Date: December 08, 2016
General Session: 12 Noon to 1:30 PM EST
Location: Webcast (Free)
Interested in Continuing Compliance Education™, CLE or CPE (A & A hours)? Attend via the RCA’s Online University (On Demand) — free for Practice Edge Elite Members
Investment advisors today are under fire from the SEC like never before. The SEC has expressly singled out the industry, and recently has begun to employ an increasingly aggressive set of DOJ-inspired enforcement tactics. This course will provide the tools for recognizing what these tactics are and how to respond to them. In particular, it focuses on the SEC’s heavy reliance on procedurally deficient in-house administrative proceedings (where the agency is much more likely to succeed than in federal court); the resulting pressure to settle weak cases; the SEC’s practice of requiring admission of wrongdoing as a settlement condition; the Commission’s increasing use of whistleblowers; and its escalation of enforcement against individuals – in particular, chief compliance officers. The course also addresses two emerging foci for the SEC: misleading marketing materials and private equity firm liability for operating as unregistered broker-dealers.
Participants will master the following within this class session:
- Recognize the SEC’s aggressive targeting of investment advisors.
- Distinguish the procedural protections of federal court from the lesser ones of the SEC’s administrative proceedings.
- Define the ways that the SEC uses administrative proceedings to its great advantage.
- Analyze how emerging SEC enforcement tactics create pressure to settle weak cases.
- Recognize the SEC’s increasingly prevalent practice of requiring admission of wrongdoing as a condition of settlement.
- Identify the SEC’s concrete threats to fund executives and chief compliance officers.
- Discover the imminent dangers that investment advisors face from the SEC and the ways that firms can proactively mitigate these dangers.
Walter Zebrowski, JD, CPA, Principal, Hedgemony Partners
Chairman, Regulatory Compliance Association
Senior Fellows from Practice:
Roel Campos, JD, Partner, Chair, Securities Enforcement Practice, Hughes Hubbard & Reed LLP
Terence Healy, JD, Partner, Vice Chair, Securities Enforcement Practice, Hughes Hubbard & Reed LLP
Richard Swanson, JD, General Counsel, York Capital Management