Cindy Beyea is a member of Eversheds Sutherland's Financial Services Practice Group and focuses her practice on advising mutual funds, closed-end funds, exchange-traded funds, business development companies, investment company boards of directors and investment advisers. Cindy concentrates on issues involving the Investment Company Act of 1940, the Investment Advisers Act of 1940 and related federal securities laws.
Cindy assists investment company clients with structuring and registration, reporting and disclosure requirements, and fund governance and compliance matters. She also provides advice and counsel to investment company clients with respect to complex reorganization and acquisition transactions. Cindy also regularly advises clients with respect to Section 529 college savings plans. She is a member of the Maryland and District of Columbia bars.
Selected Experience
Advised clients with registration, reporting and disclosure requirements.
Advised clients on federal securities laws.
Advised program managers to 529 college savings plans.
Awards and Rankings
Recognized by Chambers Global: World’s Leading Lawyers in the area of investment funds - registered funds (2020)
Recognized by Chambers USA: Guide to Leading Business Lawyers in the area of investment funds - registered funds (2019-2020)
Multimedia
Videocast: Asset management regulation in 2020 videocast series - Investment company developments (January 30, 2020)
In 2020, investment companies should be prepared for important compliance deadlines and likely US Securities and Exchange Commission (SEC) rulemakings.In this Bottom Line videocast, Cynthia Beyea ...
Video: 2019 BDC Roundtable (September 2019)
The 2019 BDC Roundtable was held on September 4-5 at the JW Marriott Washington DC Hotel. With more than 300 attendees, the Roundtable brought together industry executives, inside and outside ...
Video: 2018 BDC Roundtable (September 2018)
The 2018 BDC Roundtable was held on September 5-6 at the Renaissance Washington DC Hotel. With more than 300 registrants, the roundtable brought together industry executives, inside and outside ...
Videocast: Interval funds: A brief introduction (March 20, 2018)
In the past few months, investment company structures known as interval funds have become popular among money managers. This Bottom Line videocast discusses:what makes a fund an “interval ...
Webcast: A Primer on Registered Closed-End Funds, Specifically Interval Funds (October 19, 2017)
Eversheds Sutherland (US) attorneys Cynthia Krus, Cynthia Beyea and Payam Siadatpour present, “A Primer on Registered Closed-End Funds, Specifically Interval Funds,” a webcast on October 19, 2017. ...
Webcast: BDC Directors Training Series (May 24, 2017)
On May 24, 2017, Eversheds Sutherland (US) LLP presents the second part of our BDC Directors Training Series. The BDC Directors Training Series consists of complimentary webcasts focused on practical ...
Webcast: BDC Directors Training Series (January 26, 2017)
Sutherland attorneys Cynthia Krus, Lisa Morgan, and Terri Jordan, present the first session in their BDC Directors Training Series. The call will include:What is expected of a BDC ...
Podcast: Quick Call: BDC Industry Update (November 17, 2016)
Sutherland attorneys Cynthia Krus, Harry Pangas, David Roby, and William Watts present their bi-monthly roundup of recent BDC industry developments. The call will include:The new Form ADV ...
Podcast: Quick Call: BDC Industry Update - Insurance Coverage Trends (June 1, 2016)
Guest speakers from Willis Towers Watson and Travelers Insurance join the Sutherland BDC team to address the topic of insurance coverage trends for business development companies (BDCs), including, ...
News
In the News
SEC Considers Changes to Controversial Disclosure as Part of Funds-of-Funds Reforms (January 14, 2019)
Fund Intelligence
Eversheds Sutherland Partners Cynthia Beyea and Cynthis Krus are quoted in this Fund Intelligence article discussing the Security and Exchange Commission’s (SEC) possible change of a contentious 2007 ...
Law360 Names Attys Who Moved Up The Firm Ranks In Q1 (April 22, 2016)
Law360
In this article, Law360 features attorneys whose commitment to excellence resulted in their move up in the law firm leadership ranks during the first quarter of 2016. Cynthia Beyea, David McCullough, ...
Sutherland Names Seven New Partners (March 24, 2016)
The American Lawyer
Cynthia Beyea, David McCullough, Brian Murphy, Brennan Posner, Meghana Shah, Wes Sheumaker and Maria Todorova were mentioned in an article by The American Lawyer for being elected partner, effective ...
People on the Move - Cynthia Beyea (January 5, 2016)
Washington Business Journal
Cynthia Beyea is featured in the Washington Business Journal’s “People on the Move” section for being promoted to partner at Sutherland. Cindy focuses her practice on advising mutual funds, ...
Press Releases
24 Eversheds Sutherland Practice Areas, 63 Attorneys Named Among Nation’s Best in 2020 Chambers USA (April 23, 2020)
Eversheds Sutherland is pleased to announce that 24 practices and 63 attorneys have earned recognition in the 2020 edition of Chambers USA: America’s Leading Lawyers for Business. Chambers USA, a ...
