C2 19 Agenda

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2019 Compliance Conference Agenda

Wednesday, March 13

5:00 - 7:00pm

Early Registration

Thursday, March 14

7:15 - 8:00am

Registration/Continental Breakfast

8:00 - 8:45am

Roundtable Discussions (Registration/Continental Breakfast)
Find your old friends and make new ones!

8:45 - 9:00am

Welcome Remarks

  • Kevin Ehrlich, Manager, U.S. Regulatory Affairs & CCO, Western Asset Management Company, Conference Chair
  • Karen L. Barr, President & CEO, IAA

9:00 - 9:30am

Fireside Chat with The Honorable Robert J. Jackson, Jr., Commissioner, Securities and Exchange Commission, with Karen L. Barr, IAA President & CEO

9:30 - 10:30am

Exams & Enforcement: A Conversation with SEC Division Directors

  • Peter Driscoll, Director, Office of Compliance Inspections and Examinations, Securities and Exchange Commission 
  • Stephanie Avakian, Co-Director, Division of Enforcement, Securities and Exchange Commission
  • Gail Bernstein, General Counsel IAA, Moderator

10:30 - 11:00am

Networking Break

11:00 - 12:00pm

Concurrent Compliance Breakouts
Choose one of four sessions to attend in person. Video recordings of all breakout sessions will be available online exclusively to conference attendees after the conference.

  1. Compliance 101: Tips for Getting Started in Compliance

    If you’re new to compliance or switching roles, this panel will discuss how to get a handle on what is required, the core parts of the compliance program rule under the Advisers Act, what it means to be a fiduciary to clients, the CCO’s role, working with the business side, resources to help you stay informed of regulatory developments, and regulators’ expectations.

    • Claire G. Burke, Chief Compliance Officer, Vanguard Advisers, Inc.
    • James R. Prescott, Vice President, Compliance, Ariel Investments, LLC
    • Robert E. Plaze, Partner, Proskauer Rose LLP
    • Laura L. Grossman, Associate General Counsel, IAA, Moderator

  2. Annual Reviews and the Client Servicing Side of Compliance

    This panel will discuss best practices for managing the client servicing side of compliance. Hear what the SEC expects advisers to do, ways to involve business colleagues, and practical ideas to integrate your firm’s everyday processes into testing, reporting, documentation, and the annual review as they relate to the firm’s client-facing activities.

    • Scot E. Draeger, Vice President, Director of Wealth Management, General Counsel, Chief Compliance Officer, R. M. Davis, Inc.
    • Pamela Pendrell, Partner, Chief Compliance Officer, GlobeFlex Capital
    • Staff member, Office of Compliance Inspections and Examinations, Securities and Exchange Commission
    • Michael W. McGrath, Partner, K&L Gates LLP, Moderator

  3. ESG Investment Process Compliance

    This panel will discuss developments in U.S. and international regulations related to Environmental, Social, and Governance investing, the use of stewardship codes, and what compliance professionals should know about ESG compliance practices.

    • Elizabeth Halterman, Legal Counsel, Legislative and Regulatory Affairs, T. Rowe Price Associates, Inc.
    • Paula Bosco, Co-Founder & CEO, Activus Risk Management
    • Gwendolyn A. Williamson, Partner, Perkins Coie LLP
    • Sarah A. Buescher, Associate General Counsel, IAA, Moderator

  4. GIPS 2020: Preparing for the Impact on Advisers' Marketing Activities 

    Advisers interested in adopting or following the Global Investment Performance Standards (GIPS) will want to hear about preparing to become GIPS compliant, maintaining compliance, and current and potential GIPS developments and consultations including GIPS 2020, Guidance on Overlays, Benchmarks, Supplemental Information, Verification, and others.

    • Karyn Vincent, CFA, CIPM, Head, Global Industry Standards and GIPS Executive Director, CFA Institute
    • James O’Leary, GIPS Compliance Analyst, BNY Mellon Asset Management North America
    • Justin S. Guthrie, CFA, Partner, ACA Performance Services
    • Paul D. Glenn, Special Counsel, IAA, Moderator

12:00 - 2:00pm

Networking Lunch with Featured Speaker
Cybersecurity: What the FBI Wants Advisers to Know

  • Mitchell Thompson, Supervisory Special Agent, Cyber Division, Federal Bureau of Investigation

2:00 - 3:00pm

Concurrent Compliance Breakouts
Choose one of four sessions to attend in person. Video recordings of all breakout sessions will be available online exclusively to conference attendees after the conference.

  1. Considerations for Senior Clients

    Advisers with individual clients need to be particularly attentive to aging clients and clients with reduced capabilities. Examiners are focusing on senior clients under the SEC’s ReTIRE initiative and are expecting to see robust policies and procedures in this area, including with respect to recommending IRA rollovers, onboarding clients or employees, and drafting investment management agreements. Firms will also want to know how to implement the provisions of the Senior$afe Act, including training employees and dealing with government authorities. This panel will cover contractual and operational steps that can help advisers address these issues.

