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
- Potential new regulations affecting money-market funds
- Potential SEC staff guidance regarding derivatives used by registered funds
- Potential new regulatory initiatives relating to target date funds and exchange-traded funds
- Governance initiatives of importance to fund independent directors and trustees
- New legislative initiatives: the JOBS Act and the STOCK Act
- The future of investment adviser oversight
- Mutual fund distribution, including the use of social media
- Effect of CFTC, DOL and FINRA regulations on the fund industry
- The regulation of private fund managers
- Up-to-date SEC staff investment management compliance guidance
- Working with the SEC’s adviser pay-to-play rule
- Investment management examination hot buttons
- New developments in insurance products
- 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 these regulatory matters, as well as about business topics such as developments of new financial products and services.
What you will learn
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.
Day One: 9:00 am - 4:30 pm
Morning Session: 9:00 am - 12:00 pm
9:00 Introduction and Welcome
Barry P. Barbash and Paul F. Roye
9:15 Keynote Talk
David W. Grim, Deputy 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, David W. Grim, Paul F. Roye
10:45 Networking Break
11:00 Other Regulatory Regimes Affecting the Investment Management Industry
- CTFC 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 pm - 4:30 pm
1:15 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, Tram N. Nguyen
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, Lori A. Richards
3:15 Networking Break
3:30 Hot Topics in Insurance Products and Services
- New volatility controlled/ hedged insurance product funds
- Variable annuity summary prospectus and other disclosure prospects and projects
- Indexed product litigation and registrations
- The new Federal Office of Insurance and its role in insurance regulation
Moderator: Gary O. Cohen
William J. Kotapish, Stephen E. Roth
4:30 Adjourn
Day Two: 9:00 am - 12:45 pm
9:00 Litigation
- 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
James N. Benedict, Lori A. Martin
10:15
The Continuing Specter of Enforcement
- Current SEC enforcement themes
- Current FINRA enforcement themes
- Coordination among the enforcers
Moderator: Barry P. Barbash
J. Bradley Bennett, David A. Chaves, Julie M. Riewe
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 ~ Deputy Director, Office of Compliance Inspections and Examinations, U.S. Securities and Exchange Commission
David A. Chaves ~ Securities Program Coordinator, Federal Bureau of Investigation
David W. Grim ~ Deputy Director, Division of Investment Management, U.S. Securities and Exchange Commission
Philip L. Kirstein ~ Senior Officer & Independent Compliance Officer Mutual Funds, AllianceBernstein
William J. Kotapish ~ Assistant Director; Office of Insurance Products, U.S. Securities and Exchange Commission
Tram N. Nguyen ~ Branch Chief, Private Funds Branch, Division of Investment Management, U.S. Securities and Exchange Commission
Lori Richards ~ Principal, Regulatory Services, PricewaterhouseCoopers LLP
Julie M. Riewe ~ Deputy Chief, Asset Management Unit, Division of Enforcement, U.S. Securities and Exchange Commission
Thomas M. Selman ~ Executive Vice President, Regulatory Policy, Financial Industry Regulatory Authority (FINRA)
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
The New York Hilton & Towers1335 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 0495741. You can also
make reservations online 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
Sheraton New York Hotel & Towers, 811 7th Avenue, New York, NY 10019, 1-800-325-3535 or (212) 581-1000. When calling, please mention Practising Law Institute and mention SET#311155. You may also book
online.
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Please check the CLE Calculator above each product description for CLE information specific to your state.
Special Note: In New York, newly admitted attorneys may receive CLE credit only for attendance at "transitional" programs during their first two years of admission to the Bar. Non-traditional course formats such as on-demand web programs or recorded items, are not acceptable for CLE credit. Experienced attorneys may choose to attend and receive CLE credit for either a transitional course or for one geared to experienced attorneys. All product types, including on-demand web programs and recorded items, are approved for experienced attorneys.
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.
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