Seminar  Program

Alternative Finance Summit 2018: Marketplace Lending, Cryptocurrency and Crowdfunding


Select a Location:

Why You Should Attend

Alternative finance continues to drive significant engagement with the investment community.  But it also raises many more questions than answers, such as:   

  • What does the future hold for marketplace lending, cryptocurrency and crowdfunding?  Will it be a boom or bust? 
  • Will ICOs displace traditional capital-raising? 
  • Will blockchain technology and distributed ledger technology supplant traditional centralized broker-dealers and clearing with respect to tokens and cryptocurrencies? 
  • Will Marketplace Lending continue to add significant volume with consolidation on the rise? 
  • Will Marketplace Lending finally have a principal regulator or will it continue to have its heels nipped by a patchwork of state and federal rulemakers and the courts?
  • Will Regulation A+ mature into the capital-raising potential many predicted?
  • Will Regulation CF crowdfunding become the preferred method of capital-raising for the sub-$1 million category?
  • What is the proper role of governments- state and federal- and the courts in keeping the industry honest? 

Join us for this one of a kind event to hear from the leading industry lawyers, dealmakers and decision-makers on where we are now and where we may be headed.

What You Will Learn

  • Update from Washington and State House on developments in regulating cryptocurrency, crowdfunding and alternative finance
  • ICOs after the DAO Report -  Why you and your Clients need to be careful
  • Impact of the JOBS Act six years later on crowdfunding and capital-raising 
  • How to execute a proper Regulation A+ and crowdfunding transaction
  • OCC special purpose Fintech charters and other innovative initiatives
  • What is the latest on efforts to “fix” or contain the Madden v. Midland funding decision
  • Fund structures and issues with investing in alternative finance
  • Spotlight on real estate marketplace lending, crowdfunding and alternative home finance

Who Should Attend

This program is designed for in-house attorneys and outside counsel, and other allied professionals advising on financing and technology developments affecting the financial investment industry.

Program Level: Overview

Intended Audience: This program is designed for in-house attorneys and outside counsel, and other allied professionals advising on financing and technology developments affecting the financial investment industry.

Prerequisites: An interest in alternative financing and new technology. 

Advanced Preparation: None 


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.

9:00 Opening Remarks

Brian S. Korn



9:10 The JOBS Act Six Years Out: Washington and State House Developments in Crowdfunding and Alternative Finance
  • SEC rulemaking to refine crowdfunding and private placement procedures
  • Advertised private placements – report from the trenches
  • Fix Crowdfunding Act and other possible legislative developments
  • FINRA funding portal application and differences from broker-dealer applications
  • Regulatory enforcement priorities

Joseph P. Borg, Sara Hanks, Amy Reischauer



10:10 Spotlight on Regulation A+: Seed Finance, Mini-IPOs, eREITS and Debt Offerings (Oh My!)
  • Overview of Regulation A+
  • Tier I – How tough is the state review? 
  • NASAA Coordinated Review
  • State Blue Sky issues
  • Straight to Listing or “Reg A for life”; Reg A IPO vs. Traditional IPO
  • Debt offerings
  • eREITs -- are they for everyone?

Faith L. Anderson, Nick Bhargava, Sara Hanks, Anthony J. Zeoli



11:10 Networking Break

11:25 Hot (Legal and Regulatory) Topics in Marketplace Lending
  • Banking regulations and the “front end”: the lender license, rate exportation and usury laws
  • OCC special purpose fintech charters: are we going to see it happen?
  • Bank partnerships vs. state licensing
  • Role of CFPB, OCC and other regulators: who’s in charge here?
  • Latest on Colorado and state attorneys general matters
  • Madden v. Midland case, state follow-on cases, circuit splits and impact on MPL structures
  • CashCall, Bill Me Later, Bethune and the  "true lender" cases
  • Tribal funding legal structures: what works and what does not?

Arlen W. Gelbard, Preetha P. Gist, Michael Nonaka, Brian K. Victor



12:25 Lunch

1:30 Securitization and Secondary Markets For Marketplace Lending
  • Securitization issues after Madden
  • Asset models and loan-level disclosure; verification
  • “Skin in the game” and impact on risk retention requirements; Will loosening risk retention come to MPL?
  • Role of rating agencies
  • Controlling defaults and prepayments: yield protection
  • Secondary markets and the regulation of loan trading
  • Loan trading process: clearing and custody issues
  • Will we start to see loan auctions?

Claudia Callaway, Henry G. Morriello, Timothy K. Saunders Jr.



2:15 Developments in Warehouse Facilities, Loan Purchase Facilities and Small Business Lending
  • Issues in commercial lending, including licensing, custody and servicing
  • Due diligence in commercial lending
  • The personal guaranty -- what’s it really worth and is it enforceable?
  • Warehouse lines, forward flow agreements and other marketplace lending finance structures
  • SPV issues and the true sale and non-consolidation opinions; Are they correct?
  • Guaranties in platform lending: performance or bad actor?

Frank R. Borchert III, Patrick D. Dolan, Brian Foley, Lenny Giltman



3:00 Networking Break

3:15 Blockchain, Tokens and Cryptocurrrencies: Latest developments
  • What is blockchain?  What are Bitcoin, Ethereum and Litecoin?
  • Are tokens securities?
  • Can any business really be tokenized?
  • Is distributed ledger antithetical to responsible investing?
  • Are private placements the answer?
  • Regulation S offshore transactions to the rescue?
  • The SEC directive to attorneys regarding taking contrary or “equivocating” views to the SEC staff regarding securities status of tokens:  Rigorous representation of clients vs. sanctions and disbarment -- a fair trade-off?

Katherine J. Blair, Lewis R. Cohen, Gregory J. Nowak, Amy Wan



4:15 Enforcement with Respect to Token and Cryptocurrency Exchanges after Dao and Munchee
  • The Bulletin Board exception
  • Are all exchanges at risk if they are not broker-dealers?
  • Is a money transmitter license sufficient?
  • Regulating ICOs and token offerings
  • Are exchanges required to be broker-dealers?  Other licenses required to operate a token exchange
  • Regulatory activities
  • Enforcement priorities:  Is any unregistered offering safe?

N. Adele Hogan, Lee A. Schneider, Nancy H. Wojtas



5:15 Adjourn

Chairperson(s)
Brian S. Korn ~ Manatt, Phelps & Phillips, LLP
Speaker(s)
Faith L. Anderson ~ Chief of Registration & Regulatory Affairs, Washington Department of Financial Institutions, Securities Division
Nick Bhargava ~ Co-Founder, Groundfloor Finance Inc.
Katherine J. Blair ~ Manatt, Phelps & Phillips, LLP
Frank R. Borchert, III ~ MD, General Counsel & Secretary, Marlette Funding, LLC
Joseph P. Borg ~ Director, Alabama Securities Commission, President, North American Securities Administrators Association
Claudia Callaway ~ Katten Muchin Rosenman LLP
Lewis R. Cohen ~ DLx Law LLP
Patrick D. Dolan ~ Norton Rose Fulbright US LLP
Brian Foley ~ Managing Director, Macquarie Group
Arlen W. Gelbard ~ EVP, General Counsel, Cross River Bank
Lenny Giltman ~ Managing Director, Structured Finance, Kroll Bond Rating Agency, Inc.
Preetha P. Gist ~ Chapman and Cutler LLP
Sara Hanks ~ Co-Founder and Chief Executive Officer, CrowdCheck, Inc.
N. Adele Hogan ~ Baker Tilly Virchow Krause, LLP
Henry G. Morriello ~ Arnold & Porter
Michael Nonaka ~ Covington & Burling LLP
Gregory J. Nowak ~ Pepper Hamilton LLP
Amy Reischauer ~ Special Counsel, Office of Small Business Policy, Division of Corporation Finance, U.S. Securities and Exchange Commission
Timothy K. Saunders Jr. ~ Managing Director & Associate General Counsel, Goldman Sachs
Lee A. Schneider ~ General Counsel, Block.One
Brian K. Victor ~ Vice President & Associate General Counsel, Social Finance, Inc.
Amy Wan ~ Co-Founder and CEO, Sagewise
Nancy H. Wojtas ~ Cooley LLP
Anthony J. Zeoli ~ Freeborn & Peters LLP
Program Attorney(s)
Grace E. O'Hanlon ~ Senior Program Attorney, Practising Law Institute

New York City Seminar Location

PLI New York Center
, 1177 Avenue of the Americas, (2nd floor), entrance on 45th Street, New York, New York 10036. (800) 260-4754.

New York City Hotel Accommodations

Crowne Plaza Times Square Manhattan, 1605 Broadway (48th Street), New York, NY 10019 (212) 977-4000. When calling, mention Practising Law Institute. You can also make reservations online to access PLI's rates.

