Washington, DC:
1625 Eye Street, NW
Washington, DC 20006
Phone+1-202-383-5232
Fax+1-202-383-5414

 

Heather L. Traeger

Partner


Heather Traeger is a partner in O’Melveny’s Washington, DC office and a member of the Financial Services Practice. Heather advises financial institutions on their regulatory and compliance obligations under the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, the Investment Company Act of 1940, and other federal and state laws and regulations affecting investment companies, advisers, and broker-dealers.

Prior to joining O’Melveny, Heather was Associate Counsel at the Investment Company Institute (ICI), where her work focused on regulation and legislation, including Dodd-Frank and other initiatives, that are transforming the oversight and operation of investment companies, advisers, and broker-dealers. She also coordinated ICI’s activity on “pay-to-play” regulatory initiatives concerning management of public plan assets. Previously, during nearly a decade at the Securities and Exchange Commission, Heather served in several positions, including Senior Counsel to Commissioner Roel Campos, Counsel to Commissioner Isaac Hunt, and Senior Counsel in the Division of Market Regulation (now Trading and Markets).

Professional Activities

Law Clerk, Honorable Margaret Garner Mirabal, Court of Appeals for the First District of Texas
Author,Compliance Issues for Establishing New Client Relationships,” (April 2013, Investment Lawyer) (with Kris Easter and Matthew Cohen); “Democratizing Entrepreneurship: An Overview Of the Past, Present, and Future of Crowdfunding,” (February 2013, Securities Law Daily) (with Theodore W. Kassinger, and Zachary D. Kaufman); “Understanding and Complying with New SEC Rules and Regimes” (2013 Edition, SEC Compliance Best Practices, Aspatore Book); The ‘End User’ Exception to the Mandatory Clearing of Swaps (October 2012, Westlaw Journal Derivatives); “Trading and Brokerage for Asset Managers” (August 2012, Course Manual for Regulatory Compliance Association); Fixed Income Markets in 2012 (June 2012, The Review of Securities & Commodities); Assessing the Future of the Dodd-Frank Act (February 2012, Law.com)
Faculty, CCO University, Regulatory Compliance Association
Member, Board of Editors, Investment Lawyer


University of Houston, J.D., 1997

Williams College, B.A., 1993


District of Columbia; Texas

SEC and CFTC Adopt Identity Theft Rules That Affect Advisers (Financial Services) 

SEC Staff Raises Broker-Dealer Registration Issues for Private Fund Advisers (Financial Services)

SEC Brings Enforcement Actions Against Private Fund Advisers (Financial Services)

Private Fund Advisers Should Evaluate Compliance With Custody Rule (Financial Services)

Advisers Should Evaluate Compliance with Custody Rule Following SEC Risk Alert and Investor Bulletin (Financial Services)

SEC Staff Publishes FAQs Regarding the Exemption from Broker-Dealer Registration in Title II of the JOBS Act (Financial Services)

Private Fund Managers Must Renew CPO and CTA Exemptions by March 1 (Financial Services)

Deadlines Approach for Certain SEC and CFTC-Regulated Entities that Manage Private Funds or Commodity Pools (Financial Services)

Reporting Deadline Approaches for Certain Private Fund Advisers (Financial Services)

The SEC Discusses Hedge Fund Enforcement Priorities (Financial Services)

Fund of Funds Receive Temporary Relief from CPO Registration (Financial Services)

SEC’s 2013 Examination Priorities for Investment Advisers (Financial Services)

The SEC Proceeds With Strategy For Examining Newly Registered Private Fund Advisers (Financial Services)

The End-User Exception to the Mandatory Clearing of Swaps (Financial Services)

Implications of the SEC’s Proposed Revisions to Regulation D for Fund Advisers (Financial Services)

NFA to Amend Eligibility and Proficiency Requirements for Swaps (Financial Services)

CFTC Issues FAQs Regarding Registration for CPOs and CTAs (Financial Services)

Swap Product Definitions Finalized: Compliance Dates Set (Financial Services)

SEC Staff Updates Guidance Regarding Form PF (July 2012)(Financial Services)

SEC Staff Guidance Regarding Form PF (Financial Services)

SEC Extends Compliance Date for Third-Party Solicitor Provisions of “Pay-to-Play” Rule (Financial Services)

JOBS Act Removes Restrictions on Public Offerings of Hedge and Private Equity Funds (Investment Funds and Securitization)

SEC Issues FAQs for Exempt Reporting Advisers Regarding Form ADV Disclosures for General Partners or Similar Special Purpose Entities (Financial Services)

SEC Staff Reminds Broker-Dealers and Investment Advisers to Maintain Policies and Procedures That Detect and Discourage Unauthorized Trading (Financial Services)

The Commodity Futures Trading Commission Adopts Final Rule Significantly Limiting Registration Exemptions for Private Funds and Registered Investment Companies Operating Commodity Pools (Financial Services)

SEC Revises Thresholds Allowing Investment Advisers to Charge Performance Fees but Grandfathers Existing Relationships (Financial Services)

SEC Staff Issues No-Action Letter Setting Forth Conditions Related to Registration of Special Purpose Vehicles and Related Investment Advisers (Financial Services)

SEC Office of Compliance Inspections and Examinations Issues Risk Alert on Investment Adviser Use of Social Media (Financial Services)

SEC Adopts Revised “Accredited Investor” Standard (Corporate Finance/ Capital Markets)

The Commodity Futures Trading Commission Adopts Final Rule Regarding Position Limits (Financial Services)

SEC and CFTC Vote to Adopt Reporting Requirement for Private Funds (Financial Services)