Douglas Scheidt served as an Associate Director and Chief Counsel in the Division of Investment Management of the U.S. Securities and Exchange Commission from 1997 to 2019, providing legal and policy guidance under the Investment Company Act of 1940 and the Investment Advisers Act of 1940 for the $80+ trillion asset management industry. He also directed the Division’s enforcement liaison program, providing analytical guidance and assistance to the SEC’s Division of Enforcement on investigations and enforcement actions involving funds and investment advisers.
Mr. Scheidt currently serves as an Adjunct Professor at Howard University School of Law and at the Raymond A. Mason School of Business at William & Mary teaching courses on Investment Management Regulation. He has published several articles including: Whither Valuation Guidance? Fund Board Views, December 2019; An Analysis of Fair Valuation in the Context of the SEC’s Enforcement Action Against the Morgan Keegan Fund Directors, The Investment Lawyer, Vol. 25, No. 6, June 2018; and Pay to Play and Operational Integration under the Advisers Act, The Investment Lawyer, Vol. 22, No. 10, October 2015.
Mr. Scheidt previously served as Vice President and Associate General Counsel at The Boston Company Advisors, Inc., and as an attorney in private practice. He also served as an attorney and Special Counsel in the SEC’s Office of the General Counsel. Mr. Scheidt began his legal career as a law clerk to the Honorable Martin D. Van Oosterhout of the U.S. Court of Appeals for the Eighth Circuit. He earned his bachelor’s degree from Northwestern University (cum laude) and his J.D. from Drake University Law School (Order of the Coif).