    • Ronald Long, Director of Regulatory Affairs and Elder Client Initiatives, Wells Fargo Advisors
    • Staff member, Office of Compliance Inspections and Examinations, Securities and Exchange Commission
    • Kerry A. Zinn, Principal, Bressler, Amery & Ross, P.C.
    • Michelle L. Jacko, CEO, Core Compliance & Legal Services, Inc., Moderator

  2. FinTech/Use of Big Data

    Large and small firms alike are affected by technology and big data. The SEC is relying more and more on prodigious amounts of data in its policy making and examination and enforcement efforts. This panel will discuss the use of data and technology in the investment and regulatory processes, as well as in testing, data aggregation, use of the cloud and data storage, digital platforms, models, and algorithms, and exploration of blockchain, artificial intelligence, and "reg-tech."

    • Catherine (Katy) Courtney GordonVice President and Corporate Counsel, Prudential Financial, Inc.
    • James Ferrarelli, Vice President and Head of Investment Management Technology, Charles Schwab & Co., Inc. 
    • Thomas P. Vartanian, Founder and Executive Director of the Financial Regulation & Technology Institute, Antonin Scalia Law School, George Mason University
    • Alexander Gavis, SVP & Deputy General Counsel, Fidelity Investments, Moderator

  3. Tackling Trading

    The trading environment has become increasingly complex and compliance policies and procedures must keep pace with these changes. This panel will examine compliance issues governing trading, including best execution, soft dollars, order routing, trade aggregation and allocation, principal and cross trading, and client-directed brokerage. Panelists will also discuss options for addressing the trade errors that inevitably occur despite reasonably designed procedures.

    • Lewis Collins, General Counsel, GW&K Investment Management
    • Staff member, Office of Compliance Inspections and Examinations, Securities and Exchange Commission
    • Jennifer L. Klass, Partner, Morgan, Lewis & Bockius LLP
    • Monique S. Botkin, Associate General Counsel, IAA, Moderator

  4. Playing by the Rules: Pay-to-Play, Lobbying and Gifts

    Panelists will discuss updates to pay-to-play, lobbying and related regulations, recent inspection and enforcement activity, and best practices for compliance policies and procedures in this area.

    • Garrett C. Broadrup, Vice President and Senior Counsel, Affiliated Managers Group, Inc.
    • Holly Hunter-Ceci, Assistant Chief Counsel, Division of Investment Management, Securities and Exchange Commission
    • Keith Marks, General Counsel and Executive Director, Compliance Solutions Strategies
    • Ki P. Hong, Partner, Skadden, Arps, Slate, Meagher & Flom LLP, Moderator

3:00 - 3:15pm

Networking Break

3:15 - 4:15pm

Regulatory Update on SEC Rulemakings
Learn about late-breaking developments regarding recent SEC rulemakings and regulatory initiatives, including potential amendments to the advertising and cash solicitation rules, Form CRS for investment advisers, the SEC’s review of proxy voting, the latest information involving the custody rule, and more.

  • Kevin Ehrlich, Manager, U.S. Regulatory Affairs & CCO, Western Asset Management Company
  • Sarah G. ten Siethoff, Associate Director for the Rulemaking Office, Division of Investment Management, Securities and Exchange Commission
  • Michael L. Sherman, Partner, Dechert LLP
  • Sanjay Lamba, Associate General Counsel, IAA, Moderator

4:15 - 5:15pm

Combatting Common Cybersecurity Threats/Data Privacy Developments

Hear about recent cyber-related SEC enforcement cases and what SEC enforcement staff looks for in investigations. Refresh your understanding of regulatory requirements. Learn strategies to help avoid your firm becoming victim to some of today’s most common cyber threats, including spear phishing attacks, domain spoofing, viruses, and malware. Gain insights into mobile device management, encryption, remote/home office IT security, and digital voice assistants. This panel will also update you on ongoing privacy protection issues, including GDPR implementation and developing laws “inspired” by GDPR, explain the application of the California Consumer Privacy Act of 2018 to investment advisers, and discuss Reg S-P and relevant state law developments.

  • Sharanya Mitchell, Global Regulatory Counsel and Chief Privacy Officer, Cohen & Steers, Inc.
  • Robert A. Cohen, Chief, Cyber Unit, Division of Enforcement, Securities and Exchange Commission
  • Ash Khan, Managing Director, Treliant, LLC
  • Jonathan G. Cedarbaum, Partner, WilmerHale, Moderator

5:15 - 7:15pm

Cocktail Reception
Hotel Concierge will be available during the reception to assist with restaurant recommendations and reservations for dinner.

Friday, March 15

7:30 - 8:30am

Compliance Roundtable Breakfast
Share information with your peers about resources, tools, and best practices for your compliance program and the role of compliance in your firm. Choose from the following topics: Annual Reviews, Compliance 101, Cybersecurity, ESG, Exams, FinTech, GIPS, Institutional Clients, Pay-to-Play, Privacy, Private Fund Clients, Registered Investment Companies, Retail Clients, Senior Clients, Smaller Advisers, Trading, or No Shop Talk – Just Breakfast.

