The explosion of new financial products over the past decade, the implosion of the credit markets and the resulting significant new regulatory requirements underline the importance of a basic understanding of financial products. While these instruments have been, in the view of many, invaluable investment tools, and have presented enormous potential for product manufacturers and investors, they also create potentially significant legal risks and challenges for their promoters, users, legal counsel and regulators. This seminar is designed as a hands-on learning tool to explain the fundamentals that you need to know when dealing with the more common financial investment products in the marketplace today.
Lecture Topics [Total time 13:01:35]
Segments with an asterisk (*) are available only with the purchase of the entire program.
- Introduction and Opening Remarks* [00:03:59]
Robert S. Risoleo, Clifford E. Kirsch
- Laying the Foundation Part I -- Financial Product Fundamentals [01:20:48]
Robert S. Risoleo, Rebecca J. Simmons
- Laying the Foundation Part II -- Distribution of Financial Products [00:46:02]
Robert S. Risoleo, Gary M. Brown
- Mutual Funds and Similar Products [01:29:57]
Clifford E. Kirsch, Mary Joan Hoene, Laurin Blumenthal Kleiman
- Hedge Funds and Other Private Funds [01:30:27]
Bruce Karpati, Scott J. Lederman
- Insurance Products [01:14:19]
Clifford E. Kirsch, Gary M. Brown, Dodie Kent
- Flow-Through Entities and Tax Considerations [01:15:24]
Cynthia M. Krus, Richard G. Larkins
- Securitized Products [01:01:35]
Stuart M. Litwin
- Mortgage-Related Products and CDOs [01:13:59]
Rebecca J. Simmons, Chris M. Gavin
- Derivatives Products [02:01:30]
Rebecca J. Simmons, Kenneth L. Josselyn, Donna M. Parisi, Kiye Sakai
- Ethical Challenges and Other Hot Topics in Financial Products [01:03:35]
Robert S. Risoleo, Clifford E. Kirsch, James S. Wrona, Janet Holmes
The purchase price of this Web Program includes the following articles from the Course Handbook available online:
- Sullivan & Cromwell LLP, Jobs Act--"General Solicitation" in Private Offerings (August 30, 2012)
Robert S. Risoleo
- Sullivan & Cromwell LLP, Final Product Definitions Under Title VII of Dodd-Frank (August 27, 2012)
Robert S. Risoleo
- Sullivan & Cromwell LLP, Congress Passes the "Jumpstart Our Business Startups Act” (March 27, 2012)
Robert S. Risoleo
- Chapter 6: Securities Act Registration Exemptions, Practising Law Institute, Securities Law and Practice Deskbook
Gary M. Brown
- Selected Portions of Chapter 7, Resales of Securities Under the Securities Act, Practising Law Institute, Securities Law and Practice Deskbook
Gary M. Brown
- Mutual Funds and Similar Products
Mary Joan Hoene
- Forming, Organizing and Operating a Mutual Fund: Legal and Practical Considerations
Laurin Blumenthal Kleiman
- Hedge Funds
Scott J. Lederman
- Life Settlements as Investment Products
Gary M. Brown
- Life Settlements Task Force, Staff Report to The United States Securities and Exchange Commission (July 22, 2010)
Gary M. Brown
- Variable Insurance Products Outline
Clifford E. Kirsch, Dodie Kent
- Understanding Financial Products 2013--Tax Issues
Richard G. Larkins
- Chapter 14: Securitization of Equipment and Auto Leases, from PLI's Equipment Leasing--Leveraged Leasing, Fifth Edition
Stuart M. Litwin, William Levy
- New Developments in Collateralized Loan Obligation Transactions
John Timperio
- Mayer Brown, Legal Update, US Securities and Exchange Commission Issues Concept Release and Request for Comments Regarding Investment Company Exclusion Under Section 3(c)(5)(C) of the Investment Company Act of 1940 (Sept. 21, 2011)
Stuart M. Litwin
- Securities and Exchange Commission, Release No. IC-29778; File No. S7-34-11, 17 CFR Part 270, Companies Engaged in the Business of Acquiring Mortgages and Mortgage-Related Instruments
Robert S. Risoleo
- Selected Issues Relating to Structured Notes Programs
Robert S. Risoleo
- An Overview of Insolvency Statutes Affecting Major Derivatives Market Participants
Rebecca J. Simmons
- Outline: New FINRA Suitability and "Know Your Customer" Rules
James S. Wrona
- Citations to Publications Regarding Suitability and Related Topics
James S. Wrona
- Life Settlements (PowerPoint Slides)
Gary M. Brown
- Index to Understanding Financial Products 2013
Presentation Material
- Laying the Foundation
Robert S. Risoleo
- Laying the Foundation Part I -- Financial Product Fundamentals
Rebecca J. Simmons
- Mutual Funds and Similar Products
Clifford E. Kirsch, Mary Joan Hoene, Laurin Blumenthal Kleiman
- Hedge Funds and Other Private Funds
Scott J. Lederman
- Insurance Products
Gary M. Brown
- Insurance Products
Clifford E. Kirsch,Dodie Kent
- Flow-Through Entities and Tax Considerations
Cynthia M. Krus
- Flow-Through Entities and Tax Considerations
Richard G. Larkins
- Introduction to Securitization
Stuart M. Litwin
- Mortgage-Related Products and CDOs
Rebecca J. Simmons, Chris M. Gavin
- Legal Issues Relating to Offerings of “Securitized Derivatives”
Kenneth L. Josselyn
- Derivatives Products
Donna M. Parisi
- Derivatives Products
Kiye Sakai
- Key Elements of Swaps Regulation Under Dodd-Frank
Rebecca J. Simmons
- Ethical Challenges and Other Hot Topics in Financial Products
Janet Holmes
- Selected Legal Opinion and Related Issues in Structured Transactions
Robert S. Risoleo
- Ethical Challenges and Other Hot Topics in Financial Products
James S. Wrona
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 Carolina8, 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
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. 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.