Scott C. Budlong is a partner in RK&O’s New York office. He is a member of the firm’s Securities Regulation, Securities Transactions, Investment Management, and Board & Director Advisory practices.
Mr. Budlong advises hedge funds, family offices and other financial market participants on a wide spectrum of securities transactional and regulatory matters. These include: investments in public and private securities offerings; registration rights agreements and SEC-registered resales; resales of restricted and control securities under Rule 144; purchases and resales under Rule 144A, Section 4(a)(1-½) and Regulation S; compliance with insider trading and market manipulation laws; board representation and shareholder activism; reporting and disclosure under Section 13; reporting and transaction planning under Section 16; short selling and compliance with Regulation M and Regulation SHO; and bankruptcy-related securities law issues.
Mr. Budlong also counsels public and private company boards, board committees and individual directors on corporate governance matters, including fiduciary duties, conflicts of interest, stock exchange and SEC independence requirements, and emerging governance trends. He has particular experience advising hedge funds and other institutional investors with representation on public company boards.
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, primarily advising issuers and investment banks. He began his career as a corporate associate with Coudert Brothers LLP.
Mr. Budlong is the author of Hedge Fund Equity Investing: U.S. Legal Issues (Bloomberg Law® Practice Portfolio Series, 2017-2019). He has contributed articles to a variety of professional publications, including The Hedge Fund Law Report, Securities Regulation & Law Report, The CLS Blue Sky Blog, and Securities Law360. Mr. Budlong is admitted to practice in New York.