Webinar - Pay-to-Play for Investment Advisers: New Developments and Hot Topics for the 2016 Election
Friday, June 17, 2016
2:00 - 3:00 p.m. (ET)
With hard-fought primary contests, upcoming party conventions, and unprecedented political giving, the 2016 elections are in full swing. The final months before an election often see an uptick in political giving, particularly by employees who may not otherwise be politically active. There is one "covered official" (i.e. a candidate covered by SEC Rule 206(4)-5) still in the Presidential race, a number under consideration for Vice Presidential nominations, and even more entering Senate and Congressional races -- meaning that the risks of an inadvertent "pay-to-play" violation are significant and growing. This landscape is complicated by the continued rise of alternative political vehicles -- including SuperPACs, Joint Fundraising Committees, 501(c)(4) organizations, and Leadership PACs -- each of which can present unique pay-to-play risks. Meanwhile, the SEC has signaled a strong interest in "pay-to-play" from both an enforcement and examination perspective, while maintaining a full docket of exemptive relief applications.
This webinar is intended to provide investment advisers with an overview of pay-to-play issues, with a focus on developments for the 2016 election. In particular, the webinar will cover:
- Federal, state, and local pay-to-play laws, including SEC Rule 206(4)-5.
- New developments in the 2016 election cycle, with strategies for addressing compliance risks.
- A review the SEC's exemptive relief docket, with lessons learned for advisers and compliance professionals.
- Charles Borden, Partner, Allen & Overy LLP
- Sam Brown, Associate, Allen & Overy LLP
- Sanjay Lamba, Assistant Counsel, Investment Adviser Association (moderator)
Registration for the live event is now closed. Click the "Register" button on this page to order the recording.
*Per computer login
IAA Webinars are complimentary for IAA Members and Associate Members
Note: IAA Members and IAA Associate Members who register on or before June 15 are automatically registered for both the live webinar and the recording.
For questions regarding this webinar, call (202)
293-4222 or email IAAevents@investmentadviser.org.
About the Presenters
Charles Borden leads Allen & Overy’s Political Law Practice. He regularly counsels multinational corporations on the intersection of law and political activity, including regulatory and compliance obligations and the political and reputational consequences of political activity. Mr. Borden co-teaches a course on government ethics at Harvard Law School, where he is a Visiting Lecturer in Law.
Sam Brown is an Associate at Allen & Overy. His practice focuses on political law issues related to commercial interactions with public sector entities. He has experience with the regulation of municipal securities and municipal advisors, as well as other securities regulation and enforcement matters. Mr. Brown joined Allen & Overy after serving as Counsel to Commissioner Ellen Weintraub of the Federal Election Commission.
Sanjay Lamba (moderator) is Assistant General Counsel at the Investment Adviser Association. Prior to joining the IAA in 2013, Mr. Lamba worked at the SEC for 10 years, beginning his service in the rulemaking office of the Division of Investment Management before transferring to the Office of Chief Counsel (Legal Branch) in the Office of Compliance Inspections and Examinations. He received his B.S. degree in Finance from George Mason University and his law degree from Boston University.
Paid Registration Cancellation or Substitution
For paid registrations, cancellations and substitutions must be received in writing no later than 5:00 p.m. (ET) Wednesday, June 15, 2016. There are no refunds for cancellations received after this date. Email your requests