On-Demand   On-Demand Web Programs

Fundamentals of Investment Adviser Regulation 2013

Released on: Jul. 31, 2013
Running Time: 06:39:44

Running Time Segment Title Faculty Format
[00:55:40] Overview of Program; Who is an Investment Adviser? Kenneth J. Berman ~ Debevoise & Plimpton LLP
On-Demand MP3 MP4
[01:07:14] Adviser Registration; Regulatory Jurisdiction Clifford E. Kirsch ~ Sutherland Asbill & Brennan LLP
G. Philip Rutledge ~ Bybel Rutledge LLP
On-Demand MP3 MP4
[01:00:14] Regulation of Advisers (Part I): Attracting Clients and Establishing the Adviser-Client Relationship Kay A. Gordon ~ Drinker Biddle & Reath LLP
John L. Bronson ~ U.S. Businesses Regulatory Counsel, Prudential Financial
On-Demand MP3 MP4
[01:06:31] Regulation of Advisers (Part II): Brokerage and Trading Practices Steven W. Stone ~ Morgan Lewis & Bockius LLP
On-Demand MP3 MP4
[01:12:44] Regulation of Advisers (Part III): Compliance; Recordkeeping and Exams; Trends and Developments (Includes Legal Ethics) Michael B. Koffler ~ Sutherland Asbill & Brennan LLP
Steven A. Yadegari ~ Executive Vice President and General Counsel, Cramer Rosenthal McGlynn, LLC
On-Demand MP3 MP4
[01:17:21] Advisers to Private Funds Peter M. Rosenblum ~ Foley Hoag LLP
Antoinette Lazarus ~ Chief Compliance Officer, Landmark Partners
On-Demand MP3 MP4

In the aftermath of the financial crisis and the resulting regulatory reform, the SEC has advanced significant rulemaking to impose a greater degree of controls on investment advisers’ operations. In fact, the SEC has put the regulation of investment advisers under the microscope, establishing new rules related to adviser custody, political contributions and adviser disclosure and has retooled its adviser exam program.

In this program, you will get a solid foundation in the regulatory regime applying to investment advisers. You will learn how the Investment Advisers Act of 1940 and state securities laws interact in governing the advisory industry.

A distinguished faculty will offer insights into recent developments, including the SEC’s adviser exam program and recent enforcement cases.

Lecture Topics 
[Total time 06:39:44]

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

  • Overview of Program; Who is an Investment Adviser? [00:55:40]
    Kenneth J. Berman
  • Adviser Registration; Regulatory Jurisdiction [01:07:14]
    Clifford E. Kirsch, G. Philip Rutledge
  • Regulation of Advisers (Part I): Attracting Clients and Establishing the Adviser-Client Relationship [01:00:14]
    John L. Bronson, Kay A. Gordon
  • Regulation of Advisers (Part II): Brokerage and Trading Practices [01:06:31]
    Steven W. Stone
  • Regulation of Advisers (Part III): Compliance; Recordkeeping and Exams; Trends and Developments (Includes Legal Ethics) [01:12:44]
    Steven A. Yadegari, Michael B. Koffler
  • Advisers to Private Funds [01:17:21]
    Peter M. Rosenblum, Antoinette Lazarus

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

  • Registration Under the Investment Advisers Act of 1940 (May 13, 2013)
    Kenneth J. Berman
  • Introduction to the Investment Advisers Act
    Clifford E. Kirsch
  • State Registration of Investment Advisers
    G. Philip Rutledge
  • Form ADV: Uniform Application for Investment Adviser Registration and Report Form by Exempt Reporting Advisers
    Clifford E. Kirsch
  • Regulation of Advisers (Part I): Attracting Clients and Establishing the Adviser-Client Relationship (July 17, 2013)
    John L. Bronson, Kay A. Gordon
  • Regulation of Advisers (Part II): Brokerage and Trading Practices (May 23, 2013)
    Steven W. Stone
  • Adviser Compliance Policies and Procedures
    Clifford E. Kirsch
  • The Broker-Dealer and Adviser Uniform Standard of Care (July 17, 2013)
    Clifford E. Kirsch, Issa J. Hanna
  • Legal/Compliance Officer Liability for Duty to Supervise
    Clifford E. Kirsch
  • Compliance and Exams for Investment Adviser Lawyers (July 17, 2013)
    Michael B. Koffler, Steven A. Yadegari
  • Investment Advisers to Private Funds: A Short Outline of Key Concepts (May 20, 2013)
    Peter M. Rosenblum
  • Private Fund Investment Advisers Registration Act of 2010 (July 21, 2010)
    Peter M. Rosenblum
  • Selected Regulations Under the Investment Advisers Act of 1940
    Peter M. Rosenblum
  • SEC Interpretive Guidance Concerning Registration of Related Persons Under the Investment Adviser Act of 1940 (January 18, 2012)
    Peter M. Rosenblum
  • Regulation of Advisers (Part 1): Attracting Clients and Establishing the Adviser-Client Relationship (July 17, 2013) (Powerpoint Slides)
    John L. Bronson, Kay A. Gordon

Presentation Material

  • Adviser Registration; Regulatory Jurisdiction
    Clifford E. Kirsch
  • Adviser Registration; Regulatory Jurisdiction
    G. Philip Rutledge
  • Regulation of Advisers (Part I): Attracting Clients and Establishing the Adviser-Client Relationship
    John L. Bronson, Kay A. Gordon
  • Regulation of Advisers (Part II): Brokerage and Trading Practices
    Steven W. Stone
  • Advisers to Private Funds
    Peter M. Rosenblum, Antoinette Lazarus
Chairperson(s)
Clifford E. Kirsch ~ Sutherland Asbill & Brennan LLP
Speaker(s)
Kenneth J. Berman ~ Debevoise & Plimpton LLP
John L. Bronson ~ U.S. Businesses Regulatory Counsel, Prudential Financial
Kay A. Gordon ~ Drinker Biddle & Reath LLP
Michael B. Koffler ~ Sutherland Asbill & Brennan LLP
Antoinette Lazarus ~ Chief Compliance Officer, Landmark Partners
Peter M. Rosenblum ~ Foley Hoag LLP
G. Philip Rutledge ~ Bybel Rutledge LLP
Steven W. Stone ~ Morgan Lewis & Bockius LLP
Steven A. Yadegari ~ Executive Vice President and General Counsel, Cramer Rosenthal McGlynn, LLC

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.

 
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