February 22, 2010
Marines' Memorial Club & Hotel
609 Sutter street
San Francisco, CA
$169 USD/night, please contact the hotel directly by Jan 28, 2010 to make your reservations: 1-800-562-7463.
Ask for the NSCP room block.
FEE SCHEDULE - DATE OF ACTUAL RECEIPT BY NSCP GOVERNS RATES CHARGED.
| If payment is received by: |
1/11/2010 |
2/09/2010 |
On Site |
| NSCP Member of Record |
$300.00 |
$325.00 |
$450.00 |
| Member Associate* |
$325.00 |
$375.00 |
$500.00 |
| Non-Member |
$375.00 |
$425.00 |
$600.00 |
*Non-member from the same firm.
Discount for additional people from the same firm
In order to help compliance departments educate their compliance staff, NSCP is offering a 20% registration fee discount for each additional attendee from within the same firm. Look for the discount code in the first registered attendee’s confirmation e-mail. If you have any questions, please e-mail Liza Wentworth at lwentworth@nscp.org.
Sign up and pay online
Meeting Host
Financial Tracking, LLC
Meeting Sponsors
ACA Compliance Group (ACA)
Ashland Partners
Bingham McCutchen LLP
Compliance11
K&L Gates LLP
Renaissance Regulatory Services, Inc. (RRS)
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
- Changes in the regulatory landscape: new rules and focuses
- Exam priorities, deficiencies, and enforcement
- Internal controls for compliance officers to consider
- Q & A (NSCP to solicit questions from registered attendees prior to the meeting)
Michelle L. Jacko, CSCP, Core Compliance & Legal Services, Inc. (moderator)
Christian Zrull, FINRA
Rosalind Tyson, SEC Pacific Regional Office*
WORKSHOP SESSION I (10:15 am - 11:30 am)
(a) BD – DETECTING AND PREVENTING FRAUD
- How to protect against misappropriation, insider trading and front running
- Detecting market manipulation activities and rumor mongering
- Identity theft and the new FTC red flag rule
- Fraud prevention techniques and education on how to recognize, react and report fraud (keys to prevention and detection)
Michele R. Fron, Keesal, Young & Logan
Diane P. Novak, Toyota Financial Services
(b) IA – DETECTING AND PREVENTING FRAUD
- New client due diligence, expectations and regulatory requirements
- Portfolio management and supervisory reviews
- Protecting against misappropriation, insider trading and front running
- Key employee bells and whistles and AML management
Anita K. Krug, Howard Rice Nemerovski Canady Falk & Rabkin, A Professional Corporation
Angela M. Mitchell, Capital Research and Management Company
(c) GI - PRIMER ON COMPLEX FINANCIAL INSTRUMENTS
- Vetting products
- The latest new products
- The risks of these products
- Ongoing monitoring of products
Joseph E. Floren, Morgan, Lewis & Bockius LLP
Joseph P. Tuorto, LPL Financial
LUNCH (11:30 am - 12:45 pm)
WORKSHOP SESSION II (12:45 am - 2:00 pm)
(a) BD – ADDRESSING NEW ISSUES IN FINRA, SEC AND STATE EXAMINATIONS AND ENFORCEMENT PROCEEDINGS
- What processes should you have in place to address top exam deficiencies, changes in examination and exam techniques
- How are firms addressing the latest new rules
- What is being referred to Enforcement – the new landscape
- Enforcement proceedings and the acceptance, waiver and consent process – who, what, when and how
John F. Hartigan, Morgan, Lewis & Bockius LLP
Bari Havlik, Chares Schwab & Co., Inc.