The Muse, 130 West 46th Street, New York, NY 10036. Please call reservations at 1-800-546-7866. When calling, please mention Practising Law Institute and Corporate Rate ID 786839408. In addition, you can book online at PLI Muse Hotel

Millennium Broadway Hotel, 145 West 44th Street, New York, NY 10036. Please call reservations at 1-800-622-5569. When calling, please mention Practising Law Institute. In addition, you can book online at PLI Millennium Hotel .

 Hyatt Times Square, 135 W. 45th Street, New York, NY 10036. For reservations, please call (646) 364-1234. When calling mention rate code CR56218 or Practising Law Institute.

General credit information about this format appears below. For credit information specific to this program, please choose your jurisdiction(s) in the Credit Information box on the right-hand side of this page.


U.S. MCLE States

Alabama: PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Alaska:  All PLI products can fulfill Alaska’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Arizona:  PLI’s live seminars qualify as “interactive CLE” credit. There is no limit to the number of credits an attorney can earn via interactive CLE programs.

Arkansas:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

California:  PLI’s live seminars qualify as “participatory” credit. There is no limit to the number of credits an attorney can earn via participatory programs.

Colorado:  All PLI products can fulfill Colorado’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Connecticut: Effective January 1, 2017, all PLI products can fulfill Connecticut’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Delaware:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Florida:  All PLI products can fulfill Florida’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Georgia:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Hawaii:  All PLI products can fulfill Hawaii’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Idaho:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Illinois: All PLI products can fulfill Illinois' CLE requirements for experienced attorneys. There is no limit to the number of credits an attorney can earn via PLI products.

Indiana:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Iowa:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Kansas:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live programs.

Kentucky:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Louisiana:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Maine:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Minnesota:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Mississippi:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Missouri:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Montana:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Nebraska:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Nevada:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

New Hampshire:  All PLI products can fulfill New Hampshire’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

New Jersey:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

New Mexico:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

New York

Experienced Attorneys:  All PLI products can fulfill New York’s CLE requirements for experienced attorneys. There is no limit to the number of credits an attorney can earn via PLI products.

Newly Admitted Attorneys:  PLI’s transitional live seminars can be used to fulfill the requirements for newly admitted attorneys. All credit categories may be earned via transitional live seminars.

North Carolina:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars

North Dakota:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Ohio:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Oklahoma:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Oregon:  All PLI products can fulfill Oregon’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Pennsylvania: PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Puerto Rico:  All PLI products can fulfill Puerto Rico’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Rhode Island:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

South Carolina:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Tennessee:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Texas:  All PLI products can fulfill Texas’ CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Utah:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Vermont:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Virgin Islands:  All PLI products can fulfill the Virgin Islands’ CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Virginia:  PLI’s live seminars qualify as “live interactive” credit. There is no limit to the number of credits an attorney can earn via live interactive programs.

Washington:  All PLI products can fulfill Washington’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

West Virginia:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Wisconsin:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Wyoming:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

CPD Jurisdictions

British Columbia (CPD-BC):  PLI’s live seminars qualify as “real-time” credit. There is no limit to the number of credits an attorney can earn via real-time programs.

Ontario (CPD-ON):  PLI’s live seminars qualify as “interactive” credit. There is no limit to the number of credits an attorney can earn via interactive programs.

Quebec (CPD-QC): PLI’s live seminars can fulfill Quebec’s CPD requirements.

Hong Kong (CPD-HK):  PLI’s live seminars qualify as “live” credit. There is no limit to the number of points an attorney can earn via live seminars.

United Kingdom (CPD-UK):  PLI’s live seminars can fulfill the United Kingdom’s CPD requirements.

Australia (CPD-AUS):  PLI’s live seminars qualify as “live” credit in all Australian jurisdictions. There is no limit to the number of credits an attorney can earn via live seminars.

Alberta (CPD-ALBERTA):  All PLI products can fulfill Alberta’s CPD requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Dubai (CLPD-DUBAI):  PLI’s live seminars may fulfill CLPD credit requirements.

Other Credit Types

CPE Credit (NASBA): PLI’s live seminars qualify as the “Group-Live” delivery method. Please check the Credit Information box on the right-hand side of this page to verify CPE credit availability.

IRS Continuing Education (IRS-CE): PLI’s live seminars may fulfill IRS-CE requirements. To request IRS-CE credit, please notify PLI at plicredits@pli.edu of your request and include your Preparer Tax Identification Number (PTIN).

Certified Fraud Examiner CPE:  PLI’s live seminars may fulfill Certified Fraud Examiner CPE requirements. To request CPE credit or find out which programs offer CPE, please contact PLI at plicredits@pli.edu.

IAPP Continuing Privacy Credit (CPE):  PLI’s live seminars may fulfill Privacy CPE credit requirements.

HR Recertification (HRCI):  PLI’s live seminars may fulfill HR credit requirements.

SHRM Recertification (SHRM):  PLI’s live seminars qualify as "instructor-led" credit. There is no limit to the number of credits an SHRM professional can earn via instructor-led programs.

Compliance Certification Board (CCB):  PLI’s live seminars qualify as “live” training events. There is no limit to the number of credits a candidate or certification holder can earn via live programs.

Certified Anti-Money Laundering Specialists (CAMS):  PLI’s live seminars may fulfill CAMS credit requirements.

New York State Social Worker Continuing Education (SW CPE):  PLI’s live seminars may fulfill SW CPE credit requirements.

American Bankers Association Professional Certification (ABA):  PLI’s live seminars may fulfill ABA credit requirements.

Certified Financial Planners (CFP):  PLI’s live seminars may fulfill CFP credit requirements.

 

Why You Should Attend

Alternative finance continues to drive significant engagement with the investment community.  But it also raises many more questions than answers, such as:   

  • What does the future hold for marketplace lending, cryptocurrency and crowdfunding?  Will it be a boom or bust? 
  • Will ICOs displace traditional capital-raising? 
  • Will blockchain technology and distributed ledger technology supplant traditional centralized broker-dealers and clearing with respect to tokens and cryptocurrencies? 
  • Will Marketplace Lending continue to add significant volume with consolidation on the rise? 
  • Will Marketplace Lending finally have a principal regulator or will it continue to have its heels nipped by a patchwork of state and federal rulemakers and the courts?
  • Will Regulation A+ mature into the capital-raising potential many predicted?
  • Will Regulation CF crowdfunding become the preferred method of capital-raising for the sub-$1 million category?
  • What is the proper role of governments- state and federal- and the courts in keeping the industry honest? 

Join us for this one of a kind event to hear from the leading industry lawyers, dealmakers and decision-makers on where we are now and where we may be headed.

What You Will Learn

  • Update from Washington and State House on developments in regulating cryptocurrency, crowdfunding and alternative finance
  • ICOs after the DAO Report -  Why you and your Clients need to be careful
  • Impact of the JOBS Act six years later on crowdfunding and capital-raising 
  • How to execute a proper Regulation A+ and crowdfunding transaction
  • OCC special purpose Fintech charters and other innovative initiatives
  • What is the latest on efforts to “fix” or contain the Madden v. Midland funding decision
  • Fund structures and issues with investing in alternative finance
  • Spotlight on real estate marketplace lending, crowdfunding and alternative home finance

Who Should Attend

This program is designed for in-house attorneys and outside counsel, and other allied professionals advising on financing and technology developments affecting the financial investment industry.

Program Level: Overview

Intended Audience: This program is designed for in-house attorneys and outside counsel, and other allied professionals advising on financing and technology developments affecting the financial investment industry.

Prerequisites: An interest in alternative financing and new technology. 

Advanced Preparation: None 


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.

9:00 Opening Remarks

Brian S. Korn



9:10 The JOBS Act Six Years Out: Washington and State House Developments in Crowdfunding and Alternative Finance
  • SEC rulemaking to refine crowdfunding and private placement procedures
  • Advertised private placements – report from the trenches
  • Fix Crowdfunding Act and other possible legislative developments
  • FINRA funding portal application and differences from broker-dealer applications
  • Regulatory enforcement priorities

Joseph P. Borg, Sara Hanks, Amy Reischauer



10:10 Spotlight on Regulation A+: Seed Finance, Mini-IPOs, eREITS and Debt Offerings (Oh My!)
  • Overview of Regulation A+
  • Tier I – How tough is the state review? 
  • NASAA Coordinated Review
  • State Blue Sky issues
  • Straight to Listing or “Reg A for life”; Reg A IPO vs. Traditional IPO
  • Debt offerings
  • eREITs -- are they for everyone?