8:30 - 9:30am

Investment Management: A Conversation with SEC Division Director Dalia Blass

9:30 - 10:30am

SEC Exams
The panelists will demystify how the Office of Compliance Inspections and Examinations (OCIE) selects and examines investment advisers, uses data, and sets examination priorities and initiatives. Become informed about recent areas of focus, common deficiencies found in exams, and practical tips on preparing for an SEC examination.

  • Mary E. Keefe, Director of Regulatory Affairs, Nuveen Asset Management
  • Staff member, Office of Compliance Inspections and Examinations, Securities and Exchange Commission
  • Kenneth W. Clowers, Managing Director, ACA Compliance Group
  • Mark Perlow, Partner, Dechert LLP, Moderator

10:30 - 11:00am

Networking Break 

11:00 - 12:00pm

Concurrent Compliance Breakouts
Choose one of four sessions to attend in person. Video recordings of all breakout sessions will be available online exclusively to conference attendees after the conference.

  1. Hedge Funds Hot Topics

    Panelists will discuss regulatory topics of interest to hedge fund advisers, including allocation of fees and expenses, disclosure, co-investments, conflicts of interest, side letters, valuation, and other legal and compliance program issues unique to hedge fund advisers. The panelists will also hear about initiatives in the Private Funds Unit of the SEC’s Office of Compliance Inspections and Examinations.

    • Jisha Dymond, Chief of Staff & Compliance Counsel, Oz Management
    • John Pollard, Director of Compliance, EJF Capital LLC
    • Staff member, Office of Compliance Inspections and Examinations, Securities and Exchange Commission
    • Patricia A. Poglinco, Partner, Seward & Kissel LLP, Moderator

  2. Private Equity Funds Perspectives

    Hear the latest about key regulatory issues for private equity fund advisers, including allocation of fees and expenses, conflicts of interest and disclosure, valuation, and other legal and compliance program issues unique to private equity fund advisers. 

    •  
    • Marshall Sprung, Managing Director and Global Head of Compliance, Blackstone Alternative Asset Management LP
    • Jennifer Songer, Branch Chief, Private Funds Branch, Investment Adviser Regulation Office, Division of Investment Management, Securities and Exchange Commission
    • Aaron J. Schlaphoff, Partner, Kirkland & Ellis LLP, Moderator

  3. Registered Funds Roundup

    Panelists will discuss issues facing advisers and sub-advisers of registered funds, including updates on SEC regulations, the SEC’s risk-based examination initiatives focused on registered investment companies, liquidity risk management implementation, other key reporting obligations, and sub-adviser due diligence processes.

    • Rana J. Wright, General Counsel, Harris Associates L.P.
    • Joanna Catalucci, Senior Managing Director and CCO, Guggenheim Funds
    • Thoreau A. Bartmann, Senior Special Counsel, Division of Investment Management, Securities and Exchange Commission
    • Roberta Ufford, Senior Special Counsel, Division of Investment Management, Securities and Exchange Commission
    • Kenneth J. BermanPartner, Debevoise & Plimpton LLP, Moderator

  4. Smaller Advisers: Making the Most of Limited Resources 

    Smaller advisers have the challenge of doing more with less. All the same rules apply but these advisers have only so much bandwidth. This panel will discuss how to be efficient, set priorities, streamlining of processes, use of sampling, different approaches to testing, documenting of work as part of an annual review, and use of service providers, trade associations, regional discussion groups, software, affiliates, and more.

    • Sharon C. Buccafusco, Vice President, Tradition Capital Management LLC
    • David Edwards, President & Wealth Advisor, Heron Wealth
    • Linda Shirkey, President, The Advisor's Resource, Inc.
    • Mari-Anne Pisarri, Partner, Pickard Djinis & Pisarri LLP, Moderator

12:00 - 1:30pm

Networking Lunch: Sponsored by Ropes & Gray LLP
Fiduciary Forum: The Latest Update on All Things Fiduciary

  • Christine Carsman, Executive Vice President and Senior Policy Advisor, Affiliated Managers Group, Inc.
  • Christopher Gilkerson, Senior Vice President, General Counsel, Charles Schwab & Co., Inc.
  • Neil Simon, Vice President for Government Relations, IAA
  • Karen L. Barr, President & CEO, IAA, Moderator

1:30 - 2:00pm

Networking Break

2:00 - 3:00pm

Ethics for Advisers
An adviser’s code of ethics reflects its fiduciary obligation to its clients. This panel will discuss codes of ethics, gift and entertainment and whistleblower policy issues and scenarios, and best practices for monitoring, testing, administering and enforcing these policies.

  • Tanya Kerrigan, Vice President and Assistant General Counsel, MFS Investment Management
  • Robert Saperstein, Senior Managing Director, Guggenheim Partners, LLC
  • Eva Ciko Carman, Partner, Ropes & Gray LLP, Moderator

3:00pm

Adjourn

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