This is a webcast of the live New York session.Why you should attend
The Dodd-Frank Act - frequently described as the most sweeping reform legislation in decades - and the contemplated, proposed or final rules implementing it, have significant implications for broker-dealers. The concurrent proliferation of new regulation and record-breaking enforcement activity by the DOJ, SEC, CFTC, states and SROs have created a strained and overburdened environment for legal and compliance personnel. This program brings together a distinguished faculty of regulators, industry experts and leading practitioners to discuss issues that will help you keep up with the changing landscape of the business and its regulatory oversight.
What you will learn
- Current regulatory issues being addressed by the regulators
- Current examination and enforcement priorities of the SEC, CFTC, SROs and state regulators
- Major criminal cases impacting broker-dealers
- In-house lawyers’ and compliance officers’ regulatory and enforcement challenges, and their strategies and best tips for minimizing regulatory exposure
Who should attend
Attorneys and other professionals involved in securities, corporate, banking and finance, and insurance law; in-house counsel and compliance professionals, financial advisers, bankers and accountants; and those employed in supervisory positions throughout the financial services industry.
PLI Group Discounts
Groups of 4-14 from the same organization, all registering at the same time, for a PLI program scheduled for presentation at the same site, are entitled to receive a group discount. For further discount information, please contact membership@pli.edu or call (800) 260-4PLI.
PLI Can Arrange Group Viewing to Your Firm
Contact the Groupcasts Department via email at groupcasts@pli.edu for more details.
Cancellations
All cancellations received 3 business days prior to the program will be refunded 100%. If you do not cancel within the allotted time period, payment is due in full. You may substitute another individual to attend the program at any time.
All times are E.D.T.
Morning Session: 9:00 a.m. - 12:45 p.m. (E.D.T.)
9:00 Overview of Program and Current Issues
Carmen J. Lawrence, Neal E. Sullivan
9:15 SEC, CFTC, DOJ and SRO Enforcement
Senior regulators will discuss their enforcement initiatives, developments and priorities.
- Significant SEC, CFTC and DOJ enforcement initiatives
- FINRA rules, examinations and enforcement
- Ponzi schemes, microcap fraud, insider trading, structured products, alternative investments, FCPA, financial fraud, and whistleblowers.
Moderator: Carmen J. Lawrence
Panelists: Marc P. Berger, David Meister (Invited), Susan L. Merrill, Michael J. Osnato, Susan Schroeder
10:45 Break
11:00 State Enforcement
State regulators will discuss regulatory initiatives, developments and priorities. The panelists will offer their insights for avoiding and responding to a state regulatory matter.
- Investment advisers
- Regulation D Rule 506 offerings
- Sale of non-traditional products to retail investors (gold & precious metals, oil & gas drilling programs, promissory notes)
- EB-5 Investment-for-Visa schemes, Real Estate Investment Schemes
Moderator: Neal E. Sullivan
Panelists: Ronak V. Patel, Tanya Solov, S. Anthony Taggart
12:30 Break
12:45 Luncheon Keynote
J. Bradley Bennett, Executive Vice President, Enforcement, FINRA
Afternoon Session: 1:45 p.m. - 5:00 p.m. (E.D.T.)
1:45 Regulatory Update
This panel will discuss recent regulatory developments that have been receiving examination and rulemaking attention. Topics will include:
- Exam priorities, including: supervision of technology system controls and governance, the Market Access Rule, proprietary trading, capital, AML, trading and sales practices, protection of customer assets, risks related to ETFs and High Frequency and Algorithmic trading.
- Current rule initiatives, including: Dodd-Frank rulemaking and study update.
