Bio

Joseph Del Raso work encompasses the representation of investment advisers, mutual funds, closed-end investment companies, unit investment trusts, hedge funds, offshore funds, and publicly owned venture capital funds, usually organized as business development companies. He advises clients on the development of new or innovative securities products that are regulated by the Investment Company Act and works closely with the SEC, state securities regulators, and federal and state banking regulatory authorities that are primarily responsible for the oversight of collectively managed investment vehicles. He served as a court appointed receiver, at the request of the SEC, for a large operating company that was ultimately liquidated because of numerous violations of the federal securities laws perpetrated by prior management. Joseph also represents clients in telecommunications, construction and manufacturing businesses, and he headed the firm’s representation of the Republican National Committee for its convention in Philadelphia in 2000, including assisting the RNC with contract negotiations and all related issues regarding the convention. In March 2002, Joseph was the only attorney in private practice invited to testify before the U.S. House of Representatives Financial Services Committee about H.R. 3763, the Corporate and Auditing Accountability, Responsibility and Transparency Act of 2002. In July 2004, he was invited to testify before the U.S. House of Representatives Financial Services Committee on the two-year anniversary of the Sarbanes-Oxley Act. Long active in political and governmental affairs, Joseph has strong relationships with leaders in Congress, the Executive Branch and many federal agencies, as well as the state government of Pennsylvania and other states. He also has experience in international matters and excellent relationships with several foreign governmental and business leaders, particularly in Italy and other European countries. He has been invited to brief the U.S. Department of State on economic matters relating to businesses in the Mediterranean, particularly Italy, where Joseph has several clients. In 2005, Joseph accompanied a Pennsylvania delegation to Italy that reported to the state government on opportunities to expand economic ties between the state and Italy. In 2007, he was appointed a member of the President’s Commission on White House Fellowships. Members of the Commission are appointed by the President of the United States. As former chairman of the board of trustees of the National Italian American Foundation, Joseph continues to be active in promoting international relations, cross-cultural exchanges and educational opportunities. Joseph started his legal career as an attorney/adviser in the U.S. Securities and Exchange Commission’s Division of Investment Management. He lectures frequently about investment company regulation and has appeared several times in Europe as a lecturer or moderator of legal programs regarding the offshore development and marketing of investment company products. He is the founding co-editor-in-chief of the Villanova Journal of Law and Investment Management.