Laura E. Burg

Laura has more than 20 years of experience working in compliance and related positions in the financial services industry. At Calfee, she applies her significant knowledge and experience to support the management of the client compliance program, the application of compliance policies and procedures, and to support the firm’s governance and risk management practices.

Most recently, Laura served as Compliance Officer – Investments & Risk for a Fortune 500 company’s investment management organization with more than $60 billion in assets under management serving a broad spectrum of clients: institutional investors and their consultants, private equity investors, individuals and their families. Laura was responsible for regulatory compliance, trading and operational risk, and the evaluation and implementation of compliance-related applications.

In previous roles, Laura was responsible for the development of operational risk rules in the trading platform, administration of investment compliance programs, and the administration of the organization’s code of ethics.

Education

Certification: Passed Level II of the CFA Program in 2016

B.S., San Jose State University, 1997

B.S., Business Administration, Oklahoma State University, 1986

Laura Burg is not licensed to practice law.

Experience

• Calfee provides broad support and counsel to our multinational professional services firm client with $100+ billion in AUM in relationship to the firm’s global investment advisory services. As a new matter, Calfee was retained to support the client's ongoing marketing and advertising efforts in relationship to the new SEC Marketing Rule finalized in November 2022. The client engaged Calfee to further support its private fund complex, including a new private credit fund. As part of its services, Calfee works with the lead portfolio managers to identify and review potential fund investments, assist with due diligence, and review the terms of potential investment in the funds.
• Calfee was selected to provide legal counsel on securities regulations affecting an SEC-registered investment adviser with $3+ billion in AUM providing advisory services to both private funds and high-net-worth individuals and to serve as the firm’s Chief Compliance Officer (CCO).
• Calfee provides legal counsel on securities regulations affecting an SEC-registered investment adviser with $2+ billion in AUM providing asset management as a 3(21) and 3(38) investment fiduciary for 401k and corporate pension plans subject to ERISA and wealth management services for high-net-worth individuals. Calfee provides back-office support and expert counsel for the CCO and assists him in directing and implementing the firm’s compliance program for all supervised persons of the adviser, ensuring effective compliance with Rule 206(4)-7 of the Investment Advisers Act of 1940 (the “Compliance Rule”).
• Calfee provides legal counsel on securities regulations affecting the client, an SEC-registered investment advisor and a related family office with a combined total of $1+ billion in AUM and to serve as the firms’ Chief Compliance Officer (CCO). The CCO is responsible for directing and implementing the firm’s compliance program for all supervised persons of the adviser, ensuring effective compliance with Rule 206(4)-7 of the Investment Advisers Act of 1940 (the “Compliance Rule”). Calfee manages the following legal/compliance tasks for the client: Internal audits and compliance testing; annual review/risk assessment; third-party due diligence; SEC examinations and communications with regulators; compliance certifications; Code of Ethics issues; directing/executing the firm’s compliance manual; all marketing/advertising review; employee training/education; firm contracts/client agreements review; completing/submitting all regulatory filings, including SEC, FINRA, CFTC, etc. In addition, Calfee was engaged by the client to assist in a total corporate governance restructuring of both advisors and the investment advisory services each firm provides.
• Calfee was selected to provide legal counsel on securities regulations affecting an SEC-registered investment adviser with $675+ in AUM providing advisory services to high-net-worth individuals and small institutions, and to serve as the firm’s Chief Compliance Officer (CCO). The CCO is responsible for directing and implementing the firm’s compliance program for all supervised persons of the adviser, ensuring effective compliance with Rule 206(4)-7 of the Investment Advisers Act of 1940 (the “Compliance Rule”).
• Calfee provides legal counsel on securities regulations affecting an SEC-registered investment adviser with $575+ million in AUM focused on managing private funds, and to serve as the firm’s Chief Compliance Officer (CCO). The CCO is responsible for directing and implementing the firm’s compliance program for all supervised persons of the adviser and ensuring effective compliance with Rule 206(4)-7 of the Investment Advisers Act of 1940 (the “Compliance Rule”).