On-Demand   On-Demand Web Programs

Hedge and Private Fund Enforcement & Regulatory Developments 2016

Released on: Dec. 12, 2016
Running Time: 06:07:14

The SEC and other government agencies continue to focus enforcement and examination efforts on hedge funds and private equity firms.  While insider trading remains a priority, examinations and investigations have turned to increasingly complex issues that private funds must deal with on a daily basis - valuation, conflicts of interest regarding fees, cybersecurity, big data and allocation of investment opportunities and expenses.  As the regulators’ and prosecutors’ expertise and sophistication mature, so does their use of in-house industry experts, whistleblowers and data analytics. 

New rules have been proposed by Treasury’s Financial Crimes Enforcement Network (FinCEN) that for the first time would require many private funds to establish AML programs and report suspicious activity under the Bank Secrecy Act.  In addition to managing examinations by the SEC’s new Private Funds Unit, private funds face continued scrutiny by the CFTC, Department of Justice and New York State Attorney General’s Office of Investor Protection.  

In this program you will gain insights into current and anticipated enforcement, regulatory, legislative and compliance priorities and how best to deal with them.  Our experts include senior government officials, in-house GC’s and CCOs, and leading private practitioners. 

You will learn:

  • Current SEC, DOJ, CFTC and other government private fund enforcement and examination priorities
  • How to prepare for and manage an examination by the SEC’s newly formed Private Fund Unit and strategies to prevent a full-fledged enforcement investigation
  • Strategies for dealing with new issues surrounding cybersecurity and forthcoming AML rules
  • How to improve your firm’s compliance program and manage regulatory risk in this charged enforcement environment
  • New developments on insider trading affecting private funds

Special Features

  • Earn up to one hour of Ethics credit!

Attorneys, in-house counsel and compliance professionals, and those interested in or currently working in the private fund industry will benefit from this program.


Lecture Topics [Total time 06:07:14]

Segments with an asterisk (*) are available only with the purchase of the entire program.


  • Introduction* [00:03:45]
    Barry R. Goldsmith
  • Current Hedge and Private Fund Enforcement Priorities –The Enforcers’ Perspective [01:03:47]
    Anthony S. Kelly, Aitan D. Goelman, Katherine R. Goldstein, Julie M. Riewe
  • SEC Inspections and Examinations of Private Equity and Hedge Funds [01:00:12]
    Marc E. Elovitz, Igor Rozenblit, Elaine C. Greenberg, Alec Koch
  • Current Regulatory Issues Affecting Private Funds [00:59:39]
    K. Susan Grafton, Stuart J. Kaswell, Martin Schwartz, Alpa Patel
  • Hot Button Enforcement Issues for Private Funds [00:59:53]
    Deborah R. Meshulam, Stephanie Brooker, Linda Chatman Thomsen, John H. Walsh
  • Establishing an Effective Private Fund Compliance Program [01:00:17]
    Kenneth Burke, Bruce Karpati, Trevor Wiessmann
  • Thorny Hedge Fund Hypotheticals - Ethical Issues [00:59:41]
    Susan E. Brune, Andrew B. David, Joan E. McKown, Andre E. Owens, Stephen J. Crimmins

The purchase price of this Web Program includes the following articles from the Course Handbook available online:


  • COMPLETE COURSE HANDBOOK
  • Proposed Amendments to the SEC’s Order Handling Disclosure Requirements
    K. Susan Grafton
  • PLI Hedge and Private Fund Enforcement & Regulatory Developments 2016: Recent Case Developments
    Barry R. Goldsmith, Amy R. Mayer
  • FinCEN’s Proposed Anti-Money Laundering Regulations for Investment Advisers
    K. Susan Grafton
  • Trends in Private Equity and Hedge Fund Enforcement 2016
    Joan E. McKown, Jocelin R. Hody
  • Insider Trading: Where Is the Line?
    Stephen J. Crimmins
  • Hot Button Enforcement Issues for Private Funds
    Deborah R. Meshulam, Bradley E. Phipps

