Meeting Sponsors
ACA Compliance Group
Bingham McCutchen LLP
Lawrence, Kamin, Saunders & Uhlenhop, LLC
Levenfeld Pearlstein LLC
Except where noted, all NSCP workshops are closed to the Regulators and members of the press.
General Session (8:30 am - 10:00 am)
Dialogue With Area Regulators
Open to Regulators and members of the press
• Current topics
• Exam deficiencies and enforcement priorities
• Regulatory landscape and SRO rule consolidation
• Suitability and the aging investor: retirement and senior concerns
• Credit crisis and implications on regulations
Jane E. Jarcho, SEC, Chicago Regional Office*
Rosemary Hollinger, CFTC, Central Regional Office*
David W. Porteous, Levenfeld Pearlstein, LLC
Ed Wegener, FINRA, Chicago Regional Office*
WORKSHOP SESSION I (10:15 am - 11:30 am)
(a) BD — Supervisory Responsibilities
• Delegation of supervisory duties
• Supervision of branch offices and producing managers
• Supervisory red flag review: follow-up and documentation
• Supervisory controls and certification
Dean M. Jeske, Foley & Lardner LLP
Wesley L. Ringo, J. J. B. Hilliard, W. L. Lyons, LLC
(b) IA — Compliance And Risk Management Issues
• A systematic practical approach to identifying and dealing with conflicts
• Enhancing current disclosures – where and how
• Evaluation of supervisory controls
• Current regulatory hot topics
Steven G. Lentz, Faegre & Benson LLP
(c) HF — Hedge Fund Compliance And Risk Management Issues (Fund Managers and FoF Managers)
• Proposed Regulation: What it all may mean
• Managing Referral & Solicitor Relationships
• Preparing Marketing and Performance Information
• Implementing Trade Policies and Monitoring Trade Practices
• Valuation Practices
Jeffrey Levine, Mesirow Financial
Steven M. Malina, Greenberg Traurig, LLP
LUNCH (11:30 am - 12:45 pm)
WORKSHOP SESSION II (12:45 am - 2:00 pm)
(a) GI — Ethics For Compliance Officers**
• Your firm’s Code of Ethics – personal trading issues
• Escalation of unethical or non-compliant behavior
• Professional dealings with customers, intermediaries and peers
• Compensation and employment considerations
Miriam G. Bahcall, Greenberg Traurig, LLP
A. Brad Busscher, Mesirow Financial
Kenneth L. Wagner, William Blair & Company, LLC
(b) GI — Sampling Techniques And Compliance Testing**
• Practical approaches to test the firm’s internal controls – what is reasonable
• Acceptable standards regarding sampling methods
• Documenting the process and building a plan that leads to the CEO Certification
• Forensic testing: when will you need to do it? Daily or when bad things happen?
Jerry C. Danielson, Lincoln Financial Group
Brenda Fournier, Credit Agricole Asset Management
Joseph D. McDermott, Alaric Compliance Services, LLC
WORKSHOP SESSION III (2:15 pm - 3:30 pm)
(a) BD — Rule 3012 Reviews: What Finra Is Looking For
• The rulebook consolidation process - how to use it in your 3012 review and what are some of the rule changes
• The most effective procedures that may impress examiners
• How to demonstrate and document that you have done a stellar review
• Examples of compliance testing at small firms and large firms
• Key documents you should be able to produce
Alan J. Herzog, Wachovia Securities LLC
Lisa L. Tharpe, Foley & Lardner LLP
(b) IA — Compliance Rule Audits: What The SEC Is Looking For
• Top 5 exam deficiencies
• The most effective procedures that impress examiners
• How to demonstrate that you’ve accomplished a stellar risk assessment
• Examples of transactions and forensic testing
• Key documents you should be able to produce
Patricia C. Foster, The Law Offices of Patricia C. Foster, Esq., PLLC
Pamela K. Ziermann, Dougherty Financial Group LLC
(c) GI — Privacy Considerations: Regulation SP Amendments**
• Proposed Regulation SP amendments
• Information security safeguards and procedures
• Identifying, investigating and reporting on identity theft and privacy issues
• On-line account intrusions
William C. Alsover, Alsover Business Consulting
Mark T. Carberry, UBS Financial Services Inc.
Mike McVoy, U.S. Bancorp Fund Services, LLC
WORKSHOP SESSION IV (3:45 pm - 5:00 pm)
(a) BD — Considerations For Enhancing The Compliance Function
• Structure for a compliance department (small and large firms)
• Components of an effective compliance program
• Robust testing and independent reporting
• Recruiting and compensation
• Building an effective compliance training program
Kenneth M. Cherrier, Woodbury Financial Services, Inc.
David Fischer-Lodike, Edward Jones Investments
John D. Ruark, Lawrence, Kamin, Saunders & Uhlenhop, L.L.C.
(b) IA — Considerations For Enhancing The Compliance Function
• Structure for a compliance department (small and large firms)
• Components of an effective compliance program
• Robust testing and independent reporting
• Recruiting and compensation
• Building an effective compliance training program
Timothy M. Simons, Ashland Compliance Group LLC
(c) HF — Investor and Fiduciary Due Diligence Practices Post-Madoff: Trends and Best Practices
• Evaluating Hedge Fund Management and Investment Skill
• Understanding Conflicts of Interest
• Portfolio Level Dynamics: Investment return, risk, allocation, diversification
• Ongoing Monitoring
• Performing Audits: What to look for
Scott A. Meyers, Levenfeld Pearlstein, LLC
*Invited and pursuing authorization
**GI - General Interest; both IA and BD sides of the issue will be covered