Rick Coyle is a partner in Chapman’s Investment Management Group. He focuses his practice on advising registered investment companies, registered investment advisers, index providers and broker-dealers on a variety of matters pertaining to the Investment Company Act of 1940, the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Advisers Act of 1940 and other federal securities laws.

Rick has particular experience representing ETF sponsors and is a proud member of Chapman’s ETF team, which serves as fund counsel to over 450 ETFs with cumulative assets under management exceeding $200 billion. His clients include a wide range of asset managers, from large, established firms to start-up managers. He has advised and represented numerous ETF clients in launching novel products, including one of the first-day Bitcoin ETFs, the first “defined outcome” ETFs and some of the first ETFs to principally hold futures contracts referencing bitcoin and ether. He also has significant experience in representing issuers seeking to use derivatives to provide unique exposures in the ETF wrapper.

He has experience with forming and providing ongoing advice to closed-end funds, interval funds, mutual funds and unit investment trusts. He has advised registered fund and adviser clients regarding a wide variety of operational matters, including mergers, changes of control, reorganizations and other such matters.

Rick has advocated strongly on behalf of the digital asset and blockchain industry and advised numerous clients in matters relating to cryptocurrencies and blockchains. He has met with U.S. Senators, members of the U.S. House of Representatives, SEC Commissioners, and CFTC Commissioners regarding various initiatives and proposed legislation impacting the industry. He has also advised clients on the use of blockchains by asset managers and in securities offerings.




University of Michigan Law School, J.D., cum laude, 2013

University of Michigan, B.A., Political Science, 2011

Notable Engagements




  • Panelist, 2023 Blockchain Summit Panel: Law & Blockchain, University of Illinois Gies College of Business, April 28, 2023.

  • Presenter, "SEC Pumps the Brakes on Bitcoin Funds," Chicago Bar Association, Investment Management Subcommittee Meeting, January 31, 2018.
  • Presenter, “California Court Applies “Tracing” Requirement to Actions Brought Against ETF Issuers Under Section 11 of the 1933 Act,” Chicago Bar Association, Investment Management Subcommittee Meeting, October 12, 2017.
  • Presenter, “SEC Approves New Continued Listing Standards for ETFs,” Chicago Bar Association, Investment Management Subcommittee Meeting, April 27, 2017.

We have always been focused on finance.

  • 1913
    TS Chapman partners with Henry Cutler to form Chapman and Cutler
  • 1st
    Chapman's first client in 1913 is still a client of the firm today
  • 22
    Diverse financial practices serving regional, national, and global clients
  • 6
    Offices across the country and in key US financial centers

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