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Nuts & Bolts of Financial Products 2008: Understanding the Evolving World of Capital Market and Investment Management Products
Released on: Mar. 10, 2008Running Time: 12:26:06.00
Overview
Special Note - New York Transitional credit for this program is only available to New York licensed attorneys practicing law outside the U.S.
CDOs and other securities demonstrates how hard it may be to value these assets and to understand the way they reallocate risk throughout the markets. While these instruments are invaluable investment tools and have presented enormous potential for product manufacturers and investors, they can create potentially significant legal risks and challenges for legal counsel and end-users, especially in the post Sarbanes-Oxley regulatory climate. The structuring and distribution of these products raise complex legal issues that straddle traditional areas of legal practice involving multiple regulations. Market participants and their counsel need to understand how these products work, their advantages and disadvantages in order to implement appropriate management controls and comply with the legal requirements. Further, the conference will review the evolving mutual fund regulatory framework and the legal and compliance challenges that are posed by this new framework.
Lecture Topics [Total time 12:26:06]
Segments with an asterisk (*) are available only with the purchase of the entire program.
- Laying the Foundation, Part I - The Creation and Use of Capital Market and Investment Management Products [01:16:20]
A. Gregory, R. Risoleo - Laying the Foundation, Part II - The distribution of Capital Market and Investment Management Products [00:57:27]
- J. Cocchiarella, R. Risoleo
- The View from the SEC [00:59:14]
M. Webb - Introduction to Investment Management Vehicles and Mutual Funds [01:31:29]
W. Faria, C. Kirsch, L.B. Kleiman - Alternative Investment Management Vehicles [01:34:18]
C. Kirsch, S. Lederman, B. Strench, A. Poe - Securitized Products [00:59:53]
G. Barnett - Capital Markets Products [01:02:42]
K. Josselyn, R. Ostrander, R. Risoleo and R. Simmons - Accounting Issues [01:02:38]
J. Patdu - Tax Issues [01:01:42]
D. Garlock - Derivatives Products [02:00:23]
B. Fuqua, R. Ostrander, R. Simmons, K. Summe
- Issuer Share Repurchases: Derivative Strategies
Bruce K. Dallas - Federal Register, Securities And Exchange Commission; 17CFR Parts 210, 228, ET AL. Assetbacked Securities; Final Rule, January 7, 2005
- The Nuts And Bolts Of Unit Investment Trusts ( Or Why A UIT Is Not A Mutual Fund )
Laurin Blumenthal Kleiman - Basic Structural, Legal And Regulatory Features Of Mutual Funds
David A. Hearth, Mark Perlow - Hedge Funds
Scott J. Lederman - The Nuts And Bolts Of Wrap Fee Programs
Alexandra Poe - Seperate Accounts - A Guide To Agreements, Investment Guidelines And Marketing Material
Roberta R.W. Kameda - An Introduction To U.S. ETFs
Ira P. Shapiro - Hedge Fund Regulation
James J. Frolik - Variable Annuity Basics
Walter R. Burkley - Understanding CDOs
- CDO Equity Funds
Gary Barnett - Collateralized Fund Obligations : An Example Of A Securitization Of Private Equity Fund Investments ( CFO )
Gary Barnett - Collateralized Commodity Trigger Swap Obligation (CCO)
Gary Barnett - Structured Investment Vehicles
Gary Barnett - Synthetic Securitization And The Use Of Derivatives In Securitizations
Gary Barnett - Synthetic Securitizations And The Use Of Derivatives In Securitizations Part II
Gary Barnett - Accounting Issues Affecting The Financial Services Market
James Patdu - Nuts & Bolts Of Financial Products 2008 - Tax Issues
David C. Garlock - Documenting OTC Derivative Transactions
Bert Fuqua - Overview Of Markets ( Powerpoint )
Alison M. Gregory - Accounting Issues Affecting The Financial Service Market ( Powerpoint )
James Patdu - Nuts & Bolts Of Financial Products 2008 - Tax Issues ( Powerpoint )
David C. Garlock - Documenting OTC Derivative Transactions ( Powerpoint )
Bert Fuqua - Index To Nuts & Bolts Of Financial Products 2008: Understanding The Evolving World Of Capital Market And Investment Management Products
- Overview of Markets
Alison Gregory - Introduction to Investment Management Vehicles and Mutual Funds
Clifford E. Kirsch, Laurin Blumenthal Kleiman, Wendell M. Faria - Understanding the Evolving World of Capital Market and Investment Management Products
