C2 20 Agenda

2020 Compliance Conference

2020 Compliance Conference Agenda

Wednesday, March 4

6:00 - 9:00pm

Early Registration
Beat the morning rush! Pick up your badge and conference materials tonight.

6:00 - 8:00pm

Welcome Reception
Sponsored by Baker McKenzie

Thursday, March 5

7:30 - 9:00am

Registration/Exhibitor Breakfast
Find your old friends and make new ones!

7:45 - 8:30am

Optional Breakfast Presentation: Operationalizing CCPA and GDPR Privacy Laws Through Technology
Sponsored by OneTrust

  • Alexander Bermudez, CIPP/E, CIPM, Enterprise Privacy Consulting Manager, Americas, OneTrust
While the California Consumer Privacy Act (CCPA) is now law, organizations face an onslaught of key amendments, as well as a rapidly growing list of now proposed bills, that will impact how organizations adapt to change. In this session, we’ll share an approach to implementing strategies and technologies to stay ahead of the regulatory curve, while operationalizing scalable programs for compliance, and creating a culture of trust.

9:00 - 9:15am

Welcome Remarks

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

9:15 - 9:45am

GENERAL SESSION: Fireside Chat with SEC Commissioner

  • The Honorable Allison Herren Lee, Commissioner, Securities and Exchange Commission
  • Karen L. Barr, President & CEO, Investment Adviser Association

9:45 - 10:00am

Networking Break

10:00 - 10:30am

GENERAL SESSION: Investment Management: SEC Division Director Dalia Blass

10:35 - 11:45am

Concurrent Compliance Breakout Sessions

Choose one of three sessions to attend in person. Video recordings of these breakout sessions will be available online to conference attendees shortly after the conference.

A Week in the Life of a CCO
These all-CCO panels will explore strategies to juggle the demanding compliance role through the lens of some typical challenges faced by CCOs. The sessions will provide insights into the scope of the role, working with the business side, navigating cost/benefit decisions, balancing multiple hats, and practical tips for compliance testing, training, and tackling long-term projects. 

  • Small Advisers
    • Robert E. Burks, Jr., Chief Compliance Officer, Brown Capital Management
    • Katie McGinley, Chief Compliance Officer, Mitchell, McLeod, Pugh & Williams, Inc.
    • Thomas J. Ritter, Sr. CSCP®, Director of Compliance, Journey Advisory Group, LLC and Lang Advisors, LLC
    • Jeremi Roux, CFA, General Counsel & Chief Compliance Officer, Hamlin Capital Management, LLC

  • Mid-Sized Advisers
    • Christopher Hayes, Chief Compliance Officer, Principal, 1919 Investment Counsel, LLC
    • Peggy E. Lebert, Managing Director and Chief Compliance Officer, Avalon Investment & Advisory
    • Pamela F. Pendrell, IACCP®, Chief Compliance Officer/Partner, GlobeFlex Capital, L.P.
    • Jacob D. Smith, Principal, General Counsel and Chief Compliance Officer, Luther King Capital Management

  • Large Advisers
    • Claire G. Burke, Chief Compliance Officer, Vanguard Advisers, Inc.
    • Mark A. Egert, Chief Compliance Officer, JPMorgan Investment Management Inc. and Head of Asset Management Americas Compliance
    • Lee A. Faria, Vice President and Chief Compliance Officer, Columbia Management Investment Advisers, LLC
    • Jessica Zerges, Legal and Compliance, Capital Research & Management Company

11:45am - 1:00pm

Lunch: The Future of the Profession
Sponsored by McDermott Will & Emery
What will your business look like in 5-10 years? Get a glimpse of the kinds of issues that CEOs and COOs are wrestling with and return to your firm with valuable insights that can help your leaders think ahead.

  • Brian Gallagher, Managing Director, Chief Administrative Officer, 1919 Investment Counsel, LLC
  • Lillian Peros, Regional Vice President, Relationship Management, Fidelity
  • Robyn Forman Pollack, Managing Director, AchieveNEXT
  • Mark Schoeff Jr., Senior Reporter, InvestmentNews, MODERATOR

1:00 - 1:45pm

Dessert with Exhibitors

1:45 - 2:45pm

Concurrent Compliance Breakout Sessions

Choose one of four sessions to attend in person. Video recordings of these breakout sessions will be available online to conference attendees shortly after the conference.

