Compliance Issues for National Futures Association (NFA) Members

2013 Issues for NFA Members

 

Webinar: Compliance Issues for National Futures Association (NFA) Members

Wednesday, April 3, 2013, 1:30 pm - 2:45 pm ET

Presenters

  • Cary J. Meer, Partner, K&L Gates LLP
  • Lawrence B. Patent, Partner, K&L Gates LLP
  • Matt Pendell, Manager, Compliance, National Futures Association
  • Laura L. Grossman, Assistant General Counsel, IAA (Session Moderator)

Topics Covered

This webinar will address compliance issues for investment advisers relevant to members of the NFA. Some of the topics to be covered include:

  • Compliance with NFA Bylaw 1101
  • Preparing for an NFA audit
  • Self-examination checklists, annual questionnaires, registration updates and reporting
  • Ethics training and customer complaints
  • NFA developments 

Register Today

Registration for the live webinar has closed. To purchase a recording of this webinar, please select the "Registration" link on the left side of this page. The recording costs $125 for an IAA member or associate member and $200 for a non-member. If you have any questions, please contact the IAA events team at IAAEvents@investmentadviser.org or (202) 293-4222.

About the Presenters

 


Cary J. Meer is a partner in K&L Gates’ Washington, D.C. office and a member of the Investment Management practice group. She focuses her practice on private investment companies, including hedge and private equity funds, negotiated mergers and acquisitions of investment advisers and broker-dealers, derivatives and related areas. Ms. Meer structures private funds as limited liability companies, limited partnerships, offshore corporations, common trust funds and business trusts, and prepares disclosure documents and organizational documents for such entities. She also advises investment advisers, private fund managers and investment companies on compliance issues, including under the Investment Advisers Act of 1940 and whether their commodity interest-related trading or advice would require them to register as commodity pool operators or commodity trading advisors.

Lawrence B. Patent regularly counsels businesses with respect to commodity trading compliance and the legal requirements governing trading in over-the-counter derivatives and exchange-traded futures, including both international and U.S. markets. His clients include, among others, hedge funds, foreign currency dealers, commodity trading advisors and commodity pool operators. He services diverse client needs, including advice regarding the registration, disclosure, and other regulatory requirements of the Commodity Futures Trading Commission (“CFTC”) and National Futures Association (“NFA”), preparation of internal compliance procedures and policies for trading operations, time-sensitive legal advice concerning particular market positions and strategies, and compliance training. Mr. Patent joined K&L Gates in 2008 after serving more than thirty years as an attorney with the CFTC. His most recent senior position was as the Deputy Director of the Division of Clearing and Intermediary Oversight. He was the principal drafter of many CFTC regulations regarding intermediaries, including the original regulations governing introducing brokers in 1983 and the last major general reform of intermediary regulation in 2000, and he supervised the preparation of many important CFTC staff interpretive letters. He represented the CFTC in its dealing with other regulators, particularly the Securities and Exchange Commission (“SEC”), on issues relating to intermediaries, and is quite familiar with relevant regulations of the SEC and the Financial Industry Regulatory Authority. Mr. Patent was the original Chair of the Registration Working Group, which is composed of CFTC and NFA staff and meets several times a year to discuss issues relating to registration of intermediaries. Mr. Patent also worked with various foreign regulatory bodies in connection with review of their regulatory frameworks. He is a frequent panelist at futures industry conferences, particularly the opening "Soup to Nuts" panel that kicks off the Futures Industry Association Law and Compliance Division Annual Workshop. He is a member of the American Bar Association’s Derivatives and Futures Law Committee and the Futures Industry Association. He was also a contributor to the book Energy and Environmental Project Finance Law and Taxation.

Matt Pendell is a Manager of Compliance at National Futures Association where he has worked since 2001. His current responsibilities include overseeing staff who conduct financial and compliance audits, investigations and financial surveillance of brokerage firms in the commodity futures industry. Mr. Pendell is a graduate of Western Michigan University, where he majored in Finance.

Laura L. Grossman is Assistant General Counsel at the IAA. From September 2001 until December 2012, when she joined the Investment Adviser Association, Laura was in private practice in the New York office of Fulbright & Jaworski L.L.P., where she advised registered investment adviser, mutual fund and private fund clients on matters arising under the Investment Advisers Act and other federal securities laws, the Commodity Exchange Act and associated regulations, and a wide range of compliance issues.

 

Cancellation or Substitution

For the live webinar, cancellations and substitutions must be received in writing no later than 5:00pm ET Monday, April 1, 2013. There are no refunds for cancellations received after this date. Email your requests to lisa.gillette@investmentadviser.org.