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Basics of Mutual Funds and Other Registered Investment Companies 2013

Released on: May. 8, 2013

Running Time: 06:46:48

Segments
Overview
Faculty
CLE Credit

Running Time	Segment Title	Faculty
[00:41:07]	The Evolution of an Industry: Approaching 75 Years of Retail Fund Regulation	George O. Martinez ~ Executive Director, J.P. Morgan Clifford E. Kirsch ~ Sutherland Mary Joan Hoene ~ Carter Ledyard & Milburn LLP
[01:16:09]	Fund Anatomy	Bibb L. Strench ~ Seward & Kissel LLP Kathryn L. Quirk ~ Former Chief Legal Officer, Prudential Investments LLC, Gregory N. Bressler ~ Senior Vice President & General Counsel, SunAmerica Asset Management Corp.
[01:01:23]	Fund Marketing and Sale of Fund Shares	Martin E. Lybecker ~ Perkins Coie LLP Clifford E. Kirsch ~ Sutherland Ronald A Holinsky ~ Chief Legal Officer, Janney Capital Management LLC, Janney Montgomery Scott LLC
[01:02:16]	Fund Regulation	Nicholas Prokos ~ Partner, ACA Compliance Group Laurin Blumenthal Kleiman ~ Sidley Austin LLP Penelope W Saltzman ~ Senior Special Counsel, Office of Chief Counsel, SEC
[01:00:42]	Fund Litigation	Mark Holland ~ Goodwin Procter LLP Laurin Blumenthal Kleiman ~ Sidley Austin LLP Lori A. Martin ~ WilmerHale LLP
[01:03:27]	Current Trends and Developments	Edward Baer ~ Managing Director, Head of US iShares Legal, BlackRock James C. Munsell ~ Sidley Austin LLP Robert C. Grohowski ~ Senior Counsel, Investment Company Institute

This program is designed to provide you with a basic overview of the legal, regulatory and operational issues affecting “registered investment companies” – the universe of publicly offered pooled investment vehicles that include mutual funds, closed-end funds, exchange-traded funds (“ETFs”) and others. You will learn the fundamentals of the extensive regulatory framework that dictates the structure and operations of retail investment funds as well as hot topics and developments affecting this $13 trillion industry. A distinguished faculty of practitioners and regulators, including current and former SEC officials, will offer insights into recent proposals that could result in the potential overhaul of regulations governing money market funds and the SEC examination process plus recent litigation and enforcement decisions.

Lecture Topics [Total time 06:46:48]

Segments with an asterisk (*) are available only with the purchase of the entire program.

Introduction and Overview* [00:05:18]
Clifford E. Kirsch, Laurin Blumenthal Kleiman
Keynote: A Lawyer's Career in Retail Funds* [00:36:27]
Andrew J. Donohue
The Evolution of an Industry: Approaching 75 Years of Retail Fund Regulation [00:41:07]
Mary Joan Hoene, Clifford E. Kirsch, George O. Martinez
Fund Anatomy [01:16:08]
Kathryn L. Quirk, Bibb L. Strench, Gregory N. Bressler
Fund Marketing and Sale of Fund Shares [01:01:23]
Ronald A Holinsky, Clifford E. Kirsch, Martin E. Lybecker
Fund Regulation [01:02:16]
Laurin Blumenthal Kleiman, Nicholas Prokos, Penelope W Saltzman
Fund Litigation [01:00:42]
Mark Holland, Laurin Blumenthal Kleiman, Lori A. Martin
Current Trends and Developments [01:03:27]
Edward Baer, Robert C. Grohowski, James C. Munsell

The purchase price of this Web Program includes the following articles from the Course Handbook available online:

Forming, Organizing and Operating a Mutual Fund: Legal and Practical Considerations (February 2013)
Laurin Blumenthal Kleiman
Basics of Mutual Funds and Other Registered Investment Companies (April 24, 2013)
George O. Martinez, Mary Joan Hoene
Mutual Fund Anatomy (April 24, 2013)
Bibb L. Strench
The Administrative History of Rule 12b-1 (April 2013)
Martin E. Lybecker
Different Distribution Methodologies for Open-End Funds
Martin E. Lybecker
List of Critical Glass-Steagall Act Cases
Martin E. Lybecker
ACA Insight: OCIE Chief Drills Down on Conflicts of Interest (November 5, 2012)
Nicholas Prokos
ACA Insight: Everything You Need to Know About CFTC/NFA Registration (September 3, 2012)
Nicholas Prokos
ACA Insight: Mutual Fund Adviser Charged with Document Production Failures (August 13, 2012)
Nicholas Prokos
ACA Insight: An Inside Look at the SEC Enforcement Process (April 30, 2007)
Nicholas Prokos
ACA Insight: An Inside Look at the Mock Audit Process (July 10, 2006)
Nicholas Prokos
ACA Insight: Preparing for Your Next SEC Examination (August 22, 2005)
Nicholas Prokos
SEC Speech: Remarks to the ALI CLE 2012 Conference on Investment Adviser Regulation: Legal and Compliance Forum on Institutional Advisory Services by Norm Champ, Director, Division of Investment Management, U.S. SEC (December 6, 2012)
Penelope W Saltzman
Speech by SEC Staff: Remarks at the CCoutreach National Seminar by Carlo V. Di Florio, Director, Office of Compliance Inspections and Examinations, U.S. Securities and Exchange Commission (February 8, 2011)
Penelope W Saltzman
Speech by SEC Staff: Remarks at the CCoutreach National Seminar by Carlo V. Di Florio, Director, Office of Compliance Inspections and Examinations, U.S. Securities and Exchange Commission (January 26, 2010)
Penelope W Saltzman
Office of Compliance Inspections and Examinations, Investment Adviser Examinations: Core Initial Request for Information (November 2008)
Penelope W Saltzman
Excessive Fee Litigation and the Investment Company Act of 1940
Lori A. Martin
Recent Developments in Shareholder Derivative Litigation Involving Investment Companies
Mark Holland
Excerpt: 2012 Investment Company Fact Book: Chapter Two: Recent Mutual Fund Trends, Chapter Three: Exchange-Traded Funds and Chapter Four: Closed-End Funds
Robert C. Grohowski
Current Trends and Developments (PowerPoint Slides)
Robert C. Grohowski

Presentation Material

Fund Marketing and Sale of Fund Shares
Clifford E. Kirsch
Fund Marketing and Sale of Fund Shares
Martin E. Lybecker
Fund Regulation
Laurin Blumenthal Kleiman,Nicholas Prokos
Fund Litigation
Mark Holland
Fund Litigation
Lori A. Martin
Current Trends and Developments
Robert C. Grohowski

Co-Chair(s)

Clifford E. Kirsch ~ Sutherland

Laurin Blumenthal Kleiman ~ Sidley Austin LLP

Speaker(s)

Edward Baer ~ Managing Director, Head of US iShares Legal, BlackRock

Gregory N. Bressler ~ Senior Vice President & General Counsel, SunAmerica Asset Management Corp.

Andrew J. Donohue ~ Managing Director, Deputy General Counsel, Goldman Sachs Asset Management

Robert C. Grohowski ~ Senior Counsel, Investment Company Institute

Mary Joan Hoene ~ Carter Ledyard & Milburn LLP

Ronald A Holinsky ~ Chief Legal Officer, Janney Capital Management LLC, Janney Montgomery Scott LLC

Mark Holland ~ Goodwin Procter LLP

Martin E. Lybecker ~ Perkins Coie LLP

Lori A. Martin ~ WilmerHale LLP

George O. Martinez ~ Executive Director, J.P. Morgan

James C. Munsell ~ Sidley Austin LLP

Nicholas Prokos ~ Partner, ACA Compliance Group

Kathryn L. Quirk ~ Former Chief Legal Officer, Prudential Investments LLC,

Penelope W Saltzman ~ Senior Special Counsel, Office of Chief Counsel, SEC

Bibb L. Strench ~ Seward & Kissel LLP

PLI makes every effort to accredit its On-Demand Web Programs and Segments. Please check the CLE Calculator above for CLE information specific to your state.

On-Demand Web Programs and Segments are approved in:

Alabama¹, Alaska, California, Colorado, Delaware, Florida, Georgia, Hawaii, Idaho*, Illinois , Iowa²*, Kansas, Kentucky*, Louisiana, Maine*, Mississippi, Missouri³, Montana, Nebraska, Nevada, New Hampshire⁴, New Jersey, New Mexico⁵, New York⁶, North Carolina⁷, North Dakota, Ohio⁸, Oklahoma⁹, Oregon*, Pennsylvania¹⁰, Rhode Island¹¹, South Carolina, Tennessee¹², Texas, Utah, Vermont, Virginia¹³, Washington, West Virginia, Wisconsin¹⁴ and Wyoming*.

Iowa, Mississippi, Oklahoma, and Wisconsin DO NOT approve Audio Only On-Demand Web Programs.

Minnesota approves live webcasts ONLY

Please Note: The State Bar of Arizona does not approve or accredit CLE activities for the Mandatory Continuing Legal Education requirement. PLI programs may qualify for credit based on the requirements outlined in the MCLE Regulations and Ariz. R. Sup. Ct. Rule 45.

*PLI will apply for credit upon request. Louisiana and New Hampshire: PLI will apply for credit upon request for audio-only on-demand web programs.

¹Alabama: Approval of all web based programs is limited to a maximum of 6.0 credits.

