Meeting Sponsors
ACA Compliance Group
ASHLAND
Bingham McCutchen LLP
Compliance Reporter
Fidessa Latentzero
Kirkpatrick & Lockhart Preston Gates Ellis LLP
MyComplianceOffice
Levenfeld Pearlstein, LLC
RegEd, Inc.
Except where noted, all NSCP workshops are closed to the Regulators and members of the press.
REGISTRATion (8:00 am)
General Session (8:30 am - 10:00 am)
Dialogue with area Regulators [GI]
• Proposed rules on gifts and entertainment
• Aftermath of overturning Rule 202(a)(11) [the “Merrill Lynch Rule”]
• Regulatory initiatives for new IA books and records rules
• Review, supervision and maintenance of electronic communications
• OCIE/FINRA Priorities: Top Deficiencies and Future Initiatives
David Canter
Daryl Hagel, Associate Regional Director, SEC San Francisco, CA
Christian Zrull, San Francisco Director
General Session (10:15 am - 11:30 am)
Safeguarding and Protecting Confidential Client Information [GI]
• 2007 presidential task force report
• Proposed model privacy notice form
• Precautions to protect against identity theft: portable devices and other risk areas
• Transitioning representatives (the Next Financial case)
• Safeguarding customer information - best practices
Michelle L. Jacko, Core Compliance & Legal Services, Inc.
Angela M. Mitchell, Capital Research and Management Company
Brian Applegate, WaMu Capital Corp.
Workshop Session I (11:45 pm - 1:00 pm)
(a) IA Roundtable – Risk Management Processes
• Preparing for the “new” SEC inspection process – New York’s “pilot” examination checklist
• IA performance marketing and advertising requirements
• Multi-channel challenges: cross-selling products across entities
• Regulatory focus on hedge funds
• Portfolio management trading compliance
David W. Porteous, Levenfeld Pearlstein, LLC
Emme Devonish, Transamerica Investment Management, LLC
(b) BD Roundtable – Risk Management Processes
• Supervising new products
• Marketing to seniors and military personnel
• Multi-channel challenges: cross-selling products across entities
• Regulatory focus on equity index annuities
• Supervision of gifts and entertainment
John Hartigan, Morgan, Lewis & Bockius LLP
Diane P. Novak, Washington Mutual
LUNCH (1:00 pm – 2:15 pm) CLOSED
• Discussion of compliance certification program
• Dates for 2008 NSCP National Meeting
• Table Topics for Lunch
Workshop Session II (2:15 pm - 3:30 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
• Ethics training for Compliance Professionals
W. Hardy Callcott, Bingham McCutchen LLP
Charles H. Field, Nicholas-Applegate Capital Management
Carrie Schoffman, ICON Advisers, Inc.
(b) BD Supervisory Responsibilities
• Oversight of front-line supervisors
• Heightened supervision programs
• Rule 3010/3012 reports and processes
• Tracking trends, exceptions and patterns of concerns
• Supervision of outside business (particularly RIA) activities
• Ethics training for Compliance Professionals
Mary Cobb, M. E. Cobb Consulting
Kerry E. Cunningham, ING Advisors Network
Craig Watanabe, Western International Securities, Inc.
Workshop III General Sessions (3:45 pm - 5:00)
(a) Developing, Testing and Maintaining Business Continuity Plans [GI]
• What every BCP must contain
• The essential elements of Succession Planning
• Communication with clients during significant business disruptions
• Annual testing and training
• Cost-effective solutions
Holly H. Smith,
Jeffrey O. Himstreet, M&I Wealth Management
Henry Sanchez, Jr., LPL Financial Services
(b) Anti-Money Laundering Program Requirements [GI]
• When and how to perform OFAC and FATF screens
• Know your customer requirements
• How to identify suspicious activities and report to the authorities
• Annual AML testing and training
• Distinguishing characteristics between BD from IA AML Program requirements
Andras Teleki, Kirkpatrick and Lockhart Preston Gates Ellis LLP
Charles Lowry, UBS Financial Services Inc.
Closing Remarks 4:45 pm
• Board Members / Speakers available to answer questions until 5:00 pm
Conference Concludes 5:00 pm