Faith L. Anderson, Nick Bhargava, Sara Hanks, Anthony J. Zeoli



11:10 Networking Break

11:25 Hot (Legal and Regulatory) Topics in Marketplace Lending
  • Banking regulations and the “front end”: the lender license, rate exportation and usury laws
  • OCC special purpose fintech charters: are we going to see it happen?
  • Bank partnerships vs. state licensing
  • Role of CFPB, OCC and other regulators: who’s in charge here?
  • Latest on Colorado and state attorneys general matters
  • Madden v. Midland case, state follow-on cases, circuit splits and impact on MPL structures
  • CashCall, Bill Me Later, Bethune and the  "true lender" cases
  • Tribal funding legal structures: what works and what does not?

Arlen W. Gelbard, Preetha P. Gist, Michael Nonaka, Brian K. Victor



12:25 Lunch

1:30 Securitization and Secondary Markets For Marketplace Lending
  • Securitization issues after Madden
  • Asset models and loan-level disclosure; verification
  • “Skin in the game” and impact on risk retention requirements; Will loosening risk retention come to MPL?
  • Role of rating agencies
  • Controlling defaults and prepayments: yield protection
  • Secondary markets and the regulation of loan trading
  • Loan trading process: clearing and custody issues
  • Will we start to see loan auctions?

Claudia Callaway, Henry G. Morriello, Timothy K. Saunders Jr.



2:15 Developments in Warehouse Facilities, Loan Purchase Facilities and Small Business Lending
  • Issues in commercial lending, including licensing, custody and servicing
  • Due diligence in commercial lending
  • The personal guaranty -- what’s it really worth and is it enforceable?
  • Warehouse lines, forward flow agreements and other marketplace lending finance structures
  • SPV issues and the true sale and non-consolidation opinions; Are they correct?
  • Guaranties in platform lending: performance or bad actor?

Frank R. Borchert III, Patrick D. Dolan, Brian Foley, Lenny Giltman



3:00 Networking Break

3:15 Blockchain, Tokens and Cryptocurrrencies: Latest developments
  • What is blockchain?  What are Bitcoin, Ethereum and Litecoin?
  • Are tokens securities?
  • Can any business really be tokenized?
  • Is distributed ledger antithetical to responsible investing?
  • Are private placements the answer?
  • Regulation S offshore transactions to the rescue?
  • The SEC directive to attorneys regarding taking contrary or “equivocating” views to the SEC staff regarding securities status of tokens:  Rigorous representation of clients vs. sanctions and disbarment -- a fair trade-off?

Katherine J. Blair, Lewis R. Cohen, Gregory J. Nowak, Amy Wan



4:15 Enforcement with Respect to Token and Cryptocurrency Exchanges after Dao and Munchee
  • The Bulletin Board exception
  • Are all exchanges at risk if they are not broker-dealers?
  • Is a money transmitter license sufficient?
  • Regulating ICOs and token offerings
  • Are exchanges required to be broker-dealers?  Other licenses required to operate a token exchange
  • Regulatory activities
  • Enforcement priorities:  Is any unregistered offering safe?

N. Adele Hogan, Lee A. Schneider, Nancy H. Wojtas



5:15 Adjourn

Chairperson(s)
Brian S. Korn ~ Manatt, Phelps & Phillips, LLP
Speaker(s)
Faith L. Anderson ~ Chief of Registration & Regulatory Affairs, Washington Department of Financial Institutions, Securities Division
Nick Bhargava ~ Co-Founder, Groundfloor Finance Inc.
Katherine J. Blair ~ Manatt, Phelps & Phillips, LLP
Frank R. Borchert, III ~ MD, General Counsel & Secretary, Marlette Funding, LLC
Joseph P. Borg ~ Director, Alabama Securities Commission, President, North American Securities Administrators Association
Claudia Callaway ~ Katten Muchin Rosenman LLP
Lewis R. Cohen ~ DLx Law LLP
Patrick D. Dolan ~ Norton Rose Fulbright US LLP
Brian Foley ~ Managing Director, Macquarie Group
Arlen W. Gelbard ~ EVP, General Counsel, Cross River Bank
Lenny Giltman ~ Managing Director, Structured Finance, Kroll Bond Rating Agency, Inc.
Preetha P. Gist ~ Chapman and Cutler LLP
Sara Hanks ~ Co-Founder and Chief Executive Officer, CrowdCheck, Inc.
N. Adele Hogan ~ Baker Tilly Virchow Krause, LLP
Henry G. Morriello ~ Arnold & Porter
Michael Nonaka ~ Covington & Burling LLP
Gregory J. Nowak ~ Pepper Hamilton LLP
Amy Reischauer ~ Special Counsel, Office of Small Business Policy, Division of Corporation Finance, U.S. Securities and Exchange Commission
Timothy K. Saunders Jr. ~ Managing Director & Associate General Counsel, Goldman Sachs
Lee A. Schneider ~ General Counsel, Block.One
Brian K. Victor ~ Vice President & Associate General Counsel, Social Finance, Inc.
Amy Wan ~ Co-Founder and CEO, Sagewise
Nancy H. Wojtas ~ Cooley LLP
Anthony J. Zeoli ~ Freeborn & Peters LLP
Program Attorney(s)
Grace E. O'Hanlon ~ Senior Program Attorney, Practising Law Institute
General credit information about this format appears below. For credit information specific to this program, please choose your jurisdiction(s) in the Credit Information box on the right-hand side of this page.

PLI’s live and on-demand webcasts are single-user license products intended for an individual registrant only. Credit will be issued only to the individual registered. If two or more individuals wish to participate in a webcast and receive credit, PLI would be happy to provide a Groupcast – group viewing of a webcast. To schedule a Groupcast, please contact PLI at groupcasts@pli.edu.


U.S. MCLE States

Alabama:  PLI’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

Alaska:  All PLI products can fulfill Alaska’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Arizona:  PLI’s live webcasts qualify as “interactive CLE” credit. There is no limit to the number of credits an attorney can earn via interactive CLE programs.

Arkansas:  PLI’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

California:  PLI’s live webcasts qualify as “participatory” credit. There is no limit to the number of credits an attorney can earn via participatory programs.

Colorado:  All PLI products can fulfill Colorado’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Connecticut: Effective January 1, 2017, all PLI products can fulfill Connecticut’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Delaware:  PLI’s live webcasts qualify as “eCLE” credit. Attorneys are limited to 12 credits of eCLE per reporting period.

Florida:  All PLI products can fulfill Florida’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Georgia:  PLI’s live webcasts qualify as “in-house” credit. Attorneys are limited to 6 in-house credits per reporting period.

Hawaii:  All PLI products can fulfill Hawaii’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Idaho:  PLI’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

Illinois:  All PLI products can fulfill Illinois' CLE requirements for experienced attorneys. There is no limit to the number of credits an attorney can earn via PLI products.

Indiana:  PLI’s live webcasts qualify as “distance education” credit. Attorneys are limited to 9 credits of distance education per reporting period.

Iowa:  PLI’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

Kansas:  PLI’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

Kentucky:  PLI’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

Louisiana:  PLI’s live webcasts qualify as “self-study” credit. Attorneys are limited to 4 credits of self-study per reporting period.

Maine:  PLI’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

Minnesota:  PLI’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

Mississippi:  PLI’s live webcasts qualify as “distance learning” credit. Attorneys are limited to 6 credits of distance learning per reporting period.

Missouri:  PLI’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

Montana:  PLI’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

Nebraska:  PLI’s live webcasts qualify as “computer-based learning” credit. Attorneys are limited to 5 credits of computer-based learning per reporting period.

Nevada:  PLI’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

New Hampshire:  All PLI products can fulfill New Hampshire’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

New Jersey:  PLI’s live webcasts qualify as “alternative verifiable learning formats” credit. Attorneys are limited to 12 credits of alternative verifiable learning formats per reporting period.

New Mexico:  PLI’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

New York

Experienced Attorneys:  All PLI products can fulfill New York’s CLE requirements for experienced attorneys. There is no limit to the number of credits an attorney can earn via PLI products.

Newly Admitted Attorneys:  PLI’s transitional live webcasts can be used to fulfill the requirements for New York newly admitted attorneys. Ethics credit, professional practice credit, and law practice management credit may be earned via transitional live webcasts. Skills credits may not be earned via live webcasts.

North Carolina:  PLI’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

North Dakota:  PLI’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

Ohio:  PLI’s live webcasts qualify as “self-study” credit. Attorneys are limited to 12 credits of self-study per reporting period.

Oklahoma:  PLI’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

Oregon:  All PLI products can fulfill Oregon’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Pennsylvania:  PLI’s live webcasts qualify as “distance learning” credit. Attorneys are limited to 6 credits of distance learning per reporting period.

