Scott C. Budlong is a partner in RK&O’s New York Office. Mr. Budlong's practice centers on providing securities law advice and related guidance to private investment funds and other buy-side financial market participants, addressing a wide spectrum of transactional and regulatory issues in the public and private securities markets.
Mr. Budlong’s statutory expertise encompasses the Securities Act, the Exchange Act, the Investment Advisers Act and Delaware corporate law. His specific areas of focus include: issues relating to large public equity positions, including affiliate status, board representation and director duties, MNPI management and Section 13 and 16 reporting; portfolio liquidity planning and transactions, including IPOs and registered and unregistered resales; negotiation and documentation of private securities transactions; shareholder activism and corporate governance issues; bankruptcy-related securities law issues; short selling; insider trading prevention; and investment manager change-of-control transactions.
Mr. Budlong joined RK&O as a partner in 2008. Previously, he had served for three years as Chief Securities & Governance Counsel at Marsh & McLennan Companies, Inc. Prior to that role, he was a Counsel in the capital markets practice at Debevoise & Plimpton LLP, where he worked for several years in New York and London. He began his practice as a corporate associate in the New York and Paris offices of Coudert Brothers LLP.
Mr. Budlong is the author of Hedge Fund Equity Investing: U.S. Legal Issues (Bloomberg BNA Securities Practice Portfolio Series, 2017-2018). He has contributed articles to a variety of professional publications, including The Hedge Fund Law Report, Securities Regulation & Law Report, International Financial Law Review and Securities Law360. Mr. Budlong is admitted to practice in New York.