SEC and CFTC Red Flags for Investment Advisers

 

Webinar: SEC and CFTC Red Flags for Investment Advisers

Wednesday, June 19, 2013, 1:30 pm - 3:00 pm ET

Presenters

  • Satish Kini, Partner, Debevoise & Plimpton LLP
  • Christopher P. Hayes, Senior Legal Counsel & Vice President, T. Rowe Price Associates
  • Hunter Jones, Assistant Director, Investment Company Regulation Office, SEC Division of Investment Management
  • Thoreau Bartmann, Branch Chief, Investment Company Regulation Office, SEC Division of Investment Management
  • Melissa Roverts, Branch Chief, Investment Adviser Regulation Office, SEC Division of Investment Management
  • Paul Glenn, Special Counsel, IAA (Session Moderator)

Topics Covered

The Dodd Frank Act gave the SEC and CFTC authority to adopt Red Flags Rules for firms they regulate. Investment advisers, including newly registered advisers to private funds, need to evaluate the applicability of red flags rules for their firm based on the SEC’s statements in the adopting release, rather than relying on any prior assessments of previous FTC red flags rules. (The Red Flags Rule S-ID is effective May 20 and the enforcement date is November 20.)

This webinar will focus on key compliance issues for advisers, including:

  • Understanding the new SEC/CFTC Red Flags Rules and how they apply to advisory firms
  • Assessing if advisers have the ability to direct transfers or payments from client accounts belonging to individuals to third parties upon an individual’s instructions
  • Developing a Red Flags Identity Theft Prevention Program (ITPP) including: preparing written policies and procedures, policy approvals, risk assessment, detecting and resolving red flags, training, and updating
  • Q&A with SEC staff presenters

Register Today

Registration for the live event has closed, but the recording can still be purchased by selecting the "Registration" or "Group Registration" links on the left side of this page.

Live Recording Both
Members and Associate Members $125 $125 $200
Non-Members $200 $200 $375

About the Presenters

 

Satish Kini is Partner, Co-chair of the firm’s Banking Group and a member of the Financial Institutions Group at Debevoise & Plimpton LLP, Washington, D.C. Satish advises domestic and international financial institutions on a wide range of regulatory and transactional banking issues. Prior to joining Debevoise in 2009, Satish was a partner at Goodwin Procter, a partner at Wilmer Cutler & Pickering in Washington, D.C., and counsel in the Legal Division of the Federal Reserve Board. Kini clerked for Judge Richard J. Cardamone of the U.S. Court of Appeals for the Second Circuit and received his B.A. magna cum laude from Colgate University, and his J.D. from Columbia University School of Law.
Christopher Hayes is a Vice President of T. Rowe Price Group, Inc., T. Rowe Price Associates Inc., T. Rowe Price International Ltd, T. Rowe Price Advisory Services, and T. Rowe Price (Canada), Inc. He is a senior legal counsel in the Legal Department of T. Rowe Price Associates. Before joining T. Rowe Price in 2005, he was with The Boston Company Asset Management, LLC. Hayes earned a B.S., cum laude, in criminal justice from Salem State University, and a J.D. from the New England School of Law. His main area of practice is U.S. investment advisor regulation.
Hunter Jones is Assistant Director in the Division of Investment Management’s Investment Company Rulemaking Office at the SEC. The Investment Company Rulemaking Office is responsible for rulemaking matters under the Investment Company Act other than insurance product matters. Rulemaking matters from this office have included the Commission’s rules on identity theft red flags, distribution fees (rule 12b‑1), exchange-traded funds, target date funds, money market funds, redemption fees (rule 22c‑2), funds of funds, manager of managers funds, and various money laundering and privacy rules. Jones has been at the Commission since 1991; from 2007 to February 2009 he served as Counsel to the Chairman. He also served as Special Counsel in the SEC’s Office of General Counsel. He is a graduate of Princeton University, magna cum laude, and Columbia University Law School.
Thoreau Bartmann is a Branch Chief in the Investment Company Regulation Office of the SEC's Division of Investment Management. Thoreau joined the SEC eight years ago and has worked on all aspects of investment company regulation, with a focus on privacy regulation. He has worked on the Model Privacy notice, Regulation S-P and Regulation S-AM and a joint rulemaking with the Commodity Futures Trading Commission obligating regulated entities to develop programs designed to detect and mitigate red flags of identity theft. Before he joined the SEC, Bartmann was a Securities Enforcement Associate at the law firm Fried, Frank, Harris, Shriver and Jacobson. He earned a J.D. from the University of North Carolina, Chapel Hill, and a B.A from the University of Alabama, Birmingham.
Melissa A. Roverts is a Branch Chief in the Investment Adviser Regulation Office of the SEC’s Division of Investment Management. Her office is responsible for investment adviser oversight, including rulemaking, interpretive guidance, applications for exemptive relief, and general policy-related issues. Since joining the SEC she has been heavily involved with the adoption and implementation of: amendments to the Advisers Act custody rule; amendments to investment adviser registration and reporting rules, including Form ADV; and the Advisers Act pay to play rule. Prior to joining the SEC, Roverts was an Associate in the Investment Management Group of the Washington, D.C. office of K&L Gates. She received her undergraduate degree from Bucknell University and her law degree, with honors, from American University, where she was also a member of the Administrative Law Review.
Paul D. Glenn is Special Counsel for the Investment Adviser Association. Previously, he worked for 12 years at the U.S. Securities and Exchange Commission as a trial attorney and special counsel in the Division of Enforcement and the Office of General Counsel. Mr. Glenn also worked at the Office of the Comptroller of the Currency (OTS), U.S. Treasury, as Deputy Chief Counsel and Special Counsel. He served as Vice President and Director of Compliance for PNC Bank N.A. in Washington, D.C., (formerly Riggs) and Millennium Bank N.A. in Reston, Va. He holds an LL.M from Georgetown University Law Center and his J.D. and B.A. from Case Western Reserve University. He received an honorary doctor of laws degree from Nyack College in 2010. Mr. Glenn is a member of the Bar of the Supreme Court of Ohio, the Supreme Court of the United States and other federal courts.

 

Cancellation or Substitution

For the live webinar, cancellations and substitutions must be received in writing no later than 5:00 p.m. ET Monday, June 17, 2013. There are no refunds for cancellations received after this date. Email your requests to lisa.gillette@investmentadviser.org.