- New York US-NY
- [email protected]
Margarette Shim has helped to resolve Investment Company Act, Investment Advisers Act and business issues for an SEC-registered investment adviser of General Electric Company, managing over $180 billion in retail, institutional, separate accounts, pension, 401k, and insurance assets. She helped analyze SEC regulatory developments, implemented changes across fund platforms (market timing policy, redemption fees, manager of managers rule, government securities, 12b-1 fees, sales charges, information security, valuation issues, names rule, and industry concentration). Margarette Shim assisted in implementing the regulatory framework for investment advisory business (requirements under Investment Company Act and Investment Advisers Act, maintenance of books and records, proxy voting records, Sarbanes-Oxley certifications, US Patriot Act Anti-Money Laundering Policies, Reg S-P Privacy issues, investor suitability, Code of Ethics, securities lending policies, soft dollar policies, trade allocation policies, valuation procedures, insider and personal trading policies, best execution analysis of broker-dealers, hot issues eligibility, NASD marketing and advertising requirements, advisory fee issues, custody rule, electronic records monitoring). Margarette Shim assisted in SEC sweep examinations of the investment advisory business. She has worked closely with compliance and risk-management teams. Margarette Shim has resolved legal issues regarding disclosure and business implementation of regulatory changes. She has drafted, reviewed, and revised registered fund disclosure documents, SEC filings (registration statements, exemptive applications, Form ADV), and shareholder communications. Margarette Shim has resolved issues relating to: portfolio compositions, sales loads, fund terminations, fund operations, and marketing of new products. She was the firm’s Reg S-P Privacy leader, where she drafted and amended mutual fund, broker-dealer, and other financial products’ privacy policies and resolved shareholder privacy issues. Margarette Shim advised the sub-advisory business’ legal and compliance issues, including litigation matters. She supported client management, trade operations, portfolio management, and compliance groups. Margarette Shim drafted Board memos regarding fund regulatory changes and all legal issues for Board approval. She drafted, negotiated, reviewed all fund-related agreements (advisory, sub-advisory, transfer agency, affiliated services, third-party service arrangements, 12b-1 plans and agreements, and confidentiality) and term sheets. Margarette Shim led cross-business teams to add new vendor relationships, terminate retail funds, and develop client services and client development initiatives, and she performed all related legal and business analyses. She advised on the transfer agency conversion process, performed due diligence on vendors, and generally supported business restructurings, and marketing and distribution initiatives. Margarette Shim supported portfolio management, fund operations, and trade operations teams regarding investments in new financial products. Margarette Shim is Six Sigma Certified, having passed the Green Belt Examination for Quality.