Daniel Kahl

Daniel Kahl is a partner in the Investment Funds Practice Group in the Washington, D.C., office of Kirkland & Ellis LLP.

Dan most recently served as Acting Director of the U.S. Securities & Exchange Commission's (SEC's) Division of Examinations in the agency’s Washington Headquarters where he oversaw all aspects of the SEC’s national examination program and more than one thousand examination staff nationwide. Dan worked directly with the Chairman, Commissioners and other SEC leadership to set examination policy, direction, and priorities. Previously, Dan served as Deputy Director and Chief Counsel of the Division of Examinations. In these roles, Dan led the development of SEC examination priorities for the domestic and international examination programs encompassing the spectrum of SEC registrants including investment companies, investment advisers and broker-dealers. He was also responsible for managing the team of lawyers responsible for providing legal advice, interpretative guidance, training and policy advice on the Federal securities laws to the examination program.

Prior to joining the Division of Examinations, Dan was Assistant Director in charge of the Investment Adviser Regulation Office in the Division of Investment Management at the SEC. As Assistant Director, Dan had primary responsibility for the development of policy under the Advisers Act including recommending to the Commission the proposal and adoption of Advisers Act rules, developing and providing interpretive guidance on adviser regulatory matters, taking no-action positions and providing exemptive relief, and participating on legislative matters. Dan worked closely with regulators across the Federal government including the Department of the Treasury, the Federal Reserve Board, the Financial Stability Oversight Counsel and other agencies on policy and regulatory matters concerning the asset management industry.

Prior to joining the Commission in 2001, Dan worked for the Investment Adviser Association, FINRA, and the North American Securities Administrators Association. 

Dan is a frequent speaker at legal and industry conferences.