Bibb L. Strench - Accounting Issues Affecting the Financial Services Market
James Patdu - Tax Issues
David C. Garlock - Regulation of Derivatives and Structured Products
Bert Fuqua - Synthetic CDOs
Rebecca J. Simmons - Credit Issues in Swaps and Derivatives
Rebecca J. Simmons - Distribution of Capital Market and Investment Management Products
John C. Cocchiarella - Laying The Foundation - Capital Markets Products
Robert S. Risoleo - Automatic Preferred Equity Capital Securities (APEX)
Robert S. Risoleo - Fixed Income Structured Products
Richard Ostrander - Securitized Products: Introduction To Securitization; CDOs, ABCS, SIVs, Auction Rate Notes, and the Current Market Crisis
Gary Barnett - Fixed Income Structured Products
Richard Ostrander - Accounting Issues Affecting The Financial Services Market
James Patdu - Hedge Funds
Scott J. Lederman - Legal Issues Relating to Offerings of 'Securitized Derivatives'
Kenneth L. Josselyn
Faculty
Co-Chair(s)
Clifford E. Kirsch, SutherlandRobert S. Risoleo, Sullivan & Cromwell LLP
Speaker(s)
Gary Barnett, Linklaters LLPJohn C. Cocchiarella, Director and Counsel, Citi Institutional Clients Group
Wendell M. Faria, Paul, Hastings, Janofsky & Walker LLP
Bert Fuqua, Managing Director and Counsel, UBS Investment Bank
David C. Garlock, Director of Financial Products -- Transaction Tax, Ernst & Young LLP
Alison Gregory, Head of Enterprise Risk Management, GlobeOp Financial Services LLC
Kenneth L. Josselyn, Managing Director, General Counsel - Finance and Corporate, Goldman, Sachs & Co.
Laurin Blumenthal Kleiman, Sidley Austin LLP
Scott J. Lederman, Managing Director, Grosvenor Capital Management, L.P.
Richard A. Ostrander, Managing Director, Morgan Stanley
James Patdu, Manager, KPMG LLP
Alexandra Poe, Wilmer Cutler Pickering Hale and Dorr LLP
Rebecca J. Simmons, Sullivan & Cromwell LLP
Bibb L. Strench, Sutherland
Kimberly Anne Summe, Managing Director, Barclays Capital
Max A. Webb, Assistant Director, Office of Structured Finance, Transportation & Leisure, U.S. Securities and Exchange Commission
Program Attorney(s)
Danielle T. Bersofsky, Program Attorney, Practising Law InstituteCLE Credit
PLI makes every effort to accredit its CLE Now (On-Demand Web Programs) and Segments. Please check the CLE Calculator above for CLE information specific to your state.
CLE Now (On-Demand Web Programs) and Segments are approved in: Alabama1, Alaska, Arizona, California, Colorado, Delaware, Florida, Georgia, Hawaii, Idaho*, Illinois , Iowa2*, Kansas3, Kentucky*, Louisiana, Maine*, Mississippi, Missouri4, Montana, Nebraska, North Carolina, North Dakota, Nevada, New Hampshire5, New Jersey, New Mexico, New York6, Ohio7, Oklahoma8, Oregon*, Pennsylvania9, Rhode Island10, South Carolina, Tennessee11, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin12 and Wyoming*.
Minnesota approves live webcasts ONLY
*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.
3Kansas: An on-demand web program may be viewed individually if a qualified person is in attendance, personally or by telephone, to comment and answer questions. There is a 5.0 credit limit per year for this type of viewing.
4Missouri: 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.
5New Hamphsire: The approval is for three years from recorded date.
6New York: Newly admitted attorneys may not take non-transitional 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.
7Ohio: 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.
8Oklahoma: Up to 3 credits may be earned each year through computer-based or technology-based legal education programs.
9Pennsylvania: 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.
10Rhode Island: Audio Only On-Demand Web Programs are not approved for credit. On-Demand Web Programs must have an audio and video component.
11Tennessee: The approval is for the calendar year in which the live program was presented.
12Wisconsin: 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.
Running time and CLE credit hours are not necessarily the same. Please be aware that many states do not permit credit for luncheon 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.
Calculate Credits 
Credit Status: Approved
Transitional: Yes outside of US
Total Credits: 14.50
Professional Practice: 14.50
Continuing Legal Education since 1933.
