Margaret A. Bancroft Esq.

Dechert LLP
Bancroft, Margaret A.

Margaret A. Bancroft, Of Counsel at Dechert LLP, joined the firm as Partner in 1988. Ms. Bancroft has extensive experience in a broad range of corporate and securities law areas, including investment company and investment adviser matters. She is an adjunct professor of law at New York University, where she teaches a core course in securities law.

Ms. Bancroft is an active participant in the American Bar Association and New York State Committees on Securities Regulation. She was a founding member of the Committee on Investment Management Regulation of the Association of the Bar of the City of New York and was recently named to the City Bar’s Securities Regulation Committee.

She is the author of two no action letters obtained from the Securities and Exchange Commission that are frequently relied on by fund managers and funds.

Ms. Bancroft is a member of the American Law Institute. She is also a Trustee of the Securities and Exchange Commission Historical Society and has been a Visiting Professor of Law in Hungary, Estonia, the Czech Republic, and Kaliningrad, Russia, teaching a short course in principles of American corporate law.

She earned her B.A., magna cum laude, from Radcliffe College, Harvard University and her J.D., cum laude, from the New York University School of Law.

Ms. Bancroft is the author of the Bloomberg BNA Corporate Practice Portfolio Series No. 65-2nd, Avoiding Classification as an Investment Company: Exemptions and Exclusions for Business Corporations.  This portfolio volume examines the Investment Company Act of 1940, which is intended to regulate entities that pool money contributed by the public for the purpose of investing in securities, with a view to avoiding regulation of business corporations by the Act. Emphasis is placed on avoiding classification as an investment company and includes discussions of balance sheet analysis, statutory exclusions, regulatory exemptions, and legal opinions as to the status of business corporations as investment companies.