Presentation Material


  • Hot Button Enforcement Issues for Private Funds
    Deborah R. Meshulam
  • Thorny Hedge Fund Hypotheticals
    Susan E. Brune, Stephen J. Crimmins, Andrew B. David, Joan E. McKown, Andre E. Owens
Chairperson(s)
Barry R. Goldsmith ~ Gibson, Dunn & Crutcher LLP
Speaker(s)
Stephanie Brooker ~ Partner, Gibson Dunn & Crutcher LLP
Susan E. Brune ~ Brune Law P.C.
Kenneth Burke ~ TPG Sixth Street Partners
Stephen J. Crimmins ~ Murphy & McGonigle
Andrew B. David ~ General Counsel and Chief Compliance Officer, Aristeia Capital L.L.C.
Marc E. Elovitz ~ Schulte Roth & Zabel LLP
Aitan D. Goelman ~ Director, Division of Enforcement, U.S. Commodity Futures Trading Commission
Katherine R. Goldstein ~ Milbank, Tweed, Hadley & McCloy LLP
K. Susan Grafton ~ Dechert LLP
Elaine C. Greenberg ~ Shareholder, Greenberg Traurig LLP
Bruce Karpati ~ Global Chief Compliance Officer and Counsel, Kohlberg Kravis Roberts & Co. L.P.
Stuart J. Kaswell ~ Executive Vice President & Managing Director, General Counsel, Managed Funds Association
Anthony S. Kelly ~ Co-Chief, Asset Management Unit, Division of Enforcement , U.S. Securities and Exchange Commission
Alec Koch ~ Partner, King & Spalding LLP
Joan E. McKown ~ Jones Day
Deborah R. Meshulam ~ Partner, DLA Piper LLP
Andre E. Owens ~ WilmerHale LLP
Alpa Patel ~ Partner, Kirkland & Ellis LLP
Julie M. Riewe ~ Former Co-Chief, Asset Management Unit, Division of Enforcement, Debevoise & Plimpton LLP
Igor Rozenblit ~ Co-head, Private Funds Unit, Office of Compliance Inspections and Examinations, U.S. Securities and Exchange Commission
Martin Schwartz ~ Senior Managing Director and Chief Compliance Officer, Millennium Management, LLC
Linda Chatman Thomsen ~ Davis Polk & Wardwell LLP
John H. Walsh ~ Sutherland Asbill & Brennan LLP
Trevor Wiessmann ~ General Counsel & Chief Compliance Officer, Mudrick Capital Management, L.P.
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.


U.S. MCLE States

Alabama:  PLI’s on-demand web programs qualify as “online” credit. Attorneys are limited to 6 credits of online programs per reporting period.

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 on-demand web programs 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 on-demand web programs are not approved for Arkansas CLE credit.

California:  PLI’s on-demand web programs 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 on-demand web programs qualify as “eCLE” credit. Attorneys are limited to 12 credits of eCLE per reporting period, no more than 6 of which may be audio-only.

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 on-demand web programs 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 on-demand web programs qualify as “self-study” credit. Attorneys are limited to 15 credits of self-study per reporting period.

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 on-demand web programs qualify as “distance education” credit. Attorneys are limited to 9 credits of distance education per reporting period.

Iowa:  PLI’s on-demand web programs qualify as “unmoderated” credit. Attorneys are limited to 6 credits of unmoderated programs per reporting period.

Kansas:  PLI’s on-demand web programs qualify as “prerecorded” credit. Attorneys are limited to 6 credits of prerecorded programs per reporting period.

Kentucky:  PLI’s on-demand web programs qualify as “non-live” credit. Attorneys are limited to 6 non-live credits per reporting period.

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

Maine:  PLI’s on-demand web programs qualify as “self-study” credit. Attorneys are limited to 5.5 credits of self-study per reporting period.

Minnesota:  PLI’s on-demand web programs qualify as “on-demand” credit. Attorneys are limited to 15 on-demand credits per reporting period.

Mississippi:  PLI’s on-demand web programs qualify as “distance learning” credit. Attorneys are limited to 6 credits of distance learning per reporting period.

Missouri:  PLI’s on-demand web programs qualify as “self-study” credit. Attorneys are limited to 6 credits of self-study per reporting period.

Montana:  PLI’s on-demand web programs qualify as “self-study” credit. Attorneys are limited to 5 credits of self-study per reporting period.

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

Nevada:  PLI’s on-demand web programs qualify as “self-study” credit. There is no limit to the number of credits an attorney can earn via self-study programs.

New Hampshire:  PLI’s on-demand web programs qualify as “self-study” credit. Attorneys are limited to 6 credits of self-study per reporting period.

