This is a webcast of the live New York session.Why you should attend
You’ll hear expert panelists discuss: significant business and legal developments in the investment management area over the past year and important regulatory initiatives such as:
- The SEC’s regulatory agenda
- New regulations affecting money-market funds
- Potential SEC staff guidance regarding valuation, derivatives and other areas
- Potential new regulatory initiatives relating to target date funds and exchange-traded funds
- Possible modifications of the fund reporting regime
- Governance initiatives of importance to fund independent directors and trustees
- New legislative initiatives
- The future of investment adviser oversight
- Mutual fund distribution, including the use of social media
- Effect of CFTC, DOL, FINRA and non-U.S. regulations on the fund industry
- Up-to-date SEC staff investment management compliance guidance
- Investment management examination hot buttons
- The regulation of private fund managers
- Recent investment management litigation trends
- The continued focus on enforcement in the asset management area
- Ethics for the investment management practitioner
At this program, you will hear from current and former regulators, industry experts and practitioners about important regulatory matters, as well as about business topics such as developments of new financial products and services.
Who should attend
This program is designed for attorneys in law firms, in-house counsel, private fund lawyers, compliance officers and others involved in current issues affected by the Investment Company Act of 1940, the Investment Advisers Act of 1940, the Commodity Exchange Act of 1974, ERISA and other relevant laws.
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.S.T.
Day One: 9:00 a.m. - 4:30 p.m. (E.S.T.)
Morning Session: 9:00 a.m. - 12:00 p.m. (E.S.T.)
9:00 Introduction and Welcome
Barry P. Barbash and Paul F. Roye
9:15 Keynote Talk
Norm Champ, Director, Division of Investment Management, U.S. Securities and Exchange Commission, Washington, D.C.
9:45 Current Division of Investment Management Agenda
- Money market fund regulation
- Funds’ use of derivatives
- Target date fund rules
- Exchange-traded fund initiatives
Barry P. Barbash, Norm Champ, Paul F. Roye
10:45 Networking Break
11:00 Other Regulatory Regimes Affecting the Investment Management Industry
- CFTC regulations affecting the investment management business
- Broker-dealer regulatory initiatives affecting the asset management business
- Trends in ERISA regulation of asset managers
Moderator: Paul F. Roye
Susan C. Ervin, Melanie Franco Nussdorf, Thomas Selman
12:00 Lunch Break
Afternoon Session: 1:15 p.m. - 4:30 p.m. (E.S.T.)
1:15 Regulatory Schemes Outside the U.S. Affecting the Investment Management Industry
- Implications of global regulatory reform
- EU alternative fund manager directive
- Intergovernmental agreements and FATCA
- Remuneration policies and practices
Moderator: Paul F. Roye
Christopher D. Christian, Susan M. Olson
2:15 Compliance and Inspections
- Addressing key adviser and fund compliance issues
- Preparing for SEC exams
- Dealing with whistleblower claims
Moderator: Paul F. Roye
Andrew J. Bowden, Philip L. Kirstein, Elizabeth R. Krentzman
3:15 Networking Break
3:30 The Regulation of Private Fund Managers
- Implications of Investment Advisers Act registration
- Dealing with Form PF
- Allocation and other issues
Moderator: Barry P. Barbash
Stephanie R. Breslow, W. Danforth Townley
4:30 Adjourn
Day Two: 9:00 a.m. - 12:45 p.m. (E.S.T.)
9:00 Litigation Trends
- Update on Section 36(b) litigation
- The aftermath of Janus Capital Group
- Trends in disclosure cases
- Cases related to the use of sub-advisers
Moderator: Barry P. Barbash
Lori A. Martin, Sean Murphy
10:15 The Continuing Focus on Enforcement
- Current SEC enforcement themes
- Current FINRA enforcement themes
- Coordination among the enforcers
Moderator: Barry P. Barbash
Julie M. Riewe, Susan Schroeder
11:30 Networking Break
11:45 Ethics
- SEC Rules of Professional Responsibility for issuer’s counsel
- Dodd-Frank Act implications
- The role of the investment adviser’s counsel in reporting material violations to fund counsel
- Law firm advance conflicts waivers
- Email and metadata issues
Michael S. Sackheim
12:45 Adjourn
Co-Chair(s)
Paul F. Roye ~ Senior Vice President, Fund Business Management Group, Capital Research and Management Company
Speaker(s)
Andrew J. Bowden ~ Associate Director, Office of Compliance Inspections and Examinations, U.S. Securities and Exchange Commission
Norm Champ ~ Director, Division of Investment Management, U.S. Securities and Exchange Commission
Philip L. Kirstein ~ Senior Officer & Independent Compliance Officer Mutual Funds, AllianceBernstein Mutual Funds
Susan M. Olson ~ Senior Cousel-International Affairs, Investment Company Institute
Julie M. Riewe ~ Co-Chief, Asset Management Unit, Division of Enforcement, U.S. Securities and Exchange Commission
Thomas Selman ~ Executive Vice President, Regulatory Policy, Financial Industry Regulatory Authority (FINRA)
W. Danforth Townley ~ Attorney Fellow, Division of Investment Management, United States Securities and Exchange Commission
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.