Puerto Rico:  All PLI products can fulfill Puerto Rico’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Rhode Island:  PLI’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

South Carolina:  PLI’s live webcasts qualify as “alternatively delivered” credit. Attorneys are limited to 6 credits of alternatively delivered programs per reporting period.

Tennessee:  PLI’s live webcasts qualify as “distance learning” credit. Attorneys are limited to 8 credits of distance learning per reporting period.

Texas:  All PLI products can fulfill Texas’ CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Utah:  PLI’s live webcasts qualify as “self-study” credit. Attorneys are limited to 12 credits of self-study per reporting period.

Vermont:  PLI’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

Virgin Islands:  All PLI products can fulfill the Virgin Islands’ CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Virginia:  PLI’s live webcasts qualify as “live interactive” credit. There is no limit to the number of credits an attorney can earn via live interactive programs.

Washington:  All PLI products can fulfill Washington’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

West Virginia:  PLI’s live webcasts qualify as “online” credit. Attorneys are limited to 12 credits of online instruction per reporting period.

Wisconsin:  PLI’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

Wyoming:  PLI’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

CPD Jurisdictions

British Columbia (CPD-BC):  PLI’s live webcasts qualify as “real-time” credit. There is no limit to the number of credits an attorney can earn via real-time programs.

Ontario (CPD-ON):  PLI’s live webcasts qualify as “interactive” credit. There is no limit to the number of credits an attorney can earn via interactive programs.

Quebec (CPD-QC):  PLI’s live webcasts can fulfill Quebec’s CPD requirements.

Hong Kong (CPD-HK):  PLI’s live webcasts qualify as “distance learning” credit. Attorneys are limited to 15 points of distance learning programs per reporting period.

United Kingdom (CPD-UK):  PLI’s live webcasts can fulfill the United Kingdom’s CPD requirements.

Australia (CPD-AUS):  PLI’s live webcasts may fulfill Australia’s CPD requirements. Credit limits for live webcasts vary according to jurisdiction. Please refer to your jurisdiction’s CPD information page for specifics.

Alberta (CPD-ALBERTA):  All PLI products can fulfill Alberta’s CPD requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Dubai (CLPD-DUBAI):  PLI’s live webcasts may fulfill CLPD credit requirements.

Other Credit Types

CPE Credit (NASBA):  PLI’s live webcasts qualify as the “Group-Internet-Based” (GIB) delivery method. Please check the Credit Information box on the right-hand side of this page to verify CPE credit availability.

IRS Continuing Education (IRS-CE):  PLI’s live webcasts may fulfill IRS-CE requirements. To request IRS-CE credit, please notify PLI at plicredits@pli.edu of your request and include your Preparer Tax Identification Number (PTIN).

Certified Fraud Examiner CPE:  PLI’s live webcasts may fulfill Certified Fraud Examiner CPE requirements. To request CPE credit or find out which programs offer CPE, please contact PLI at plicredits@pli.edu.

IAPP Continuing Privacy Credit (CPE):  PLI’s live webcasts may fulfill Privacy CPE credit requirements.

HR Recertification (HRCI):  PLI’s live webcasts may fulfill HR credit requirements.

SHRM Recertification (SHRM):  PLI’s live webcasts qualify as "instructor-led" credit. There is no limit to the number of credits an SHRM professional can earn via instructor-led programs.

Compliance Certification Board (CCB):  PLI’s live webcasts qualify as “live” training events. There is no limit to the number of credits a candidate or certification holder can earn via live programs.

Certified Anti-Money Laundering Specialists (CAMS):  PLI’s live webcasts may fulfill CAMS credit requirements.

New York State Social Worker Continuing Education (SW CPE):  PLI’s live webcasts may fulfill SW CPE credit requirements.

American Bankers Association Professional Certification (ABA):  PLI’s live webcasts may fulfill ABA credit requirements.

Certified Financial Planners (CFP):  PLI’s live webcasts may fulfill CFP credit requirements.

 

Why You Should Attend

Alternative finance continues to drive significant engagement with the investment community.  But it also raises many more questions than answers, such as:   

  • What does the future hold for marketplace lending, cryptocurrency and crowdfunding?  Will it be a boom or bust? 
  • Will ICOs displace traditional capital-raising? 
  • Will blockchain technology and distributed ledger technology supplant traditional centralized broker-dealers and clearing with respect to tokens and cryptocurrencies? 
  • Will Marketplace Lending continue to add significant volume with consolidation on the rise? 
  • Will Marketplace Lending finally have a principal regulator or will it continue to have its heels nipped by a patchwork of state and federal rulemakers and the courts?
  • Will Regulation A+ mature into the capital-raising potential many predicted?
  • Will Regulation CF crowdfunding become the preferred method of capital-raising for the sub-$1 million category?
  • What is the proper role of governments- state and federal- and the courts in keeping the industry honest? 

Join us for this one of a kind event to hear from the leading industry lawyers, dealmakers and decision-makers on where we are now and where we may be headed.

What You Will Learn

  • Update from Washington and State House on developments in regulating cryptocurrency, crowdfunding and alternative finance
  • ICOs after the DAO Report -  Why you and your Clients need to be careful
  • Impact of the JOBS Act six years later on crowdfunding and capital-raising 
  • How to execute a proper Regulation A+ and crowdfunding transaction
  • OCC special purpose Fintech charters and other innovative initiatives
  • What is the latest on efforts to “fix” or contain the Madden v. Midland funding decision
  • Fund structures and issues with investing in alternative finance
  • Spotlight on real estate marketplace lending, crowdfunding and alternative home finance

Who Should Attend

This program is designed for in-house attorneys and outside counsel, and other allied professionals advising on financing and technology developments affecting the financial investment industry.

Program Level: Overview

Intended Audience: This program is designed for in-house attorneys and outside counsel, and other allied professionals advising on financing and technology developments affecting the financial investment industry.

Prerequisites: An interest in alternative financing and new technology. 

Advanced Preparation: None 


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.

9:00 Opening Remarks

Brian S. Korn



9:10 The JOBS Act Six Years Out: Washington and State House Developments in Crowdfunding and Alternative Finance
  • SEC rulemaking to refine crowdfunding and private placement procedures
  • Advertised private placements – report from the trenches
  • Fix Crowdfunding Act and other possible legislative developments
  • FINRA funding portal application and differences from broker-dealer applications
  • Regulatory enforcement priorities

Joseph P. Borg, Sara Hanks, Amy Reischauer



10:10 Spotlight on Regulation A+: Seed Finance, Mini-IPOs, eREITS and Debt Offerings (Oh My!)
  • Overview of Regulation A+
  • Tier I – How tough is the state review? 
  • NASAA Coordinated Review
  • State Blue Sky issues
  • Straight to Listing or “Reg A for life”; Reg A IPO vs. Traditional IPO
  • Debt offerings
  • eREITs -- are they for everyone?

Faith L. Anderson, Nick Bhargava, Sara Hanks, Anthony J. Zeoli



11:10 Networking Break

11:25 Hot (Legal and Regulatory) Topics in Marketplace Lending
  • Banking regulations and the “front end”: the lender license, rate exportation and usury laws
  • OCC special purpose fintech charters: are we going to see it happen?
  • Bank partnerships vs. state licensing
  • Role of CFPB, OCC and other regulators: who’s in charge here?
  • Latest on Colorado and state attorneys general matters
  • Madden v. Midland case, state follow-on cases, circuit splits and impact on MPL structures
  • CashCall, Bill Me Later, Bethune and the  "true lender" cases
  • Tribal funding legal structures: what works and what does not?

Arlen W. Gelbard, Preetha P. Gist, Michael Nonaka, Brian K. Victor



12:25 Lunch

1:30 Securitization and Secondary Markets For Marketplace Lending
  • Securitization issues after Madden
  • Asset models and loan-level disclosure; verification
  • “Skin in the game” and impact on risk retention requirements; Will loosening risk retention come to MPL?
  • Role of rating agencies
  • Controlling defaults and prepayments: yield protection
  • Secondary markets and the regulation of loan trading
  • Loan trading process: clearing and custody issues
  • Will we start to see loan auctions?

Claudia Callaway, Henry G. Morriello, Timothy K. Saunders Jr.



2:15 Developments in Warehouse Facilities, Loan Purchase Facilities and Small Business Lending
  • Issues in commercial lending, including licensing, custody and servicing
  • Due diligence in commercial lending
  • The personal guaranty -- what’s it really worth and is it enforceable?
  • Warehouse lines, forward flow agreements and other marketplace lending finance structures
  • SPV issues and the true sale and non-consolidation opinions; Are they correct?
  • Guaranties in platform lending: performance or bad actor?