²Iowa: The approval is for one year from recorded date. Does not approve of Audio-only On-Demand Webcasts.

³Missouri: On-demand web programs are restricted to six hours of self-study credit per year. Self-study may not be used to satisfy the ethics requirements. Self-study can not be used for carryover credit.

⁴New Hamphsire: The approval is for three years from recorded date.

⁵New Mexico: On-Demand web programs are restricted to 4.0 self-study credits per year.

⁶New York: Newly admitted attorneys may not take non-traditional course formats such as on-demand Web Programs or live Webcasts for CLE credit. Newly admitted attorneys not practicing law in the United States, however, may earn 12 transitional credits in non-traditional formats.

⁷North Carolina: A maximum of 4 credits per reporting period may be earned by participating in on-demand web programs.

⁸Ohio: To confirm that the web program has been approved, please refer to the list of Ohio’s Approved Self Study Activities at http://www.sconet.state.oh.us. Online programs are considered self-study. Ohio attorneys have a 6 credit self-study limit per compliance period. The Ohio CLE Board states that attorneys must have a 100% success rate in clicking on timestamps to receive ANY CLE credit for an online program.

⁹Oklahoma: Up to 6 credits may be earned each year through computer-based or technology-based legal education programs.

¹⁰Pennsylvania: PA attorneys may only receive a maximum of four (4) hours of distance learning credit per compliance period. All distance learning programs must be a minimum of 1 full hour.

¹¹Rhode Island: Audio Only On-Demand Web Programs are not approved for credit. On-Demand Web Programs must have an audio and video component.

¹²Tennessee: The approval is for the calendar year in which the live program was presented.

¹³Virginia: All distance learning courses are to be done in an educational setting, free from distractions.

¹⁴Wisconsin: Ethics credit is not allowed. The ethics portion of the program will be approved for general credit. There is a 10 credit limit for on-demand web programs during every 2-year reporting period. Does not approve of Audio-only On-Demand Webcasts.

Running time and CLE credit hours are not necessarily the same. Please be aware that many states do not permit credit for luncheon and keynote speakers.

If you have already received credit for attending some or the entire program, please be aware that state administrators do not permit you to accrue additional credit for repeat viewing even if an additional credit certificate is subsequently issued.

Note that some states limit the number of credit hours attorneys may claim for online CLE activities, and state rules vary with regard to whether online CLE activities qualify for participatory or self-study credits. For more information, call Customer Service (800) 260-4PLI (4754) or e-mail info@pli.edu.

Live Seminars

Basics of Mutual Funds and Other Registered Investment Companies 2014 (New York, NY)

Apr. 23, 2014

Course Handbook Archive

Basics of Mutual Funds and Other Registered Investment Companies 2014
Basics of Mutual Funds and Other Registered Investment Companies 2013	Clifford E. Kirsch, Sutherland Laurin Blumenthal Kleiman, Sidley Austin LLP
Fundamentals of Mutual Funds and Exchange-Traded Funds 2012	Clifford E. Kirsch, Sutherland Laurin Blumenthal Kleiman, Sidley Austin LLP

