Eric Purple

Practice Areas

Eric Purple provides counsel on all aspects of investment company and investment adviser regulation. He represents a broad range of exchange-traded funds, mutual funds, closed-end investment companies, and other pooled investment vehicles and their investment advisers on matters arising under the U.S. federal securities laws. He also serves as a trusted counselor to the independent directors or trustees of a number of investment companies and business development companies.

Prior to entering private practice, Eric served for eight years in the SEC’s Division of Investment Management. As senior counsel in the division's Office of Chief Counsel, he was involved in a wide range of investment company and investment adviser 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, and codes of ethics. He also had significant involvement in the staff's oversight of the regulation of business development companies.

Prior to working at the SEC, Eric was the Chief Compliance Officer of the Rydex Funds, and was the lead in-house counsel to an internet-based financial services start-up that was subsequently acquired by a predecessor company of TD Ameritrade.