  1. Cybersecurity as a Second Language: Increasing Cybersecurity Fluency 

      Hear about the latest risks and trends in cybersecurity preparedness arising from recent SEC risk alerts and cyber sweep examinations, including relating to fund transfers, third parties, detection of unauthorized activity, and cloud-based networks, and learn about effective training methods to keep awareness of security threats front and center. What standards are expected for advisers with limited resources – and which are merely nice-to-have? What does the SEC expect a CCO to know/be responsible for? How fluent should the CCO be in talking about and understanding the technical elements of an adviser’s cybersecurity program?

      • Ryan Spelman, Senior Manager, Duff & Phelps
      • Alexis Hall, Senior Special Counsel and Acting Associate Director, Technology Controls Program, Office of Compliance Inspections and Examinations, Securities and Exchange Commission
      • E.J. Yerzak, CISA, CISM, CRISC, Director of Cyber IT Services, Compliance Solutions Strategies (CSS)
      • Kimberly Peretti, CISSP, Partner, Alston & Bird LLP, MODERATOR

    1. Countdown to Form CRS
      With the compliance date to implement the new Form CRS Relationship Summary for retail investors mere months away, get tips on preparing and delivering your Form CRS (new Part 3 of Form ADV), and learn about potential implementation and operational issues.

      • Danielle Nicholson Smith, Vice President and Senior Legal Counsel – U.S. Communications and Digital Services, T. Rowe Price Investment Services, Inc. and T. Rowe Price Advisory Services, Inc.
      • Ben Tecmire, Senior Counsel, Investment Adviser Regulation Office, Securities and Exchange Commission
      • Jennifer L. Klass, Co-Chair, North America Financial Regulation and Enforcement Practice, Baker & McKenzie LLP
      • Sanjay Lamba, Associate General Counsel, Investment Adviser Association, MODERATOR

    2. GIPS 2020: Understanding the New Standards Clearly
      With GIPS 2020 effective as of January 1, 2020, advisers claiming compliance need to prepare to apply the new standards to performance periods ending on or after December 31, 2020. Panelists will review the significant changes in the standards and their anticipated impact on advisers.

      • Karyn Vincent, CFA, CIPM, CPA, Senior Head, Global Industry Standards, CFA Institute and GIPS Standards Executive Director
      • Grace Man, Senior Manager, Franklin Templeton Investments
      • Jed Schneider, CIPM, FRM, Senior Vice President, GIPS Compliance and Performance Reporting, Lazard Asset Management
      • Paul Glenn, Special Counsel, Investment Adviser Association, MODERATOR

    3. Getting Ready for Proxy Voting Season
      Learn how recent actions by the SEC and DOL related to proxy voting affect investment advisers and what advisers should focus on as we head into proxy season, including advisory agreements, policies and procedures, and oversight of third parties.

      • Scot Draeger, President and General Counsel, R. M. Davis, Inc.
      • Steven A. Yadegari, Chief Operating Officer and General Counsel, Cramer Rosenthal McGlynn, LLC
      • Robert E. Plaze, Partner, Proskauer Rose LLP
      • Sarah A. Buescher, Associate General Counsel, Investment Adviser Association, MODERATOR

    2:50 - 3:50pm

    Concurrent Compliance Breakout Sessions

    Choose one of four sessions to attend in person. Video recordings of these breakout sessions will be available online to conference attendees shortly after the conference

    1. Vendor Due Diligence: One Approach Does Not Fit All
      Learn about different strategies for conducting due diligence, who is typically involved in the process, identifying vendor risks, differences in initial and ongoing processes, important contract provisions, supervision considerations when outsourcing, and SEC guidance on how an adviser should assess third-party service providers.
      • Maria Chambers, Chief Compliance Officer, Klingenstein Fields Wealth Advisors
      • Ian J. McPheron, Head of Legal—Americas, Aviva Investors
      • Robert Lavigne, Managing Director, Bates Compliance
      • Michael B. Koffler, Partner, Eversheds Sutherland (US) LLP, MODERATOR

    2. Registered Funds: The Latest Developments
      Discuss issues facing advisers and sub-advisers of registered funds, including updates on SEC regulations and guidance, and the SEC’s risk-based examination initiatives focused on registered investment companies.
      • Joseph Allessie, Deputy General Counsel, Harris Associates L.P.
      • Robert Toner, Chief Legal Counsel Investment Management, William Blair & Company, LLC
      • Andrea Ottomanelli Magovern, Branch Chief, Chief Counsel’s Office, Securities and Exchange Commission
      • George B. Raine, Partner, Ropes & Gray LLP