Frank R. Borchert III, Patrick D. Dolan, Brian Foley, Lenny Giltman



3:00 Networking Break

3:15 Blockchain, Tokens and Cryptocurrrencies: Latest developments
  • What is blockchain?  What are Bitcoin, Ethereum and Litecoin?
  • Are tokens securities?
  • Can any business really be tokenized?
  • Is distributed ledger antithetical to responsible investing?
  • Are private placements the answer?
  • Regulation S offshore transactions to the rescue?
  • The SEC directive to attorneys regarding taking contrary or “equivocating” views to the SEC staff regarding securities status of tokens:  Rigorous representation of clients vs. sanctions and disbarment -- a fair trade-off?

Katherine J. Blair, Lewis R. Cohen, Gregory J. Nowak, Amy Wan



4:15 Enforcement with Respect to Token and Cryptocurrency Exchanges after Dao and Munchee
  • The Bulletin Board exception
  • Are all exchanges at risk if they are not broker-dealers?
  • Is a money transmitter license sufficient?
  • Regulating ICOs and token offerings
  • Are exchanges required to be broker-dealers?  Other licenses required to operate a token exchange
  • Regulatory activities
  • Enforcement priorities:  Is any unregistered offering safe?

N. Adele Hogan, Lee A. Schneider, Nancy H. Wojtas



5:15 Adjourn

Chairperson(s)
Brian S. Korn ~ Manatt, Phelps & Phillips, LLP
Speaker(s)
Faith L. Anderson ~ Chief of Registration & Regulatory Affairs, Washington Department of Financial Institutions, Securities Division
Nick Bhargava ~ Co-Founder, Groundfloor Finance Inc.
Katherine J. Blair ~ Manatt, Phelps & Phillips, LLP
Frank R. Borchert, III ~ MD, General Counsel & Secretary, Marlette Funding, LLC
Joseph P. Borg ~ Director, Alabama Securities Commission, President, North American Securities Administrators Association
Claudia Callaway ~ Katten Muchin Rosenman LLP
Lewis R. Cohen ~ DLx Law LLP
Patrick D. Dolan ~ Norton Rose Fulbright US LLP
Brian Foley ~ Managing Director, Macquarie Group
Arlen W. Gelbard ~ EVP, General Counsel, Cross River Bank
Lenny Giltman ~ Managing Director, Structured Finance, Kroll Bond Rating Agency, Inc.
Preetha P. Gist ~ Chapman and Cutler LLP
Sara Hanks ~ Co-Founder and Chief Executive Officer, CrowdCheck, Inc.
N. Adele Hogan ~ Baker Tilly Virchow Krause, LLP
Henry G. Morriello ~ Arnold & Porter
Michael Nonaka ~ Covington & Burling LLP
Gregory J. Nowak ~ Pepper Hamilton LLP
Amy Reischauer ~ Special Counsel, Office of Small Business Policy, Division of Corporation Finance, U.S. Securities and Exchange Commission
Timothy K. Saunders Jr. ~ Managing Director & Associate General Counsel, Goldman Sachs
Lee A. Schneider ~ General Counsel, Block.One
Brian K. Victor ~ Vice President & Associate General Counsel, Social Finance, Inc.
Amy Wan ~ Co-Founder and CEO, Sagewise
Nancy H. Wojtas ~ Cooley LLP
Anthony J. Zeoli ~ Freeborn & Peters LLP
Program Attorney(s)
Grace E. O'Hanlon ~ Senior Program Attorney, Practising Law Institute
Atlanta Groupcast Location

Atlanta Bar Association, 400 International Tower, 229 Peachtree Street, NE, Atlanta, GA 30303-1601. (404) 521-0781.

General credit information about this format appears below. For credit information specific to this program, please choose your jurisdiction(s) in the Credit Information box on the right-hand side of this page.


U.S. MCLE States

Alabama:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Alaska:  All PLI products can fulfill Alaska’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Arizona:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “interactive CLE” credit. There is no limit to the number of credits an attorney can earn via interactive CLE programs.

Arkansas:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

California:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “participatory” credit. There is no limit to the number of credits an attorney can earn via participatory programs.

Colorado:  All PLI products can fulfill Colorado’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Connecticut: Effective January 1, 2017, all PLI products can fulfill Connecticut’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Delaware:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Florida:  All PLI products can fulfill Florida’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Georgia:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Hawaii:  All PLI products can fulfill Hawaii’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Idaho:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Illinois:  All PLI products can fulfill Illinois' CLE requirements for experienced attorneys. There is no limit to the number of credits an attorney can earn via PLI products.

Indiana:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Iowa:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Kansas:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live programs.

Kentucky:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Louisiana:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Maine:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Minnesota:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Mississippi:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “distance learning” credit. Attorneys are limited to 6 credits of distance learning per reporting period.

Missouri:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Montana:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Nebraska:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Nevada:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

New Hampshire:  All PLI products can fulfill New Hampshire’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

New Jersey:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “alternative verifiable learning formats” credit. Attorneys are limited to 12 credits of alternative verifiable learning formats per reporting period.

New Mexico:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

New York

Experienced Attorneys:  All PLI products can fulfill New York’s CLE requirements for experienced attorneys. There is no limit to the number of credits an attorney can earn via PLI products.

Newly Admitted Attorneys:  PLI’s transitional live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) can be used to fulfill the requirements for New York newly admitted attorneys. Ethics credit, professional practice credit, and law practice management credit may be earned via transitional live groupcasts. Skills credits may not be earned via live groupcasts.

North Carolina:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

North Dakota:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Ohio:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Oklahoma:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Oregon:  All PLI products can fulfill Oregon’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Pennsylvania:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Puerto Rico:  All PLI products can fulfill Puerto Rico’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Rhode Island:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

South Carolina:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Tennessee:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Texas:  All PLI products can fulfill Texas’ CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Utah:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “self-study” credit. Attorneys are limited to 12 credits of self-study per reporting period.

Vermont:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Virgin Islands:  All PLI products can fulfill the Virgin Islands’ CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Virginia:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live interactive” credit. There is no limit to the number of credits an attorney can earn via live interactive programs.

Washington:  All PLI products can fulfill Washington’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

West Virginia:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Wisconsin:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Wyoming:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.


CPD Jurisdictions

British Columbia (CPD-BC):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “real-time” credit. There is no limit to the number of credits an attorney can earn via real-time programs.

Ontario (CPD-ON):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “interactive” credit. There is no limit to the number of credits an attorney can earn via interactive programs.

Quebec (CPD-QC):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) can fulfill Quebec’s CPD requirements.

Hong Kong (CPD-HK):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of points an attorney can earn via live groupcasts.

United Kingdom (CPD-UK):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) can fulfill the United Kingdom’s CPD requirements.

Australia (CPD-AUS):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) may fulfill Australia’s CPD requirements. Credit limits for live groupcasts vary according to jurisdiction. Please refer to your jurisdiction’s CPD information page for specifics.

Alberta (CPD-ALBERTA):  All PLI products can fulfill Alberta’s CPD requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Dubai (CLPD-DUBAI):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) may fulfill CLPD credit requirements.


Other Credit Types

CPE Credit (NASBA):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as the “Group-Live” delivery method. Please check the Credit Information box on the right-hand side of this page to verify CPE credit availability.

IRS Continuing Education (IRS-CE):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) may fulfill IRS-CE requirements. To request IRS-CE credit, please notify PLI at plicredits@pli.edu of your request and include your Preparer Tax Identification Number (PTIN).

Certified Fraud Examiner CPE:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) may fulfill Certified Fraud Examiner CPE requirements. To request CPE credit or find out which programs offer CPE, please contact PLI at plicredits@pli.edu.

IAPP Continuing Privacy Credit (CPE):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) may fulfill Privacy CPE credit requirements.

HR Recertification (HRCI):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) may fulfill HR credit requirements.

SHRM Recertification (SHRM):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as "instructor-led" credit. There is no limit to the number of credits an SHRM professional can earn via instructor-led programs.

Compliance Certification Board (CCB):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” training events. There is no limit to the number of credits a candidate or certification holder can earn via live groupcasts.

Certified Anti-Money Laundering Specialists (CAMS):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) may fulfill CAMS credit requirements.

New York State Social Worker Continuing Education (SW CPE):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) may fulfill SW CPE credit requirements.

American Bankers Association Professional Certification (ABA):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) may fulfill ABA credit requirements.

Certified Financial Planners (CFP):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) may fulfill CFP credit requirements.