New Jersey:  PLI’s on-demand web programs 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 on-demand web programs qualify as “self-study” credit. Attorneys are limited to 4 credits of self-study per reporting period.

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 on-demand web programs can be used to fulfill the requirements for New York newly admitted attorneys. Only professional practice and law practice management credits may be earned via transitional on-demand web programs. Ethics and skills credits may not be earned via on-demand web programs.

North Carolina:  PLI’s on-demand web programs qualify as “online” credit. Attorneys are limited to 6 credits of online programs per reporting period.

North Dakota:  PLI’s on-demand web programs qualify as “self-study” credit. Attorneys are limited to 15 credits of self-study per reporting period.

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

Oklahoma:  PLI’s on-demand web programs qualify as “online, on-demand” credit. Attorneys are limited to 6 credits of online, on-demand programs per reporting period.

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 on-demand web programs qualify as “distance learning” credit. Attorneys are limited to 6 credits of distance learning per reporting period.

Puerto Rico:  PLI’s on-demand web programs qualify as “non-traditional” credit. Attorneys are limited to 8 credits of non-traditional programs per reporting period.

Rhode Island:  PLI’s on-demand web programs qualify as “on-demand” credit. Attorneys are limited to 3 on-demand credits per reporting period.

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

Tennessee:  PLI’s on-demand web programs 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 on-demand web programs qualify as “self-study” credit. Attorneys are limited to 12 credits of self-study per reporting period.

Vermont:  PLI’s on-demand web programs qualify as “self-study” credit. Attorneys are limited to 10 credits of self-study per reporting period.

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 on-demand web programs qualify as “pre-recorded” credit. Attorneys are limited to 8 credits of pre-recorded programs per reporting period.

Washington:  PLI’s on-demand web programs qualify as “A/V” credit. Attorneys are limited to 22.5 credits of A/V programs per reporting period.

West Virginia:  PLI’s on-demand web programs qualify as “online” credit. Attorneys are limited to 12 credits of online instruction per reporting period.

Wisconsin:  PLI’s on-demand web programs qualify as “repeated, on-demand” credit. Attorneys are limited to 15 credits of repeated, on-demand programs per reporting period. No ethics credits can be earned via on-demand web programs.

Wyoming:  PLI’s on-demand web programs qualify as “self-study” credit. Attorneys are limited to 6 credits of self-study per reporting period.


CPD Jurisdictions

British Columbia (CPD-BC):  PLI’s on-demand web programs are not eligible for CPD-BC credit unless viewed with at least one other attorney or an articled student. In this case, the credit must be recorded as a “study group.”

Ontario (CPD-ON):  PLI’s on-demand web programs qualify as “recorded” credit. If viewed without a colleague, attorneys are limited to 6 credits of recorded programs per year. If viewed with at least one colleague, there is no limit to the number of credits that can be earned via recorded programs.

Quebec (CPD-QC):  PLI’s on-demand web programs can fulfill Quebec’s CPD requirements.

Hong Kong (CPD-HK):  PLI’s on-demand web programs are not approved for CPD-HK credit.

United Kingdom (CPD-UK):  PLI’s on-demand web programs can fulfill the United Kingdom’s CPD requirements.

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


Other Credit Types

CPE Credit (NASBA):  Select on-demand web programs qualify as “QAS Self-Study” credit. 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 on-demand web programs 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 on-demand web programs 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 on-demand web programs may fulfill Privacy CPE credit requirements.

HR Recertification (HRCI):  PLI’s on-demand web programs may fulfill HR credit requirements.

SHRM Recertification (SHRM):  PLI’s on-demand web programs qualify as "self-paced" credit. SHRM professionals are limited to 30 credits of self-paced programs per recertification period.

Compliance Certification Board (CCB):  PLI’s on-demand web programs qualify as “self-study” credit. Candidates are limited to 10 self-study credits per 12-month period, and certification holders are limited to 20 self-study credits per 2-year renewal period.

Certified Anti-Money Laundering Specialists Certification (CAMS):  PLI’s on-demand web programs are not approved for CAMS credit.

New York State Social Worker Continuing Education (SW CPE):  PLI’s on-demand web programs are not approved for SW CPE credit.

American Bankers Association Professional Certification (ABA):  PLI’s on-demand web programs may fulfill ABA credit requirements.

 

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