Asset Managers and AI Integration: Legal and Regulatory Essentials

Ms. Betancourt’s practice focuses on advising clients and businesses on artificial intelligence and cybersecurity matters. She serves as AI counsel for clients, enabling them to develop AI strategy and implement governance and risk management. Ms. Betancourt’s expertise also spans cyber incident response and preparedness, cybersecurity governance and regulatory compliance, corporate transactions, and internal investigations. She regularly advises clients at the C-suite and board levels on strategically approaching the responsible implementation of AI and navigating complex cybersecurity matters. Prior to joining the firm, Ms. Betancourt served as the Chief Legal Officer of Cybersecurity, Data Privacy and AI at Prudential Financial Inc., a global insurer and asset manager, where she had global and enterprise-wide responsibility. She led the company’s legal, regulatory, and investigative matters on cyber and AI, including advising senior management. She has a deep understanding of the business priorities of corporate clients and the intersection of cybersecurity, AI, and risk management with such priorities and leverages her multi-disciplinary background to provide clients with comprehensive, tailored, and practical guidance on navigating the rapidly evolving cybersecurity threat landscape and emerging AI landscape. Ms. Betancourt has in-depth knowledge of cybersecurity-focused and AI regulations impacting clients across a wide range of industries, including insurance, financial services, asset management, life sciences, technology, and other industries. She advises clients on all aspects of the AI system lifecycle, including strategies for responsible adoption, as well as overall governance and risk management strategies in a multitude of domains, including security, regulatory, and litigation. 

Ms. Roy practices in the firm’s litigation and enforcement practice group, representing financial services firms, including investment advisers and mutual funds, and other clients in securities litigation and other complex business disputes in courts around the country. She focuses her practice on the investment management industry and has experience in litigating many of the leading issues facing the mutual fund industry, including excessive fee claims, prospectus liability and closed-end fund activism. In addition to active litigation matters, Ms. Roy regularly advises clients in federal and state government investigations. She is an industry thought leader on issues surrounding environmental, social and governance (ESG) investing practices, advising multiple clients on regulatory investigations and disclosure matters, and is also a regular speaker and commentator on ESG investing issues among other emerging issues impacting financial services firms.

Mr. Skinner represents investment advisers and other financial services firms in securities litigation and other complex business disputes. A recognized industry leader in investment management litigation, he has been at the forefront of many of the key challenges facing the mutual fund and ETF industry in recent years, including excessive fee claims, prospectus liability, closed-end fund activism and ESG investing. He obtained a U.S. Supreme Court victory for a mutual fund adviser in Jones v. Harris Associates, the seminal decision establishing the liability standard for excessive fee claims under Section 36(b) of the 1940 Act. In addition to handling active litigation matters, Mr. Skinner frequently advises investment managers and other clients in their dealings with state and federal regulators. He is a regular speaker and commentator on litigation and risk management issues facing asset managers. Mr. Skinner also has substantial experience in litigating major insurance coverage disputes on behalf of insurers, including trial and appellate victories in the 9/11 World Trade Center coverage dispute.