 

Why You Should Attend

Alternative finance continues to drive significant engagement with the investment community.  But it also raises many more questions than answers, such as:   

  • What does the future hold for marketplace lending, cryptocurrency and crowdfunding?  Will it be a boom or bust? 
  • Will ICOs displace traditional capital-raising? 
  • Will blockchain technology and distributed ledger technology supplant traditional centralized broker-dealers and clearing with respect to tokens and cryptocurrencies? 
  • Will Marketplace Lending continue to add significant volume with consolidation on the rise? 
  • Will Marketplace Lending finally have a principal regulator or will it continue to have its heels nipped by a patchwork of state and federal rulemakers and the courts?
  • Will Regulation A+ mature into the capital-raising potential many predicted?
  • Will Regulation CF crowdfunding become the preferred method of capital-raising for the sub-$1 million category?
  • What is the proper role of governments- state and federal- and the courts in keeping the industry honest? 

Join us for this one of a kind event to hear from the leading industry lawyers, dealmakers and decision-makers on where we are now and where we may be headed.

What You Will Learn

  • Update from Washington and State House on developments in regulating cryptocurrency, crowdfunding and alternative finance
  • ICOs after the DAO Report -  Why you and your Clients need to be careful
  • Impact of the JOBS Act six years later on crowdfunding and capital-raising 
  • How to execute a proper Regulation A+ and crowdfunding transaction
  • OCC special purpose Fintech charters and other innovative initiatives
  • What is the latest on efforts to “fix” or contain the Madden v. Midland funding decision
  • Fund structures and issues with investing in alternative finance
  • Spotlight on real estate marketplace lending, crowdfunding and alternative home finance

Who Should Attend

This program is designed for in-house attorneys and outside counsel, and other allied professionals advising on financing and technology developments affecting the financial investment industry.

Program Level: Overview

Intended Audience: This program is designed for in-house attorneys and outside counsel, and other allied professionals advising on financing and technology developments affecting the financial investment industry.

Prerequisites: An interest in alternative financing and new technology. 

Advanced Preparation: None 


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.

9:00 Opening Remarks

Brian S. Korn



9:10 The JOBS Act Six Years Out: Washington and State House Developments in Crowdfunding and Alternative Finance
  • SEC rulemaking to refine crowdfunding and private placement procedures
  • Advertised private placements – report from the trenches
  • Fix Crowdfunding Act and other possible legislative developments
  • FINRA funding portal application and differences from broker-dealer applications
  • Regulatory enforcement priorities

Joseph P. Borg, Sara Hanks, Amy Reischauer



10:10 Spotlight on Regulation A+: Seed Finance, Mini-IPOs, eREITS and Debt Offerings (Oh My!)
  • Overview of Regulation A+
  • Tier I – How tough is the state review? 
  • NASAA Coordinated Review
  • State Blue Sky issues
  • Straight to Listing or “Reg A for life”; Reg A IPO vs. Traditional IPO
  • Debt offerings
  • eREITs -- are they for everyone?

Faith L. Anderson, Nick Bhargava, Sara Hanks, Anthony J. Zeoli



11:10 Networking Break

11:25 Hot (Legal and Regulatory) Topics in Marketplace Lending
  • Banking regulations and the “front end”: the lender license, rate exportation and usury laws
  • OCC special purpose fintech charters: are we going to see it happen?
  • Bank partnerships vs. state licensing
  • Role of CFPB, OCC and other regulators: who’s in charge here?
  • Latest on Colorado and state attorneys general matters
  • Madden v. Midland case, state follow-on cases, circuit splits and impact on MPL structures
  • CashCall, Bill Me Later, Bethune and the  "true lender" cases
  • Tribal funding legal structures: what works and what does not?

Arlen W. Gelbard, Preetha P. Gist, Michael Nonaka, Brian K. Victor



12:25 Lunch

1:30 Securitization and Secondary Markets For Marketplace Lending
  • Securitization issues after Madden
  • Asset models and loan-level disclosure; verification
  • “Skin in the game” and impact on risk retention requirements; Will loosening risk retention come to MPL?
  • Role of rating agencies
  • Controlling defaults and prepayments: yield protection
  • Secondary markets and the regulation of loan trading
  • Loan trading process: clearing and custody issues
  • Will we start to see loan auctions?

Claudia Callaway, Henry G. Morriello, Timothy K. Saunders Jr.



2:15 Developments in Warehouse Facilities, Loan Purchase Facilities and Small Business Lending
  • Issues in commercial lending, including licensing, custody and servicing
  • Due diligence in commercial lending
  • The personal guaranty -- what’s it really worth and is it enforceable?
  • Warehouse lines, forward flow agreements and other marketplace lending finance structures
  • SPV issues and the true sale and non-consolidation opinions; Are they correct?
  • Guaranties in platform lending: performance or bad actor?

Frank R. Borchert III, Patrick D. Dolan, Brian Foley, Lenny Giltman



3:00 Networking Break

3:15 Blockchain, Tokens and Cryptocurrrencies: Latest developments
  • What is blockchain?  What are Bitcoin, Ethereum and Litecoin?
  • Are tokens securities?
  • Can any business really be tokenized?
  • Is distributed ledger antithetical to responsible investing?
  • Are private placements the answer?
  • Regulation S offshore transactions to the rescue?
  • The SEC directive to attorneys regarding taking contrary or “equivocating” views to the SEC staff regarding securities status of tokens:  Rigorous representation of clients vs. sanctions and disbarment -- a fair trade-off?

Katherine J. Blair, Lewis R. Cohen, Gregory J. Nowak, Amy Wan



4:15 Enforcement with Respect to Token and Cryptocurrency Exchanges after Dao and Munchee
  • The Bulletin Board exception
  • Are all exchanges at risk if they are not broker-dealers?
  • Is a money transmitter license sufficient?
  • Regulating ICOs and token offerings
  • Are exchanges required to be broker-dealers?  Other licenses required to operate a token exchange
  • Regulatory activities
  • Enforcement priorities:  Is any unregistered offering safe?

N. Adele Hogan, Lee A. Schneider, Nancy H. Wojtas



5:15 Adjourn

Chairperson(s)
Brian S. Korn ~ Manatt, Phelps & Phillips, LLP
Speaker(s)
Faith L. Anderson ~ Chief of Registration & Regulatory Affairs, Washington Department of Financial Institutions, Securities Division
Nick Bhargava ~ Co-Founder, Groundfloor Finance Inc.
Katherine J. Blair ~ Manatt, Phelps & Phillips, LLP
Frank R. Borchert, III ~ MD, General Counsel & Secretary, Marlette Funding, LLC
Joseph P. Borg ~ Director, Alabama Securities Commission, President, North American Securities Administrators Association
Claudia Callaway ~ Katten Muchin Rosenman LLP
Lewis R. Cohen ~ DLx Law LLP
Patrick D. Dolan ~ Norton Rose Fulbright US LLP
Brian Foley ~ Managing Director, Macquarie Group
Arlen W. Gelbard ~ EVP, General Counsel, Cross River Bank
Lenny Giltman ~ Managing Director, Structured Finance, Kroll Bond Rating Agency, Inc.
Preetha P. Gist ~ Chapman and Cutler LLP
Sara Hanks ~ Co-Founder and Chief Executive Officer, CrowdCheck, Inc.
N. Adele Hogan ~ Baker Tilly Virchow Krause, LLP
Henry G. Morriello ~ Arnold & Porter
Michael Nonaka ~ Covington & Burling LLP
Gregory J. Nowak ~ Pepper Hamilton LLP
Amy Reischauer ~ Special Counsel, Office of Small Business Policy, Division of Corporation Finance, U.S. Securities and Exchange Commission
Timothy K. Saunders Jr. ~ Managing Director & Associate General Counsel, Goldman Sachs
Lee A. Schneider ~ General Counsel, Block.One
Brian K. Victor ~ Vice President & Associate General Counsel, Social Finance, Inc.
Amy Wan ~ Co-Founder and CEO, Sagewise
Nancy H. Wojtas ~ Cooley LLP
Anthony J. Zeoli ~ Freeborn & Peters LLP
Program Attorney(s)
Grace E. O'Hanlon ~ Senior Program Attorney, Practising Law Institute
Boston Groupcast Location

Massachusetts CLE, 10 Winter Place, Boston, Massachusetts 02100. (617) 350-7006.

General credit information about this format appears below. For credit information specific to this program, please choose your jurisdiction(s) in the Credit Information box on the right-hand side of this page.


U.S. MCLE States

Alabama:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Alaska:  All PLI products can fulfill Alaska’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Arizona:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “interactive CLE” credit. There is no limit to the number of credits an attorney can earn via interactive CLE programs.

Arkansas:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

California:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “participatory” credit. There is no limit to the number of credits an attorney can earn via participatory programs.

Colorado:  All PLI products can fulfill Colorado’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Connecticut: Effective January 1, 2017, all PLI products can fulfill Connecticut’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Delaware:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Florida:  All PLI products can fulfill Florida’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Georgia:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Hawaii:  All PLI products can fulfill Hawaii’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Idaho:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Illinois:  All PLI products can fulfill Illinois' CLE requirements for experienced attorneys. There is no limit to the number of credits an attorney can earn via PLI products.