    3. Private Equity Funds Update
      Address key regulatory issues for private equity fund advisers, including allocation of fees and expenses, conflicts of interest and disclosure, valuation, ESG, and other legal and compliance program issues unique to private equity fund advisers. Discuss initiatives in the Private Funds Unit of OCIE.
      • Joann Harris, Chief Compliance Officer and Deputy General Counsel, TPG Global, LLC
      • Gwen Reinke, Chief Compliance Officer, Vista Equity Partners
      • Igor Rozenblit, Co-Head, Private Funds Unit, Securities and Exchange Commission
      • Joshua Westerholm, Partner, Kirkland & Ellis, MODERATOR

    4. Compliance Training: A Marathon Without a Finish Line
      Discover different approaches to compliance training — including the pros and cons of email reminders vs. in-person vs. online training; third party vs. custom content; mandatory vs. voluntary training — documenting training, and integrating compliance training with your firm’s other education needs. This session will cover new hires, and annual and targeted training.
      • Elaine Banar, Global Head of Anti-Money Laundering and Anti-Corruption Compliance, Guggenheim Partners, LLC
      • Lori Weston, Managing Director, Foreside
      • Matthew Bromberg, Partner, Dorsey & Whitney LLP
      • Laura Grossman, Associate General Counsel, Investment Adviser Association, MODERATOR

    3:50 - 4:10pm

    Networking Break

    4:10 - 4:20pm

    Key Takeaways from Day 1

    4:20 - 5:35pm

    GENERAL SESSION: Managing Data Privacy
    Explore key updates and best practices on managing data privacy compliance, including a discussion of the SEC’s recent Risk Alert on Regulation S-P, the SEC's Identity Theft Red Flags Rule, preparing for the impact of the California Consumer Privacy Act and other impending state and global data privacy laws, and EU General Data Protection Regulation developments. Particular attention will be paid to issue identification and implementation challenges, as well as privacy considerations in advertising and marketing efforts.

    • Glen Guymon, Vice President and Senior Counsel, Dodge & Cox
    • Karen Nash-Goetz, Vice President & Senior Legal Counsel, T. Rowe Price Associates, Inc.
    • Paul Schappell, Senior Principal Consultant, ACA Aponix
    • Colleen Brown, Partner, Sidley Austin LLP, MODERATOR

    5:35- 7:00pm

    Cocktail Reception

    Friday, March 6

    7:30 - 8:55am

    Exhibitor Breakfast

    7:45 - 8:45am

    Optional Breakfast Presentation

    Ethics for Advisers
    This session is approved for one hour of IACCP® continuing education ethics credit.
    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.

    • Theresa Brunsman, Vice President, Associate General Counsel, Nuveen Asset Management
    • Ivy Wafford Duke, Chief Compliance Officer, National Real Estate Advisors, LLC
    • Kurt Wachholz, IACCP®, Director of Education and Executive Consultant, NRS
    • Paul M. Miller, Partner, Seward & Kissel, MODERATOR      

    8:55 - 9:00am

    What to Expect on Day 2

    9:00 - 10:00am

    GENERAL SESSION: Exams & Enforcement: A Conversation with SEC Division Directors 

    • Peter Driscoll, Director, Office of Compliance Inspections and Examinations, Securities and Exchange Commission
    • Steven Peikin, Co-Director, Division of Enforcement, Securities and Exchange Commission
    • Nick Morgan, Partner, Paul Hastings LLP
    • Gail Bernstein, General Counsel, Investment Adviser Association, MODERATOR

    10:00 - 10:15am

    Networking Break 

    10:15 - 11:15am

    GENERAL SESSION: Everyone Has Them: Identifying, Disclosing, and Managing Conflicts of Interest Under Your Fiduciary Duty
    The SEC's focus on conflicts arising from advisers’ compensation practices is expanding. Issues around whether conflicts disclosures are sufficiently specific so that clients can provide informed consent are increasingly coming up in enforcement actions, particularly related to share class selection disclosure and revenue sharing. Learn about how to identify and disclose conflicts and the implications for your disclosures of the SEC’s interpretation of the fiduciary duty, the Division of Investment Management's FAQs regarding adviser disclosure of compensation-related conflicts, and recent enforcement cases.

    • Marshall Sprung, Senior Managing Director and Global Head of Compliance, The Blackstone Group
    • David Bartels, Associate Director, Chief Counsel’s Office, Securities and Exchange Commission
    • James G. Lundy, Partner, Faegre Drinker Biddle & Reath, LLP
    • Julie M. Riewe, Partner, Debevoise & Plimpton LLP, MODERATOR

    11:15 - 11:30am

    Networking Break 

    11:30am - 12:30pm

    Concurrent Compliance Breakout Sessions

    Choose one of four sessions to attend in person. Video recordings of these breakout sessions will be available online to conference attendees shortly after the conference.

