Eliza Fromberg's practice concentrates on advising broker-dealers, investment advisers, boutique investment banks and private funds on regulatory, compliance, and transactional matters.
Eliza provides advice to clients on formation issues, registration, day-to-day compliance matters, new legislative and regulatory developments and enhancing policies and procedures. She also advises broker-dealers and investment advisers on mergers and acquisitions, restructurings, and changes in ownership, operations and management. She counsels both issuers and intermediaries on capital raising regulations, including offering guidance on the emerging area of crowdfunding.
In addition, Eliza represents financial firms and their associated persons in responding to regulatory examinations and inquiries and represents clients in enforcement proceedings before the SEC, Department of Justice, FINRA, and state regulators.
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 was an associate at a major international law firm, where she specialized in complex commercial litigation, internal investigations and providing regulatory advice.
Advising boutique investment bank on engagements for advisory and capital raising activities and development of online platform to facilitate private placements
Representation of private lending fund in connection with pre-formation strategy, organizational structure, governance documents and private placement memorandum
Representation of community bank in the sale of its broker-dealer and investment adviser subsidiary
Representation of an investment adviser in connection with the formation and operation of limited partnerships for the purpose of investing in specific private placements
Representation of a group of employees of a registered investment adviser in connection with those employees' purchase of the investment advisory business
Representation of boutique investment bank in FINRA investigation of independence of research department from firm's investment banking activities
Representation of private bank in Department of Justice and Federal Reserve investigations of violations of Bank Secrecy Act and anti-money laundering statutes
Representation of mutual fund complex in multi-agency federal and state investigations of market timing and late trading
Representation of private equity firm in Delaware Chancery litigation seeking redemption of investment in portfolio company
cum laude2001Pomeroy Scholar; Florence Allen Scholar; articles editor, New York University Law Review
magna cum laude1995Phi Beta Kappa; managing editor, College Hill Independent