People

Matthew A. Chambers

Retired Partner

Chambers, Matthew A.

Matthew Chambers' practice focused on investment management matters. His clients included registered investment companies and investment advisers and private and offshore funds. Before joining private practice, Mr. Chambers served as Associate Director (Regulation) in the US Securities and Exchange Commission's Division of Investment Management. He joined the firm in 1999 and retired in 2016.

Until 1995, Mr. Chambers served as Associate Director (Regulation) in the US Securities and Exchange Commission's Division of Investment Management. In that capacity, he supervised three offices: the Office of Investment Company Regulation, which is responsible for the review of exemptive applications filed by investment advisers and investment companies; the Office of Regulatory Policy, which writes rules regarding the substantive regulation of investment companies; and the Office of Public Utility Regulation, which administers the Public Utility Holding Company Act of 1935. Mr. Chambers also directed the Division's task force that reexamined investment company regulation and drafted the 1992 report, Protecting Investors: A Half Century of Investment Company Regulation, which set the agenda for mutual fund regulation for several years.

From 1995 to 1999, Mr. Chambers was with Debevoise & Plimpton, where he concentrated on mutual fund, private fund and investment adviser matters.

Honors & Awards

  • Selected by his peers for inclusion in the Best Lawyers in America2008,2009, 2010, in the area of securities law, and 2011, 2012, 2013, 20142015 and 2017 in the areas of securities law and mutual funds law
  • Selected as a 2007 Washington, DC Super Lawyer for his outstanding work in securities and corporate finance
  • Recipient of both the SEC Distinguished Service Award and the SEC Supervisory Excellence Award

Publications & News

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August 16, 2017

WilmerHale Lawyers Named Among the 2018 Best Lawyers in America®, Nine Recognized as Lawyers of the Year

Best Lawyers in America®—the oldest and most respected peer-review publication in the legal industry—recognizes 107 WilmerHale lawyers and names nine partners as Lawyers of the Year in its 24th edition.

December 2, 2016

Change and Continuity in Securities Regulation

Given the fluidity of the regulatory environment, making accurate predictions regarding what to expect from the SEC under a new Administration and a new Chair is difficult. Nevertheless, in this Client Alert we explore possible key areas of securities regulation that may be affected under the new Administration. This Client Alert was republished by the Harvard Law School Forum on Corporate Governance and Financial Regulation.

August 15, 2016

WilmerHale Lawyers Named Among the 2017 Best Lawyers in America®, Six Recognized as Lawyers of the Year

Best Lawyers in America®—a respected peer-review publication in the legal industry—recognizes 101 WilmerHale lawyers and names six partners as Lawyers of the Year in its 23rd edition.

July 7, 2016

SEC Proposes New Requirement for Business Continuity Plans for Investment Advisers

On June 28, 2016, the Securities and Exchange Commission proposed a rule that would require all SEC-registered investment advisers to adopt and implement a business continuity and transition plan.

October 26, 2015

FinCEN Proposes AML Requirements for Registered Investment Advisers

An article co-written by Franca Harris Gutierrez, Sharon Cohen Levin, Matthew A. Chambers and Timothy F. Silva, published in the October 2015 edition of Banking & Financial Services Policy Report, Vol. 34, No. 10.

September 3, 2015

FinCEN Proposes AML Requirements for Registered Investment Advisers

The Financial Crimes Enforcement Network (FinCEN) has proposed long-expected regulations that would extend anti-money laundering (AML) requirements to federally registered investment advisers (RIA).

May 18, 2015

FINRA Allows Use of Related Performance Information in Communications Regarding Mutual Funds with Financial Intermediaries and Other Institutional Investors

On May 12, 2015, the staff of the Financial Industry Regulatory Authority issued an interpretive letter to Hartford Funds Distributors, LLC that conditionally allows distributors of mutual funds to include certain types of related performance information in communications with institutional investors, including registered broker-dealers and investment advisers.

April 6, 2015

Contribution Caution: Mitigating Risks From Pay-To-Play

An article by Matthew Chambers, Ben Neaderland and April Elliott, published by Law360 on April 6, 2015.

April 1, 2015

The SEC and FINRA Increase Scrutiny of Regulated Firms’ Cybersecurity

An article by Jonathan Cedarbaum, Yoon-Young Lee, Matthew Chambers and Benjamin Powell, published in April 2015 edition of The Investment Lawyer, Vol. 22, Number 4, pages 26–28.

February 5, 2015

SEC and FINRA Release Cybersecurity Sweep Reports, Promise Increased Scrutiny of Regulated Firms

Continuing their heightened focus on the information security practices of regulated firms, both the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) released reports Tuesday summarizing the results of their cybersecurity sweeps.

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Education

JD, University of Michigan Law School, 1982, Order of the Coif

BA, Duke University, 1979, Phi Beta Kappa

Bar Admissions

District of Columbia

Government Experience

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