Paul J. Delligatti

Mr. Delligatti works with clients on a wide range of securities, regulatory, corporate, disclosure and transactional matters, including:

• Counseling investment companies and independent directors on various aspects of the Investment Company Act of 1940, the Securities Act of 1933 and other federal securities laws during all stages of investment company operation, including fund formation matters and ongoing SEC regulatory, compliance and registration requirements.
• Forming and advising on complex investment companies including interval and tender offer funds. 
• Representing funds and investment advisers in obtaining exemptive relief and no-action letters from the SEC or its staff.
• Representing funds, investment advisers and independent directors in connection with investment adviser acquisitions and other transactions, as well as fund mergers, reorganizations, redomicilings and liquidations.
• Counseling investment advisers on various aspects of the Investment Advisers Act of 1940 in connection with a broad range of regulatory, distribution and transactional matters, as well as the application FINRA rules.
• Developing and refining compliance manuals for investment companies and investment advisers, and advising on the implementation of effective compliance programs.
• Advising on matters relating to money market funds operating in accordance with Rule 2a-7 under the Investment Company Act of 1940.
• Advising on matters unique to exchange-listed closed-end funds, including matters associated with activist investors. 

Mr. Delligatti is a member of the District of Columbia and New York Bar Associations and is an active member of the Cornell and Chaminade Baltimore/Washington Alumni Chapters.

Prior to joining Goodwin, Mr. Delligatti was an attorney in the Washington D.C. office of Morrison & Foerster LLP. While attending law school, he participated in the U.S. Securities and Exchange Commission's Law Student Observer Program as an intern for the Division of Enforcement's Trial Unit.

Mr. Delligatti regularly prepares thought leadership pieces relating to the investment management industry, including externally published articles, Goodwin client alerts and legal updates for the firm’s weekly Financial Services Weekly RoundUp. He also presents at industry events hosted by the Investment Company Institute, the Independent Directors Council and the Mutual Fund Directors Forum. While attending law school, Mr. Delligatti served as a research assistant to the Columbus School of Law's Securities Law Chairperson, Professor David Lipton, and is acknowledged in Professor Lipton's West publication, Broker Dealer Regulation.

His other recent publications include:

• Co-Author, "SEC Cybersecurity Rules Target Investment Advisers and Investment Companies," February 10, 2022
• Co-Author, "SEC Adopts Final Rules Addressing Proxy Advisory Firms," July 21, 2020