    1. Trading, Best Execution, and the Future of Soft Dollars
      Trading practices of investment advisers constantly adapt to a shifting regulatory landscape. Examine the increasingly complex legal and compliance issues related to the duty to seek best execution, soft dollars and the provision of research, MiFID II, trade aggregation and allocation, and principal and cross trading.
      • Brian Simon, General Counsel, Harding Loevner LP
      • Vanessa L. Horton, Assistant Regional Director, Office of Compliance Inspections and Examinations, Securities and Exchange Commission
      • Christine Lombardo, Partner, Morgan, Lewis & Bockius LLP
      • Monique Botkin, Associate General Counsel, Investment Adviser Association, MODERATOR

    2. Institutional Client Servicing: Strategies for Managing Onboarding Challenges
      Prepare for handling institutional client and prospect meetings, reviewing collateral, responding to difficult RFP questions, managing differences in client requests for information (e.g., diligence questionnaires, Section 15(c) materials), providing data for consultant databases, and addressing requests for potentially sensitive information (e.g., exam letters, compliance issues/violations, personal information on employees).
      • Kevin Ehrlich, Manager, U.S. Regulatory Affairs & CCO, Western Asset Management Company
      • Jeff Engelsman, Managing Director and Chief Compliance Officer, TCW Group, Inc.
      • Wendy Fox, Senior Vice President, Chief Compliance Officer, Ariel Investments
      • Alan P. Goldberg, Partner, Stradley Ronon Stevens & Young, LLP, MODERATOR

    3. Life Cycle of an SEC Examination
      In addition to going over the SEC exam process and providing tips for preparing to be examined, the panel will help you understand common deficiencies, learn approaches to challenging scenarios such as pushing back on deficiency findings, gain insights on how to manage a correspondence exam vs. an onsite exam, and keep up-to-date on recent developments that signal OCIE’s current focus areas.
      • Marita Bartolini, Assistant Director, Office of Compliance Inspections and Examinations, Securities and Exchange Commission
      • Jaqueline M. Hummel, IACCP®, Managing Director and Partner, Hardin Compliance Consulting LLC
      • Richard D. Marshall, Partner, Katten Muchin Rosenman LLP
      • Michelle L. Jacko, CSCP, Managing Partner and CEO, Jacko Law Group, PC, and Founder and CEO, Core Compliance & Legal Services, Inc., MODERATOR

    4. ESG Investing: Sustaining Compliance in an Evolving Regulatory Environment

      Explore compliance controls that are needed to keep up with developments in U.S. and international regulations related to Environmental, Social, and Governance investing, clients’ and consultants’ increasing demands, the use of stewardship codes, and what compliance professionals should know about ESG compliance practices.

      • John Hoeppner, Head of US Stewardship and Sustainable Investments, Legal & General Investment Management America, Inc.
      • Kathy Lewis, Chief Compliance Officer, First Affirmative Financial Network, LLC
      • Paula Bosco, Co-Founder & CEO, Activus Risk Management
      • Julien Bourgeois, Partner, Dechert LLP, MODERATOR

    12:30 - 1:40pm

    Lunch: Hot Topics from Inside the Beltway
    Sponsored by Ropes & Gray 
    Hear about what's brewing on Capitol Hill, as well as regulatory developments including recent proxy voting guidance, the SEC's standards of conduct rulemaking package, and the implications of proposed amendments to the SEC's advertising and cash solicitation rules.

    • Christine Carsman, Senior Policy Advisor, Affiliated Managers Group, Inc.
    • Rick A. Fleming, Investor Advocate, Office of the Investor Advocate, Securities and Exchange Commission
    • Karen L. Barr, President & CEO, Investment Adviser Association
    • Neil Simon, Vice President for Government Relations, Investment Adviser Association

    1:40 - 2:15pm

    Dessert with Exhibitors

    2:15 - 3:15pm

    GENERAL SESSION: Leveraging Technology to Automate Compliance
    Learn how to leverage technology for day-to-day compliance areas where it can be most effective, such as trading surveillance and controls; best execution; email review and compliance testing; archiving text messages and new messaging systems; as well as approaches to monitoring/supervision practices, handling sensitive data, managing data productions, and integrating technology with an adviser’s compliance program.

    • David Edwards, President & Wealth Advisor, Heron Wealth
    • Rosa Licea-Mailloux, Vice President, Director of Corporate Compliance, MFS Investment Management
    • Justin Meagher, Managing Director, SS&C
    • Michael McGrath, Partner, K&L Gates LLP, MODERATOR


    Closing Remarks and Conference Adjournment