Charles Lerner is a Senior Adviser and Regulatory Consultant to Milne Legal. In 2009 Mr. Lerner founded Fiduciary Compliance Associates LLC a compliance consulting firm located in New York City that assists investment advisers establish and operate with their compliance program to comply the US federal securities laws. He has more than 30 years’ experience in compliance and regulatory matters in the financial service industry. He was a Managing Director and Chief Compliance Officer of Duff Capital Advisors and UBS Dillon Read Capital Management, both hedge fund investment advisers. He has been a Managing Director for compliance and fiduciary risk at Bankers Trust Company and Deutsche Bank and responsible for portfolio compliance at Blackrock Financial Management.
His prior positions were as an attorney and senior counsel in the Division of Enforcement at the Securities and Exchange Commission in Washington, DC and Director of ERISA Enforcement at the Pension and Welfare Benefits Administration at the US Department of Labor (the predecessor agency to the Employee Benefits Security Administration) which has regulatory and enforcement responsibilities for the fiduciary responsibility, reporting and prohibited transactions provisions of the Employee Retirement Income Security Act of 1974 for private sector pension plans.
He is a frequent speaker on compliance issues and was lead editor for The US Private Equity Fund Compliance Guides published in 2010 and The US Private Equity Fund Compliance Companion, published in 2012 by PEI Media International. He is a graduate of Cornell University and received a JD from Brooklyn Law School and is admitted to the practice of law in New York and Maryland.