Eliza Sporn Fromberg advises investment management clients, including investment advisers, broker-dealers, boutique investment banks, family offices and hedge funds, on regulatory compliance, transactional and general corporate matters. Her clients are typically family-owned or closely-held businesses.
In addition to counseling clients on entity formation and corporate governance, regulatory filings, capital raising and day-to-day legal issues, she guides clients through mergers and acquisitions, restructurings, and regulatory examinations and inquiries.
Prior to joining Day Pitney, Eliza served as managing director and general counsel at a boutique investment bank that provided equity research, equity financing, M&A advisory, institutional sales and trading, and wealth and asset management services to institutional investors, corporate clients, venture capitalists, entrepreneurs and financial sponsors. When she first entered private practice, Eliza defended financial institutions, private funds and prominent individuals in regulatory enforcement matters and civil litigation.
Advised boutique investment bank on engagements for advisory and capital raising activities and development of online platform to facilitate private placements
Represented a private lending fund in connection with pre-formation strategy, organizational structure, governance documents and private placement memorandum
Represented a community bank in the sale of its broker-dealer and investment adviser subsidiary
Represented an investment adviser in connection with the formation and operation of limited partnerships for the purpose of investing in specific private placements
Represented a group of employees of a registered investment adviser in connection with those employees' purchase of the investment advisory business
Represented a boutique investment bank in FINRA investigation of independence of research department from firm's investment banking activities
Represented a private bank in Department of Justice and Federal Reserve investigations of violations of Bank Secrecy Act and anti-money laundering statutes
Represented a mutual fund complex in multi-agency federal and state investigations of market timing and late trading
Represented a private equity firm in Delaware Chancery litigation seeking redemption of investment in portfolio company