allowing Affiliated Purchases of Debt Securities Under Section 17(a) of the 1940 Act
  Client Alert
  March 30, 2020
• Additional SEC Exemptive Relief in Response to COVID-19
  Client Alert
  March 25, 2020
• Ramifications of the COVID-19 Outbreak on Open-End Investment Companies
  Client Alert
  March 16, 2020
• Top 4 Questions Fund Boards Should Ask in the Wake of the Coronavirus
  Client Alert
  March 13, 2020
• Revisiting what 'kept people up at night' in 2019 and what it means for the year ahead
  Fund Directions, Quoted
  January 9, 2020
• SEC Re-Proposes Investment Company Derivatives Rule under the Investment Company Act
  Client Alert
  December 6, 2019
• Sullivan Adds Pair of Investment Attorneys from Schiff Hardin
  Law360
  October 8, 2019
• Big Law Business: Laterals, Moves
  Bloomberg Law
  October 2, 2019
• Domenick Pugliese Joins As Partner, Rachael Schwartz as Counsel, To Sullivan’s Growing Investment Management Practice Sullivan & Worcester's New York Office Expands with Investment Management Duo
  Sullivan Press Release
  October 1, 2019
• Sullivan grows NY office with two '40 Act lawyers
  Fund Board Views
  October 1, 2019
• Fund Middle Office 2021: Year of Fair Valuation
  FinOps Report, Quoted