(b) IA – ADDRESSING NEW ISSUES IN SEC AND STATE EXAMINATIONS AND ENFORCEMENT PROCEEDINGS
- What processes should you have in place to address top exam deficiencies and changes in examination and exam techniques
- How are firms addressing the latest new rules
- What is being referred to Enforcement – the new landscape
- Enforcement proceedings and the settlement process – who, what, when and how
Sylvia M. Scott, Freeman, Freeman & Smiley, LLP
Debra Ann Early, Wells Fargo
(c) HF – COMPLIANCE AND RISK MANAGEMENT
- Risk evaluation of referral, sub-advisory, solicitor relationships: BDs, RIAs and finders, prime brokers, administrators, custodians
- Preparing marketing and performance information and the difference between offering disclosures and marketing disclosures
- Implementing and monitoring trading and valuation policies
- Registration and regulatory reform
David W. Porteous, Ulmer & Berne LLP
Helane L. Morrison, Hall Capital Partners LLC
WORKSHOP SESSION III (2:15 pm - 3:30 pm)
(a) BD — CONDUCTING INTERNAL COMPLIANCE REVIEWS
- Developing effective WSPs and demonstrating a stellar review process
- Examples of transaction, periodic and forensic testing
- NEW case study: How to identify gaps within your compliance program: focus on remote locations, outside business activities and new products (compliance testing that works)
- Documenting the sampling process and building a plan that leads to CEO Certification
Mary E. Cobb, M. E. Cobb Consulting
Kathy VanNoy-Pineda, LPL Finanical
(b) IA — CONDUCTING INTERNALCOMPLIANCE REVIEWS
- Developing effective policies and procedures and demonstrating a stellar review process
- Examples of transactional, periodic and forensic testing
- NEW case study: How to identify gaps within your compliance program: focus on custody, pay to play arrangements with affiliates and beyond, and due diligence of new products and service provider (compliance testing that works)
- Documenting the sampling process and building a plan that leads to an annual review report
Sharon Goldberg, ComplianceWorks, Inc.
Beth Ann Coleman, Allianz Global Investors
(c) HF – MANAGING CONFLICTS OF INTEREST
- Valuation, allocation, high water marks and performance fees
- Risk evaluation of third party arrangements: auditors, prime brokers, custodians, administrators and fund of fund manager relationships
- Side letter agreements, side by side trading
- NEW case study: How to provide effective, appropriate disclosures and consistent conduct (focus on offering memorandums, sales efforts and promotional materials for hedge funds)
Mark D. Whatley, Howard Rice Nemerovski Canady Falk & Rabkin, A Professional Corporation
Charles H. Field, Nicholas-Applegate Capital Management
WORKSHOP SESSION IV (3:45 pm - 5:00 pm)
(a) BD - MONITORING SUPERVISORY CONTROLS – Hear direct from a Branch Manager
- Supervisory expectations and certification
- Delegation of supervisory duties and outsourcing concerns
- Supervision of branch offices and producing managers
- Supervisory controls and red flag review: follow-up and documentation
W. Hardy Callcott, Bingham McCutchen LLP
Steven W. Hawkins, UBS Financial Services Inc.
Michael Williams, UBS Financial Services Inc.
(b) IA - COMPLIANCE AND RISK MANAGEMENT – Hear direct from Risk Management
- How to identify and deal with conflicts of interest
- Enhancing current disclosures – where and how
- Evaluation of supervisory controls and internal procedures
- Addressing the regulators’ and firm’s foremost concerns
Jason C. Roberts, Reish & Reicher, A Professional Corporation
(c) GI – INFORMATION SECURITY POLICIES AND PROCEDURES INCLUDING ELECTRONIC COMMUNICATIONS - Hear direct from IT
- Components of a comprehensive safeguards program and policy templates
- New and emerging technologies and their challenges (I-Phones, internet usage and beyond)
- Best practices and supervision solutions for social networking sites (Twitter, Linked-In, Facebook)
- Data encryption (laptops, PDAs, removable storage devices) and network security (physical security and firewalls)
Krista S. Zipfel, Advisor Solutions Group, Inc.
Craig Watanabe, Penniall & Associates, Inc.
Lisa J. Roth, Keystone Capital Corporation
*Invited and pursuing authorization
**GI - General Interest; both IA and BD sides of the issue will be covered