Joseph V. Del Raso
Joseph V. Del Raso is a partner in the Commercial Department of Pepper Hamilton LLP. Mr. Del Raso leads the firm’s Investment Management Practice Group and is co-chair of the firm’s Italian Desk and a practice leader for mutual funds of the firm’s Funds Services Practice Group. He is a past member of Pepper’s Executive Committee.
Mr. Del Raso concentrates his practice in securities, with a special emphasis on matters arising under the Investment Company Act of 1940 and the related Investment Advisers Act of 1940. His work encompasses the representation of investment advisers, mutual funds, closed-end investment companies, unit investment trusts, hedge funds, offshore funds and publicly owned venture capital funds, usually organized as business development companies.
He advises clients on the development of new or innovative securities products that are regulated by the Investment Company Act and works closely with the SEC, state securities regulators, and federal and state banking regulatory authorities that are primarily responsible for the oversight of collectively managed investment vehicles. He served as a court appointed receiver, at the request of the SEC, for a large operating company that was ultimately liquidated because of numerous violations of the federal securities laws perpetrated by prior management.
Mr. Del Raso also represents clients in telecommunications, construction and manufacturing businesses, and he headed the firm’s representation of the Republican National Committee for its convention in Philadelphia in 2000, including assisting the RNC with contract negotiations and all related issues regarding the convention.
In March 2002, Mr. Del Raso was the only lawyer in private practice invited to testify before the U.S. House of Representatives Financial Services Committee about H.R. 3763, the Corporate and Auditing Accountability, Responsibility and Transparency Act of 2002. In July 2004, Mr. Del Raso was invited to testify before the U.S. House of Representatives Financial Services Committee on the two-year anniversary of the Sarbanes-Oxley Act. From 2007 to 2009, Mr. Del Raso was appointed by George W. Bush to the President’s Commission on White House Fellowships.
Mr. Del Raso started his legal career as an attorney/adviser in the U.S. Securities and Exchange Commission’s Division of Investment Management. He lectures frequently about investment company regulation and has appeared several times in Europe as a lecturer or moderator of legal programs regarding the offshore development and marketing of investment company products. He is the founding co-editor-in-chief of the Villanova Journal of Law and Investment Management and the author of “Securities Investment Partnerships,” published by the CPA Journal (September 1993).
Mr. Del Raso is chairman of the National Italian American Foundation, chairman of the board of trustees for the American University of Rome, chair of the board of consultors of the Villanova School of Law and treasurer of the World Affairs Council of Philadelphia. Mr. Del Raso is an active fund raiser for a number of charitable activities, and he chaired the 1999 Gala Dinner for St. Edmond’s Home for Children and the 2002 Crescent Awards Dinner for Rosemont College. In 2009, Mr. Del Raso worked closely with the U.S. Department of State to coordinate relief efforts following the earthquake in L’Aquila Italy. In June 2005, he was conferred the Order of Merit, honorary knighthood, by the Republic of Italy.
B.S. 1974 Villanova University School of Commerce and Finance
J.D. 1983 Villanova University School of Law
Admitted to practice in Pennsylvania and Florida