Eric Purple

Drawing on more than two decades in private practice and time with the U.S. Securities and Exchange Commission (SEC)’s Division of Investment Management, Eric Purple assists registered investment companies, investment advisers and independent trustees in distilling complex issues into creative solutions to reach their business goals. Eric is a member of Stradley Ronon’s board of directors.

Amid the ever-evolving securities regulatory landscape, Eric is quick to interpret the impact that new and updated state and federal laws might have on clients. His work includes a broad range of registered investment companies and other pooled investment vehicles such as business development companies (BDCs), and investment advisers. Eric also serves as a trusted counselor to the independent directors or trustees of a number of investment companies and is known for his calm, thoughtful presence in the boardroom. He is fund counsel, adviser counsel or independent director counsel to some of the world’s largest fund and board complexes by assets under management, as well as to smaller fund groups.

Eric spent eight years in the SEC’s Division of Investment Management. As a senior counsel in the division's Office of Chief Counsel, he was involved in resolving a wide range of investment company and investment adviser regulatory issues and was the principal author of 19 no-action letters that dealt with a variety of complex topics under the federal securities laws, including issues related to multi-tier investment company structures, advisory fee arrangements, foreign custody and codes of ethics. He also had significant involvement in the staff's oversight of the regulation of BDCs.

Eric was also the former chief compliance officer of a $10 billion fund complex that was the originator of leveraged and inverse mutual funds and was the lead in-house counsel to a financial services startup that was subsequently acquired by a large online broker.