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Seth Chertok

Seth Chertok

Visiting Assistant Professor of Law

(814) 867-0395
Principal Office: 
University Park

J.D., University of Pennsylvania Law School
B.A., University of Chicago, with honors
University of Paris (La Sorbonne and Nanterre) 

Professor Chertok is a scholar of corporate law, securities law, private equity and investment management law.  Professor Chertok has published articles on a wide variety of topics in these area in academic journals, as well as in over forty leading industry trade publications.  Recently, he has focused his research on the impact of Title IV of the Dodd-Frank Act and related SEC rules on investment advisers.

Professor Chertok is a former senior associate from Morrison & Foerster LLP in San Francisco, where he worked on the corporate, business and securities matters relating to the formation of numerous private equity, timber and real estate funds in transactions aggregating billions of dollars, and counseled institutional investors on evaluating these funds, preparing side letters and obtaining more favorable business terms in partnership agreements.  Professor Chertok also is an expert on investment adviser securities compliance, and has assisted several investment advisers with formulating from scratch and implementing their securities compliance policies and procedures.

“The Rise of the Dodd-Frank Act: How Dodd-Frank Will Likely Impact Private Equity Real Estate,” U. Penn. J. Bus. L. (forthcoming Winter 2013)
"A Comprehensive Guide to Title IV of the Dodd-Frank Act and the Rules Promulgated Thereunder,” 12 U.C. Davis Bus. L. J. 125 (2012) 
"A Detailed Analysis of Title IV of the Dodd-Frank Wall Street Reform and Consumer Protection Act," 6 Va. L. & Bus. Rev. J. 1 (2011)

“A Theoretical Assessment of Private Placements under Rule 506,” 8 N.Y.U. J. L. & Bus. 77 (2011)
"Private Equity Funds:  A Detailed Overview of Fund Business Terms, Part I and Part II," Journal of Private Equity (spring and summer 2010) (co-author)
"The SEC's New Dodd-Frank Advisers Act Rulemaking: An Analysis of the SEC's Implementation of Title IV of the Dodd-Frank Act," Harvard Bus. L. Rev. (online edition) (2011) (co-author)
"Why the SEC (and Congress) Should Recognize the 3(c)(1) Plus Exemption," 37 J. of Sec. Reg. 4 (2009) (co-author)
"Jurisdictional Competition in the European Community," 27 U. Pa. J. Int’l Econ. L. 465 (2006)