Moderator: Henry Klehm III
Panelists: James A. Brigagliano, Gerard S. Citera, Eric Gallinek, Gregory Johnson
2:45 Break
3:00 In-House Lawyer Roundtable
This panel of senior in-house regulatory lawyers will discuss the challenges they face in managing the regulatory and enforcement issues that their firms face on a regular basis. They will discuss their strategies and concerns as well as the role that they expect outside counsel to play in helping them minimize their firms’ regulatory exposure. Topics will include:
- Managing the regulatory process
- Challenges and strategies for keeping up with complex businesses
- Handling Whistleblower complaints
- Advising supervisors and employees
- Decision making as to self reporting, cooperation, and remediation
Moderator: Colleen P. Mahoney
Panelists: Kay L. Lackey, David M. Levine, Ilene B. Marquardt, Joaquin M. Sena
4:00 Compliance Officer Roundtable
This panel of Chief Compliance Officers will discuss the challenges they face managing their compliance programs in light of continued unprecedented changes in the broker dealer industry. They will discuss current regulatory issues and priorities and offer lessons learned from recent enforcement actions. Topics will include:
- Approaches for assessing program effectiveness
- Strategies for maintaining a robust program
- International and cross-border regulatory and compliance issues
- Compliance challenges presented by technology, social media, and devices
Moderator: Wiliam R. Baker III
Panelists: Alan M. Cohen, Christopher J. Mahon, Ghillaine A. Reid, Charles V. Senatore (Invited)
5:00 Adjourn
Co-Chair(s)
Speaker(s)
Marc P. Berger ~ Co-Chief, Securities & Commodities Task Force, United States Attorney's Office, Southern District of New York
Eric Gallinek ~ Managing Director, Regional Head of Compliance (Americas) & Global Head of AWM Compliance, Deutsche Bank AG
Gregory Johnson ~ Managing Director, Chief Compliance Officer - Corporate & Investment Bank, J.P.Morgan Chase
Kay L. Lackey ~ Managing Director/Senior Counsel, RBS Markets and International Banking
David M. Levine ~ Head of Litigation and Regulatory Enforcement, Americas, Deutsche Bank
Christopher J. Mahon ~ Senior Vice President and Head of Broker-Dealer Legal and Regulatory, AllianceBernstein L.P.
Ilene B. Marquardt ~ Senior Deputy General Counsel and Managing Director, UBS Financial Services, Inc.
David Meister ~ Director of Enforcement, U.S. Commodity Futures Trading Commission
Michael J. Osnato ~ Assistant Regional Director, Enforcement Division, U.S. Securities and Exchange Commission
Ronak V. Patel ~ Deputy Securities Commissioner of Texas, Texas State Securities Board
Joaquin M. Sena ~ Associate General Counsel, Regulatory Inquiries Group, Bank of America
Program Attorney(s)
PLI makes every effort to accredit its Live Webcasts. Please check the CLE Calculator above for CLE information specific to your state.
PLI's Live Webcasts are approved for MCLE credit (
unless otherwise noted in the product description) in the following states/territories: Alabama, Alaska, Arkansas, California, Colorado, Delaware, Florida, Georgia, Hawaii, Idaho*, Illinois, Indiana
1, Iowa*, Kansas*, Kentucky*, Louisiana, Maine*, Minnesota, Mississippi, Missouri, Montana, Nebraska, North Carolina, North Dakota, New Hampshire*, New Jersey, New Mexico, Nevada, New York
2, Ohio
3, Oklahoma, Oregon*, Pennsylvania
4, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia
5, Virgin Islands, Washington, West Virginia, Wisconsin, and Wyoming*.
*PLI will apply for credit upon request.
Arizona: The State Bar of Arizona does not approve or accredit CLE activities for the Mandatory Continuing Legal Education requirement.
Arkansas and Oklahoma: Audio-only live webcasts are not approved for credit.
1Indiana: Considered a distance education course. There is a 6 credit limit per year.
2New York: Newly admitted attorneys may not take non-transitional course formats such as on-demand audio or video 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.
3Ohio: To confirm that the live webcast 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 biennial 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.
4 Pennsylvania: A live webcast may be viewed individually or in a group setting. Credit may be granted to an attorney who views a live webcast individually. There is a 4.0 credit limit per year for this type of viewing. A live webcast viewed in a group setting receives live participatory credit if the program is open to the public and advertised at least 30 days prior to the program. Live webcasts viewed in a group setting that do not advertise at least 30 days prior the program will be considered "in-house", and therefore denied credit.
5Virginia: All distance learning courses are to be done in an educational setting, free from distractions.
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.
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, refer to your state CLE website or call Customer Service at (800) 260-4PLI (4754) or email: info@pli.edu.
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.