Stuart E. Fross

Stuart E. Fross


Foley & Lardner LLP

AB, Middlebury College
JD, University of Chicago


Stuart Fross is a partner with Foley & Lardner LLP where he concentrates his practice on securities laws and regulations, as part of the Private Equity & Venture Capital, Transactional & Securities and International Practices. Mr. Fross’ main focus is investment managers and pooled investment vehicles, including U.S. registered open-end, closed end and exchange traded funds, bank collective investment funds (with an emphasis a stable value funds), UCITS funds, as well as private funds, organized in the US and offshore. Mr. Fross has extensive experience in equity, high-income and fixed income trading operations, as well as with distribution related issues for registered and unregistered funds.

Prior to joining Foley, Mr. Fross was a partner with K&L Gates and before that, WilmerHale. Previously, Mr. Fross was deputy general counsel and senior vice president for Strategic Initiatives with Fidelity Management and Research Company. He teaches Pooled Funds and Investor Protection and U.S. Regulation of Mutual Funds.


Pooled Funds and Investor Protection: LAW BK 950

2 credits

Pooled investment funds, such as pension plans and mutual funds, are an important part of the global financial services industry. This course is designed as a survey of pooled funds and seeks to introduce students to the common regulatory themes that are found across pooled fund types, and to identify the unique approaches to regulation applicable to the various pooled fund types studied. The course undertakes an analysis of the legal, regulatory and fiduciary standards that apply to trustees, managers, advisers, and sponsors of collective investment vehicles. The course focuses on the concept of fiduciary duty as the basis of all trusted relationships, and examines selected problems of investor and beneficiary protection in the fields of private and public pension plans and mutual funds. It studies in detail two U.S. federal statutes as examples of legal techniques used to mitigate those risks- -ERISA and the Investment Company Act of 1940 (including fiduciary duties, the role of the fund board and management fees). The class then studies pooled investment funds and investment trusts in the E.U., the U.K. and other countries, focusing on the perceived risks and protective measures reflected in their legal and regulatory systems.

SPRG 2023: LAW BK 950 A1 , Jan 17th to Apr 25th 2023
Days Start End Credits Instructors Bldg Room
Tue 6:30 pm 8:30 pm 2 Stuart E. FrossAndrade LAW 605
Tue 6:30 pm 8:30 pm 2 Stuart E. FrossAndrade LAW 605