Nine Eversheds Sutherland US Attorneys, Three US Practices Recognized in 2020 Edition of Chambers Global (February 13, 2020)
Eversheds Sutherland is pleased to announce that nine attorneys and three practices earned recognition in the 2020 edition of Chambers Global: World’s Leading Lawyers for Business. Chambers Global is ...
19 Eversheds Sutherland Practice Areas, 55 Attorneys Named Among Nation’s Best in 2019 Chambers USA (April 25, 2019)
Eversheds Sutherland is pleased to announce that 19 practices and 55 attorneys have earned recognition in the 2019 edition of Chambers USA: America’s Leading Lawyers for Business. Chambers USA, a ...
Sutherland Elects Seven New Partners (January 4, 2016)
ATLANTA, NEW YORK and WASHINGTON-Sutherland Asbill & Brennan LLP is pleased to announce the election of seven new partners, effective January 1, 2016. “I am honored to welcome our colleagues into the ...
Presentations
Basics of Mutual Funds and Other Registered Investment Companies 2019 (May 6, 2019)
Practising Law Institute
Eversheds Sutherland (US) Partners Clifford E. Kirsch and Cindy Beyea present during the Practising Law Institute (PLI) seminar “Basics of Mutual Funds and Other Registered Investment Companies 2019” ...
Basics of Mutual Funds and Other Registered Investment Companies 2018 (May 14, 2018)
Practising Law Institute
Eversheds Sutherland (US) Partners Clifford E. Kirsch and Cynthia R. Beyea present during the Practising Law Institute (PLI) seminar Basics of Mutual Funds and Other Registered Investment Companies ...
Webcast: A Primer on Registered Closed-End Funds, Specifically Interval Funds (October 19, 2017)
Eversheds Sutherland (US) attorneys Cynthia Krus, Cynthia Beyea and Payam Siadatpour present, “A Primer on Registered Closed-End Funds, Specifically Interval Funds,” a webcast on October 19, 2017. ...
Basics of Mutual Funds and Other Registered Investment Companies 2017 (April 20, 2017)
Practising Law Institute
Eversheds Sutherland (US) Partners Cynthia Beyea and Clifford Kirsch present during the Practising Law Institute (PLI) seminar Basics of Mutual Funds and Other Registered Investment Companies 2017 ...
Podcast: Quick Call: BDC Industry Update (November 17, 2016)
Sutherland attorneys Cynthia Krus, Harry Pangas, David Roby, and William Watts present their bi-monthly roundup of recent BDC industry developments. The call will include:The new Form ADV ...
Publications
Legal Alerts
Federal Reserve’s updated Main Street Lending Program: BDCs could get call from the bullpen (May 11, 2020)
As previously detailed in a prior Eversheds Sutherland legal alert (the Prior Alert), on April 9, 2020, the Federal Reserve unveiled the “Main Street Lending Program” (Program) which will make loans ...
Dividends payable partly in stock may provide capital flexibility to BDCs (Updated May 5, 2020)
The COVID-19 pandemic has caused a significant disruption in the capital markets. As a result, business development companies (BDCs) may be seeking to conserve cash in order to preserve flexibility ...
The SEC proposed amendments to modernize fund valuation practices (April 30, 2020)
Overview On April 21, 2020, the Securities and Exchange Commission (SEC) announced the proposal of new Rule 2a-5 (the Proposed Rule) under the Investment Company Act of 1940, as amended (the 1940 ...
PPP Reboot - Additional funding accompanied by additional guidance (April 28, 2020)
On Friday, April 24, 2020, President Trump signed into law the Paycheck Protection Program and Health Care Enhancement Act (the Act), which amends the Coronavirus Aid, Relief, and Economic Security ...
SEC proposes amendments to modernize MD&A disclosure requirements (April 21, 2020)
On January 30, 2020, the United States Securities and Exchange Commission (the SEC) proposed amendments (the Proposed Amendments) to Item 303 of Regulation S-K, Management’s Discussion & Analysis of ...
In harmony at last: SEC passes securities offering reform for BDCs and registered closed-end funds (April 17, 2020)
On April 8, 2020, the Securities and Exchange Commission (the SEC) voted, at its first virtual meeting, to adopt rule amendments to implement certain provisions of the Small Business Credit ...
Should BDCs be part of the “Main Street Lending Program”? (April 13, 2020)
On March 27, 2020, the President signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act in response to the COVID-19 emergency. Title IV of the CARES Act directs the Federal ...
A primer on the PPP - What, Where, Why and How (April 10, 2020)
On March 27, 2020, Congress passed, and President Trump signed, the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act) in response to the COVID-19 emergency. Specifically, the CARES ...
SEC provides immediate temporary flexibility to BDCs regarding asset coverage and co-investment in response to COVID-19 pandemic (April 9, 2020)
On April 8, 2020, the staff of the Division of Investment Management of the US Securities and Exchange Commission (Commission) issued an exemptive order (the Order) under the Investment Company Act ...
Could BDCs and SBICs become guaranteed lenders to small businesses under the CARES Act? (March 29, 2020)
On March 27, 2020, Congress passed, and President Trump signed, the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act) in response to the COVID-19 emergency. Specifically, the CARES ...