Indiana:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Iowa:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Kansas:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live programs.

Kentucky:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Louisiana:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Maine:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Minnesota:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Mississippi:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “distance learning” credit. Attorneys are limited to 6 credits of distance learning per reporting period.

Missouri:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Montana:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Nebraska:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Nevada:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

New Hampshire:  All PLI products can fulfill New Hampshire’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

New Jersey:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “alternative verifiable learning formats” credit. Attorneys are limited to 12 credits of alternative verifiable learning formats per reporting period.

New Mexico:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

New York

Experienced Attorneys:  All PLI products can fulfill New York’s CLE requirements for experienced attorneys. There is no limit to the number of credits an attorney can earn via PLI products.

Newly Admitted Attorneys:  PLI’s transitional live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) can be used to fulfill the requirements for New York newly admitted attorneys. Ethics credit, professional practice credit, and law practice management credit may be earned via transitional live groupcasts. Skills credits may not be earned via live groupcasts.

North Carolina:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

North Dakota:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Ohio:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Oklahoma:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Oregon:  All PLI products can fulfill Oregon’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Pennsylvania:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Puerto Rico:  All PLI products can fulfill Puerto Rico’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Rhode Island:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

South Carolina:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Tennessee:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Texas:  All PLI products can fulfill Texas’ CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Utah:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “self-study” credit. Attorneys are limited to 12 credits of self-study per reporting period.

Vermont:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Virgin Islands:  All PLI products can fulfill the Virgin Islands’ CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Virginia:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live interactive” credit. There is no limit to the number of credits an attorney can earn via live interactive programs.

Washington:  All PLI products can fulfill Washington’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

West Virginia:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Wisconsin:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Wyoming:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.


CPD Jurisdictions

British Columbia (CPD-BC):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “real-time” credit. There is no limit to the number of credits an attorney can earn via real-time programs.

Ontario (CPD-ON):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “interactive” credit. There is no limit to the number of credits an attorney can earn via interactive programs.

Quebec (CPD-QC):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) can fulfill Quebec’s CPD requirements.

Hong Kong (CPD-HK):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of points an attorney can earn via live groupcasts.

United Kingdom (CPD-UK):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) can fulfill the United Kingdom’s CPD requirements.

Australia (CPD-AUS):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) may fulfill Australia’s CPD requirements. Credit limits for live groupcasts vary according to jurisdiction. Please refer to your jurisdiction’s CPD information page for specifics.

Alberta (CPD-ALBERTA):  All PLI products can fulfill Alberta’s CPD requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Dubai (CLPD-DUBAI):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) may fulfill CLPD credit requirements.


Other Credit Types

CPE Credit (NASBA):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as the “Group-Live” delivery method. Please check the Credit Information box on the right-hand side of this page to verify CPE credit availability.

IRS Continuing Education (IRS-CE):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) may fulfill IRS-CE requirements. To request IRS-CE credit, please notify PLI at plicredits@pli.edu of your request and include your Preparer Tax Identification Number (PTIN).

Certified Fraud Examiner CPE:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) may fulfill Certified Fraud Examiner CPE requirements. To request CPE credit or find out which programs offer CPE, please contact PLI at plicredits@pli.edu.

IAPP Continuing Privacy Credit (CPE):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) may fulfill Privacy CPE credit requirements.

HR Recertification (HRCI):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) may fulfill HR credit requirements.

SHRM Recertification (SHRM):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as "instructor-led" credit. There is no limit to the number of credits an SHRM professional can earn via instructor-led programs.

Compliance Certification Board (CCB):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” training events. There is no limit to the number of credits a candidate or certification holder can earn via live groupcasts.

Certified Anti-Money Laundering Specialists (CAMS):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) may fulfill CAMS credit requirements.

New York State Social Worker Continuing Education (SW CPE):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) may fulfill SW CPE credit requirements.

American Bankers Association Professional Certification (ABA):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) may fulfill ABA credit requirements.

Certified Financial Planners (CFP):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) may fulfill CFP credit requirements.

 

Why You Should Attend

Alternative finance continues to drive significant engagement with the investment community.  But it also raises many more questions than answers, such as:   

  • What does the future hold for marketplace lending, cryptocurrency and crowdfunding?  Will it be a boom or bust? 
  • Will ICOs displace traditional capital-raising? 
  • Will blockchain technology and distributed ledger technology supplant traditional centralized broker-dealers and clearing with respect to tokens and cryptocurrencies? 
  • Will Marketplace Lending continue to add significant volume with consolidation on the rise? 
  • Will Marketplace Lending finally have a principal regulator or will it continue to have its heels nipped by a patchwork of state and federal rulemakers and the courts?
  • Will Regulation A+ mature into the capital-raising potential many predicted?
  • Will Regulation CF crowdfunding become the preferred method of capital-raising for the sub-$1 million category?
  • What is the proper role of governments- state and federal- and the courts in keeping the industry honest? 

Join us for this one of a kind event to hear from the leading industry lawyers, dealmakers and decision-makers on where we are now and where we may be headed.

What You Will Learn

  • Update from Washington and State House on developments in regulating cryptocurrency, crowdfunding and alternative finance
  • ICOs after the DAO Report -  Why you and your Clients need to be careful
  • Impact of the JOBS Act six years later on crowdfunding and capital-raising 
  • How to execute a proper Regulation A+ and crowdfunding transaction
  • OCC special purpose Fintech charters and other innovative initiatives
  • What is the latest on efforts to “fix” or contain the Madden v. Midland funding decision
  • Fund structures and issues with investing in alternative finance
  • Spotlight on real estate marketplace lending, crowdfunding and alternative home finance

Who Should Attend

This program is designed for in-house attorneys and outside counsel, and other allied professionals advising on financing and technology developments affecting the financial investment industry.

Program Level: Overview

Intended Audience: This program is designed for in-house attorneys and outside counsel, and other allied professionals advising on financing and technology developments affecting the financial investment industry.

Prerequisites: An interest in alternative financing and new technology. 

Advanced Preparation: None 


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.

9:00 Opening Remarks

Brian S. Korn



9:10 The JOBS Act Six Years Out: Washington and State House Developments in Crowdfunding and Alternative Finance
  • SEC rulemaking to refine crowdfunding and private placement procedures
  • Advertised private placements – report from the trenches
  • Fix Crowdfunding Act and other possible legislative developments
  • FINRA funding portal application and differences from broker-dealer applications
  • Regulatory enforcement priorities

Joseph P. Borg, Sara Hanks, Amy Reischauer



10:10 Spotlight on Regulation A+: Seed Finance, Mini-IPOs, eREITS and Debt Offerings (Oh My!)
  • Overview of Regulation A+
  • Tier I – How tough is the state review? 
  • NASAA Coordinated Review
  • State Blue Sky issues
  • Straight to Listing or “Reg A for life”; Reg A IPO vs. Traditional IPO
  • Debt offerings
  • eREITs -- are they for everyone?

Faith L. Anderson, Nick Bhargava, Sara Hanks, Anthony J. Zeoli



11:10 Networking Break

11:25 Hot (Legal and Regulatory) Topics in Marketplace Lending
  • Banking regulations and the “front end”: the lender license, rate exportation and usury laws
  • OCC special purpose fintech charters: are we going to see it happen?
  • Bank partnerships vs. state licensing
  • Role of CFPB, OCC and other regulators: who’s in charge here?
  • Latest on Colorado and state attorneys general matters
  • Madden v. Midland case, state follow-on cases, circuit splits and impact on MPL structures
  • CashCall, Bill Me Later, Bethune and the  "true lender" cases
  • Tribal funding legal structures: what works and what does not?

Arlen W. Gelbard, Preetha P. Gist, Michael Nonaka, Brian K. Victor



12:25 Lunch

1:30 Securitization and Secondary Markets For Marketplace Lending
  • Securitization issues after Madden
  • Asset models and loan-level disclosure; verification
  • “Skin in the game” and impact on risk retention requirements; Will loosening risk retention come to MPL?
  • Role of rating agencies
  • Controlling defaults and prepayments: yield protection
  • Secondary markets and the regulation of loan trading
  • Loan trading process: clearing and custody issues
  • Will we start to see loan auctions?

Claudia Callaway, Henry G. Morriello, Timothy K. Saunders Jr.



2:15 Developments in Warehouse Facilities, Loan Purchase Facilities and Small Business Lending
  • Issues in commercial lending, including licensing, custody and servicing
  • Due diligence in commercial lending
  • The personal guaranty -- what’s it really worth and is it enforceable?
  • Warehouse lines, forward flow agreements and other marketplace lending finance structures
  • SPV issues and the true sale and non-consolidation opinions; Are they correct?
  • Guaranties in platform lending: performance or bad actor?

