Product Counsel, Meridian

About the Role: Meridian is AngelList’s wealth platform for private markets. Meridian is building wealth products for the growing class of self-directed investors who want unique and direct access to private markets. Built on more than a decade of AngelList innovation, Meridian extends the platform that already supports founders and fund managers to serve investors now. Meridian is early, and this role presents an opportunity to help shape the next generation of products for private market investing. As Product Counsel for Meridian, you'll structure new offerings with product, engineering, compliance, and the executive team: scaffolding private-market securities products and transactions including primary offerings, company and fund secondaries, feeder and buyer aggregation vehicles, and broker-dealer-enabled execution. Your judgment will shape what we ship. Own legal product counseling for Meridian across design, development, launch, scale, and ongoing maintenance. Advise on broker-dealer obligations end-to-end, including FINRA rules, Regulation Best Interest and suitability, private-placement due diligence, communications review, investor eligibility, AML/KYC, licensing, books and records, and supervisory frameworks, in close partnership with compliance. Analyze product and transaction structures under the Securities Act, Exchange Act, Regulation D, Investment Company Act, Investment Advisers Act, state blue sky laws, and, where relevant, tender-offer and Regulation ATS requirements. Own legal analysis for resale and transfer mechanics, including ROFRs, consent rights, transfer restrictions, solicitation, matching, compensation structures, and “effecting transactions” risk. Build and maintain Meridian’s foundational legal and disclosure framework, including vehicle documents, product terms, risk disclosures, conflicts disclosures, and buyer and seller communications. Design scalable legal review, approval, and escalation processes that preserve product velocity without weakening regulatory controls. Drive alignment across product, engineering, compliance, business development, operations, and marketing; train teams and translate regulatory developments into concrete product requirements. JD and active bar membership in good standing, with 6–10 years of relevant legal experience. Direct experience advising or working within a registered broker-dealer, ideally involving private placements, private securities, alternative investments, or secondary transactions. FINRA registrations—or willingness to obtain them—are a plus. Deep fluency in the Securities Act, Exchange Act, Regulation D, FINRA rules, the broker-dealer regulatory perimeter, Regulation Best Interest and suitability, communications review, offering due diligence, and supervisory systems. Strong understanding of the Investment Company Act, Investment Advisers Act, and private-fund exemptions. Experience with private-fund interests, ROFR and transfer mechanics, tender-offer analysis, state blue sky laws, or marketplace and ATS regulation is especially valuable. Product counseling experience in fintech, trading or marketplace infrastructure, venture capital, private funds, or another tightly regulated financial product. Proven ability to own complex initiatives, make calls in ambiguous environments, and convert legal analysis into concrete product and operational requirements. Clear, direct communication. You can earn trust with lawyers, compliance professionals, engineers, operators, and commercial teams. High output. Strong judgment. Low ego. Strong point of view. Values-aligned. Working Here If you don’t meet every requirement above, we still encourage you to apply. We value complementary strengths and operators who learn by doing. AngelList has offices in a few cities, New York City and San Francisco. We have a hybrid in-office model: teammates come in at least 2 days per week (Tuesdays and either Wednesday or Thursday). Compensation: The compensation for this role