Meeting Sponsors
ACA Compliance Group
ASHLAND
Bingham McCutchen LLP
Compliance Reporter
FIRE Solutions, Inc.
Kirkpatrick & Lockhart Preston Gates Ellis LLP
MyComplianceOffice
TD Ameritrade
Except where noted, all NSCP workshops are closed to the Regulators and members of the press.
General Session (8:15 am - 9:45 am)
Dialogue with area Regulators [GI] *
• OCIE and FINRA Exam Priorities; Top Deficiencies and Future Initiatives
• SEC and FINRA Enforcement Priorities
• Proposed Rules on Gifts and Entertainment
• Regulatory Initiatives for New Books and Records Rules
• Review and Supervision of Electronic Communications
Steven W. Hansen, Bingham McCutchen LLP
Michael Garrity, SEC Assistant Regional Director
Frederick F. McDonald, FINRA
WORKSHOP SESSION I (10:00 am - 11:15 am)
(a) IA Roundtable – Risk Management Processes
• Practical and Effective Risk Assessment Processes
• Defining of Material Compliance Event
• Compliance Program Best Practices
• Regulatory Focus on Insider Trading
• Portfolio Management Trading Compliance
Ndenisarya M. Meekins, K&L Gates
Joseph Hanczor, Pali Capital, Inc.
(b) BD Roundtable-Variable Annuities Sales
• Rule 2821
• Suitability Requirements in Light of FINRA Regulatory Notice 07-53
• Revenue Sharing Issues
William E. Donnelly, LeClairRyan
James B. Adelman, Commonwealth Financial Network
(c) Hedge Funds – Maintaining the Private Placement Exemption [Advanced]
• Traditional Reg D Considerations
• Marketing Issues
• Changes to Reg D and Rule 144
Mark P. Goshko, K&L Gates
Lisa Menelly, Fidelity Investments/FMR LLC Legal Department
WORKSHOP SESSION II (11:30 am - 12:45 pm)
(a) IA Roundtable – What Keeps Compliance Officers Up at Night
• Ongoing Testing, Supervision and Escalation
• Identification of Red Flags
• Personal Trading Practices
• Training with a Limited Budget
Jeffrey C. Morton, ACA Compliance Group
Janette L. Filbert, Prudential Investment Management
Michele F Lipschultz, Thrivent Financial for Lutherns
(b) BD Marketing to Seniors in the 21st Century
• Regulatory Initiatives and Guidance from FINRA, SEC and NASAA
• Are Seniors in a “Special Status” and What are “Best Practices” for them?
• Supervision of Complex Products
• Special Issues: Lunch Seminars, use of Titles and Ghost Written Materials
Richard C. Szuch, Bressler, Amery & Ross, P.C.
Peter J. Luiso, Fidelity Brokerage Services, Inc.
(c) Hedge Funds-Managing Non Public Information
• Receipt of Information About Upcoming PIPES Transactions
• Trading in Distressed Debt & Bank Loans
• Use of Consultants
• Side-By-Side Trading of Differing Strategies
• “Big Boy” Letters
Steven W. Hansen-Bingham McCutchen LLP
Derek Meisner, Regiment Capital Advisors LP
Lunch (12:45 – 2:00 pm)
Lunch will be organized by firm type and table topics for
discussion to facilitate attendees meeting others with similar firms and/or interest
WORKSHOP SESSION IIIV (2:00 pm - 3:15 pm)
(a) IA Conflicts of Interest Disclosures
• Codes of Ethics
• Gifts and Entertainment Policies
• Forms ADV, SAIs and Offering Documents
• IA Client Contracts and Documents
• Proxy Voting Procedures
Maureen Magner, Dechert, LLP
Ethan D. Corey, MFS Investment Management
(b) BD Supervisory Responsibilities
• Oversight of Front-Line Supervisors and Producing Managers
• Heightened Supervision Programs
• Rule 3010/3012/3013 Reports and Process
• Tracking Trends, Exceptions and Patterns of Concerns
• Supervision of Outside Business (Particularly RIA) Activities
• Ethics Training for Broker-Dealer Professionals
• The Role of a Compliance Officer vs the Role of a Supervisor
Deborah G. Heilizer, Sutherland Asbill & Brennan LLP
James F. McGuire, UVEST Financial Services, Inc.
David M. Sobel, Abel/Noser Corp.
(c) Hedge Funds — Trading Practices [Advanced]
• Trading Practices – Side-By-Side Management
• Conflicts of Interest – Disclosure/Best Practices
• Insider Trading Reviews
• “Hedge Fund Hotels”
• Prime Broker Capital Introduction Services
Michael S. Caccese. K&L Gates
Richard T. Chase, RBC Capital Markets Corporation
GENERAL SESSION (3:30 pm - 4:45)
Current Challenges for a CCO: Personal Liability and Beyond.
• Meals Case: Lessons Learned
• How to Protect Yourself
Anne C. Flannery, Morgan Lewis & Bockius, LLP