Frank R. Borchert III, Patrick D. Dolan, Brian Foley, Lenny Giltman



3:00 Networking Break

3:15 Blockchain, Tokens and Cryptocurrrencies: Latest developments
  • What is blockchain?  What are Bitcoin, Ethereum and Litecoin?
  • Are tokens securities?
  • Can any business really be tokenized?
  • Is distributed ledger antithetical to responsible investing?
  • Are private placements the answer?
  • Regulation S offshore transactions to the rescue?
  • The SEC directive to attorneys regarding taking contrary or “equivocating” views to the SEC staff regarding securities status of tokens:  Rigorous representation of clients vs. sanctions and disbarment -- a fair trade-off?

Katherine J. Blair, Lewis R. Cohen, Gregory J. Nowak, Amy Wan



4:15 Enforcement with Respect to Token and Cryptocurrency Exchanges after Dao and Munchee
  • The Bulletin Board exception
  • Are all exchanges at risk if they are not broker-dealers?
  • Is a money transmitter license sufficient?
  • Regulating ICOs and token offerings
  • Are exchanges required to be broker-dealers?  Other licenses required to operate a token exchange
  • Regulatory activities
  • Enforcement priorities:  Is any unregistered offering safe?

N. Adele Hogan, Lee A. Schneider, Nancy H. Wojtas



5:15 Adjourn

Chairperson(s)
Brian S. Korn ~ Manatt, Phelps & Phillips, LLP
Speaker(s)
Faith L. Anderson ~ Chief of Registration & Regulatory Affairs, Washington Department of Financial Institutions, Securities Division
Nick Bhargava ~ Co-Founder, Groundfloor Finance Inc.
Katherine J. Blair ~ Manatt, Phelps & Phillips, LLP
Frank R. Borchert, III ~ MD, General Counsel & Secretary, Marlette Funding, LLC
Joseph P. Borg ~ Director, Alabama Securities Commission, President, North American Securities Administrators Association
Claudia Callaway ~ Katten Muchin Rosenman LLP
Lewis R. Cohen ~ DLx Law LLP
Patrick D. Dolan ~ Norton Rose Fulbright US LLP
Brian Foley ~ Managing Director, Macquarie Group
Arlen W. Gelbard ~ EVP, General Counsel, Cross River Bank
Lenny Giltman ~ Managing Director, Structured Finance, Kroll Bond Rating Agency, Inc.
Preetha P. Gist ~ Chapman and Cutler LLP
Sara Hanks ~ Co-Founder and Chief Executive Officer, CrowdCheck, Inc.
N. Adele Hogan ~ Baker Tilly Virchow Krause, LLP
Henry G. Morriello ~ Arnold & Porter
Michael Nonaka ~ Covington & Burling LLP
Gregory J. Nowak ~ Pepper Hamilton LLP
Amy Reischauer ~ Special Counsel, Office of Small Business Policy, Division of Corporation Finance, U.S. Securities and Exchange Commission
Timothy K. Saunders Jr. ~ Managing Director & Associate General Counsel, Goldman Sachs
Lee A. Schneider ~ General Counsel, Block.One
Brian K. Victor ~ Vice President & Associate General Counsel, Social Finance, Inc.
Amy Wan ~ Co-Founder and CEO, Sagewise
Nancy H. Wojtas ~ Cooley LLP
Anthony J. Zeoli ~ Freeborn & Peters LLP
Program Attorney(s)
Grace E. O'Hanlon ~ Senior Program Attorney, Practising Law Institute
Cleveland Groupcast Location

The Cleveland Metropolitan Bar Association, 1375 E. 9th Street – Floor 2, Cleveland, Ohio 44114. 216-696-2404.

General credit information about this format appears below. For credit information specific to this program, please choose your jurisdiction(s) in the Credit Information box on the right-hand side of this page.


U.S. MCLE States

Alabama:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Alaska:  All PLI products can fulfill Alaska’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Arizona:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “interactive CLE” credit. There is no limit to the number of credits an attorney can earn via interactive CLE programs.

Arkansas:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

California:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “participatory” credit. There is no limit to the number of credits an attorney can earn via participatory programs.

Colorado:  All PLI products can fulfill Colorado’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Connecticut: Effective January 1, 2017, all PLI products can fulfill Connecticut’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Delaware:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Florida:  All PLI products can fulfill Florida’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Georgia:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Hawaii:  All PLI products can fulfill Hawaii’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Idaho:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Illinois:  All PLI products can fulfill Illinois' CLE requirements for experienced attorneys. There is no limit to the number of credits an attorney can earn via PLI products.

Indiana:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Iowa:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Kansas:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live programs.

Kentucky:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Louisiana:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Maine:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Minnesota:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Mississippi:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “distance learning” credit. Attorneys are limited to 6 credits of distance learning per reporting period.

Missouri:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Montana:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Nebraska:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Nevada:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

New Hampshire:  All PLI products can fulfill New Hampshire’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

New Jersey:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “alternative verifiable learning formats” credit. Attorneys are limited to 12 credits of alternative verifiable learning formats per reporting period.

New Mexico:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

New York

Experienced Attorneys:  All PLI products can fulfill New York’s CLE requirements for experienced attorneys. There is no limit to the number of credits an attorney can earn via PLI products.

Newly Admitted Attorneys:  PLI’s transitional live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) can be used to fulfill the requirements for New York newly admitted attorneys. Ethics credit, professional practice credit, and law practice management credit may be earned via transitional live groupcasts. Skills credits may not be earned via live groupcasts.

North Carolina:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

North Dakota:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Ohio:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Oklahoma:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Oregon:  All PLI products can fulfill Oregon’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Pennsylvania:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Puerto Rico:  All PLI products can fulfill Puerto Rico’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Rhode Island:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

South Carolina:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Tennessee:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Texas:  All PLI products can fulfill Texas’ CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Utah:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “self-study” credit. Attorneys are limited to 12 credits of self-study per reporting period.

Vermont:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Virgin Islands:  All PLI products can fulfill the Virgin Islands’ CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Virginia:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live interactive” credit. There is no limit to the number of credits an attorney can earn via live interactive programs.

Washington:  All PLI products can fulfill Washington’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

West Virginia:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Wisconsin:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Wyoming:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.


CPD Jurisdictions

British Columbia (CPD-BC):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “real-time” credit. There is no limit to the number of credits an attorney can earn via real-time programs.

Ontario (CPD-ON):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “interactive” credit. There is no limit to the number of credits an attorney can earn via interactive programs.

Quebec (CPD-QC):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) can fulfill Quebec’s CPD requirements.

Hong Kong (CPD-HK):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of points an attorney can earn via live groupcasts.

United Kingdom (CPD-UK):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) can fulfill the United Kingdom’s CPD requirements.

Australia (CPD-AUS):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) may fulfill Australia’s CPD requirements. Credit limits for live groupcasts vary according to jurisdiction. Please refer to your jurisdiction’s CPD information page for specifics.

Alberta (CPD-ALBERTA):  All PLI products can fulfill Alberta’s CPD requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Dubai (CLPD-DUBAI):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) may fulfill CLPD credit requirements.


Other Credit Types

CPE Credit (NASBA):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as the “Group-Live” delivery method. Please check the Credit Information box on the right-hand side of this page to verify CPE credit availability.

IRS Continuing Education (IRS-CE):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) may fulfill IRS-CE requirements. To request IRS-CE credit, please notify PLI at plicredits@pli.edu of your request and include your Preparer Tax Identification Number (PTIN).

Certified Fraud Examiner CPE:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) may fulfill Certified Fraud Examiner CPE requirements. To request CPE credit or find out which programs offer CPE, please contact PLI at plicredits@pli.edu.

IAPP Continuing Privacy Credit (CPE):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) may fulfill Privacy CPE credit requirements.

HR Recertification (HRCI):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) may fulfill HR credit requirements.

SHRM Recertification (SHRM):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as "instructor-led" credit. There is no limit to the number of credits an SHRM professional can earn via instructor-led programs.

Compliance Certification Board (CCB):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” training events. There is no limit to the number of credits a candidate or certification holder can earn via live groupcasts.

Certified Anti-Money Laundering Specialists (CAMS):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) may fulfill CAMS credit requirements.

New York State Social Worker Continuing Education (SW CPE):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) may fulfill SW CPE credit requirements.

American Bankers Association Professional Certification (ABA):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) may fulfill ABA credit requirements.

Certified Financial Planners (CFP):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) may fulfill CFP credit requirements.

 

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