Why you should attend
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. At the same time, Congress is considering financial regulatory reform that could impose a new self-regulatory organization in charge of adviser regulation. At this program, attendees will get a solid foundation in the regulatory regime applying to investment advisers. Attendees 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 rulemaking including advisor disclosure, custody, and pay-to-play, as well as the new SEC adviser exam program.
What you will learn
- Who are the regulators and how do they interact?
- How will financial regulatory reform impact the adviser industry?
- What determines whether an adviser is SEC-registered or state-registered?
- What does an adviser’s fiduciary duty entail?
- How are conflicts of interest resolved?
- What rules apply to adviser advertising?
- What is the role of the adviser’s Chief Compliance Officer?
- How do the SEC and state regulators conduct inspections?
Who should attend
Attorneys and business professionals seeking to understand investment adviser regulation. Additionally, the program provides a refresher to those already working in the investment adviser industry.
Morning Session: 9:00 a.m. - 12:30 p.m.
9:00 Laying the Foundation
- Who is an adviser?
- Who are the regulators?
- The different models for providing advisory services
Clifford E. Kirsch, Bruce Maisel
10:15 Networking Break
10:30 Registration, Disclosure and Required Filings
- Registration as an adviser
- The client disclosure regime
- Form 13F
Clifford E. Kirsch, John L. Bronson
11:30
Standards of Conduct; Marketing and Advertising; Trading Activity
- The advisers fiduciary duty
- An overview of the Advisers Act’s Business Practices Rules
- The rules governing adviser advertising
- Principal and agency trades
Kay A. Gordon
12:30
Lunch Break
Afternoon Session: 1:30 p.m. - 5:00 p.m.
1:30
Retail Advisory Services; Managed Advisory Programs
- The various types of managed advisory programs
- The role of the sponsor, portfolio manager, and advisory representative
- Financial planning
Kevin Dowling, Carolyn Tuohy
2:45
Networking Break
3:00
Private Funds and Institutional Advisory Services
- The different types of institutional advisory services
- Advisers to private funds
- Advisers in the retirement marketplace
Ethan Corey, Peter M. Rosenblum
4:00 Compliance and Exams; Ethics for Adviser Lawyers
- Self-reporting
- Whistleblowers rules
- CLO/CCO liability
Steven A. Yadegari, John H. Walsh
5:00 Adjourn
Chairperson(s)
Speaker(s)
Ethan Corey ~ Senior Vice President and Associate General Counsel, MFS Investment Management
Bruce W. Maisel ~ Vice President & Chief Compliance Officer U.S. Private Client Group, BMO Harris Bank
Carolyn Tuohy ~ Senior Counsel, General Counsel's Office, Thrivent
Steven A. Yadegari ~ Executive Vice President and General Counsel, Cramer Rosenthal McGlynn, LLC
Program Attorney(s)
New York City Seminar Location
PLI New York Center, 810 Seventh Avenue at 53rd Street (21st floor), New York, New York 10019. Message Center, program days only: (212) 824-5733.
New York City Hotel Accommodations
Due to high demand and limited inventory in NYC, we recommend reserving hotel rooms as early as possible.
The New York Hilton & Towers, 1335 Avenue of the Americas, New York, NY 10019. 1 block from PLI Center. Reservations 1-800-HILTONS or, 1-877-NYC-HILT. Please mention that you are booking a room under the Practising Law Institute Corporate rate and the Client File # is N495741. Reservations on line at www.hilton.com and enter the same Client File # in the Corporate ID # field to access Practising Law Institute rates.
The Warwick New York Hotel, 65 West 54th Street New York, NY 10019. 1 block from PLI Center. Reservations 800-223-4099 or, hotel direct 212-247-2700. Please mention that you are booking a room under the Practising Law Institute Corporate rate. Reservations on line at www.warwickhotelny.com Click reservations in menu bar on left. Select desired dates. In 'Special Rates' drop down window select Corporate Rate. In 'Rate Code' enter PLIN. Click search and select desired room type and rate plan. Or, you may email reservation requests to: res.ny@warwickhotels.com
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