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	On-Demand Segment Description Faculty CLE Credit PLI makes every effort to accredit its recorded programs. PLI MP3s are approved in the following states/territories: AK, CA¹, CO, FL, GA, ID, IL, KS², ME, MO, MT, NC, ND, NH, NJ, NM, NV, NY, OR, PA, TX³, UT, VI, VT, WA, WV, WY. Some exceptions apply. For more information contact PLI. ¹California: This activity qualifies for participatory credit. ²Kansas: There is a 5.0 credit limit per year for this type of viewing. ³Texas: Considered self-study credit. There is a 5 credit limit, including specialty credit. Please note:* The State Bar of Arizona does not approve or accredit CLE activities for the Mandatory Continuing Legal Education requirement. *PLI will apply for credit upon request. Running time and CLE credit hours earned are not necessarily the same. Please be aware that many states do not permit credit for luncheon speakers. Special Note: In New York, non-traditional course formats including audio and video cassettes are NOT acceptable for transitional CLE credit for the newly admitted attorney within the first two years after their admission to the Bar. Attorneys other than newly admitted may use non-traditional course format, including audio and video cassettes to fulfill their CLE requirements. IMPORTANT INFORMATION FOR ATTORNEYS SEEKING CLE CREDIT While listening to the program, be alert to listen for the AUTHORIZATION CODE which has been placed somewhere within the program. Write the code down; you will be asked for this information when you request CLE credit. Once you’ve completed the program, please go to www.pli.edu and log in. Once you are logged in, your account will be displayed and the available programs will be listed on the left side under the heading "My Online Library". If you are already logged in, click the link for My Account on the home page to access your Online Library. Return to the program and click the MCLE Registration button in the top right region of the program window. A new window will open with a CLE Request form, you will be asked to complete a short evaluation, and fill in the AUTHORIZATION CODE, please complete and submit the form. Once you click the Submit button, your request for CLE credit will be sent to the CLE department. PLI will email you a CLE certificate within 48 hours. If you are unable to successfully log in, please contact our customer service department at 800-260-4754 for assistance. GENERAL INFORMATION This product is designed to provide practical and useful information on the subject matter covered. However, it is sold with the understanding that the publisher is not engaged in rendering legal, accounting or other professional services. If legal advice or other expert assistance is required, the services of a competent professional should be sought. If you have already received credit for attending some or the entire program, please be aware that state administrators do not permit you to accrue additional credit for repeat viewing even if an additional credit certificate is subsequently issued. PLI makes every effort to accredit its On-Demand Web Programs and Segments. Please check the CLE Calculator above for CLE information specific to your state. On-Demand Web Programs and Segments are approved in: Alabama¹, Alaska, California, Colorado, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois , Iowa², Kansas, Kentucky, Louisiana, Maine, Mississippi, Missouri³, Montana, Nebraska, Nevada, New Hampshire⁴, New Jersey, New Mexico⁵, New York⁶, North Carolina⁷, North Dakota, Ohio⁸, Oklahoma⁹, Oregon, Pennsylvania¹⁰, Rhode Island¹¹, South Carolina, Tennessee¹², Texas, Utah, Vermont, Virginia¹³, Washington, West Virginia, Wisconsin¹⁴ and Wyoming. Iowa, Mississippi, Oklahoma, and Wisconsin DO NOT approve Audio Only On-Demand Web Programs. Minnesota approves live webcasts ONLY Please Note: The State Bar of Arizona does not approve or accredit CLE activities for the Mandatory Continuing Legal Education requirement. PLI programs may qualify for credit based on the requirements outlined in the MCLE Regulations and Ariz. R. Sup. Ct. Rule 45. *PLI will apply for credit upon request. Louisiana and New Hampshire: PLI will apply for credit upon request for audio-only on-demand web programs. ¹Alabama: Approval of all web based programs is limited to a maximum of 6.0 credits. ²Iowa: The approval is for one year from recorded date. Does not approve of Audio-only On-Demand Webcasts. ³Missouri: On-demand web programs are restricted to six hours of self-study credit per year. Self-study may not be used to satisfy the ethics requirements. Self-study can not be used for carryover credit. ⁴New Hamphsire: The approval is for three years from recorded date. ⁵New Mexico: On-Demand web programs are restricted to 4.0 self-study credits per year. ⁶New York: Newly admitted attorneys may not take non-traditional course formats such as on-demand Web Programs or live Webcasts for CLE credit. Newly admitted attorneys not practicing law in the United States, however, may earn 12 transitional credits in non-traditional formats. ⁷North Carolina: A maximum of 4 credits per reporting period may be earned by participating in on-demand web programs. ⁸Ohio: To confirm that the web program has been approved, please refer to the list of Ohio’s Approved Self Study Activities at http://www.sconet.state.oh.us. Online programs are considered self-study. Ohio attorneys have a 6 credit self-study limit per compliance period. The Ohio CLE Board states that attorneys must have a 100% success rate in clicking on timestamps to receive ANY CLE credit for an online program. ⁹Oklahoma: Up to 6 credits may be earned each year through computer-based or technology-based legal education programs. ¹⁰Pennsylvania: PA attorneys may only receive a maximum of four (4) hours of distance learning credit per compliance period. All distance learning programs must be a minimum of 1 full hour. ¹¹Rhode Island: Audio Only On-Demand Web Programs are not approved for credit. On-Demand Web Programs must have an audio and video component. ¹²Tennessee: The approval is for the calendar year in which the live program was presented. ¹³Virginia: All distance learning courses are to be done in an educational setting, free from distractions. ¹⁴Wisconsin: Ethics credit is not allowed. The ethics portion of the program will be approved for general credit. There is a 10 credit limit for on-demand web programs during every 2-year reporting period. Does not approve of Audio-only On-Demand Webcasts. Running time and CLE credit hours are not necessarily the same. Please be aware that many states do not permit credit for luncheon and keynote speakers. If you have already received credit for attending some or the entire program, please be aware that state administrators do not permit you to accrue additional credit for repeat viewing even if an additional credit certificate is subsequently issued. Note that some states limit the number of credit hours attorneys may claim for online CLE activities, and state rules vary with regard to whether online CLE activities qualify for participatory or self-study credits. For more information, call Customer Service (800) 260-4PLI (4754) or e-mail info@pli.edu. Add to Cart Membership Suite Options: Add to My List Register From Roster Request Groupcast Receive all of the items below at the reduced price of $0.00 A combined savings of $0.00 Buy Combo CREDIT INFORMATION Credits for: