Advanced ALI-ABA Course of Study Features Senior SEC and NASD Officials

Transcription

1 Advanced ALI-ABA Course of Study Features Senior SEC and NASD Officials SEC/NASD Compliance Designing and Implementing an Effective Compliance Program for Mutual Funds, Investment Advisers, and Broker-Dealers Friday, June 16, 2006 Washington, D.C. (Hilton Embassy Row) Sponsored with the cooperation of the Financial Services Institute WHY YOU SHOULD ATTEND The past few years have seen an unprecedented level of regulatory activity related to mutual funds, broker-dealers, and investment advisers. New rules by the SEC and NASD requiring formalized compliance programs and a host of other regulatory initiatives have dramatically changed the world in which regulated entities operate. Compliance is front and center, not only on the regulatory agenda, but on the business agenda as well. In this advanced intensive course of study, senior SEC and NASD officials and leading legal and compliance practitioners get together to give insight into the top compliance issues facing broker-dealers, investment companies, and advisers. The course provides thorough analysis of the rules coming out of the regulatory bodies and addresses the best practices and technological solutions to help firms meet their compliance requirements. [Continued within] Each registrant receives free of charge an audio mp3 CD-ROM recording of the course (a $499 value)! free ALI-ABA online Business & Corporate Law

2 WHY YOU SHOULD ATTEND [Continued] Topics include: Complying with the new SEC and NASD compliance rules Structuring the CCO position and compliance function Special issues facing independent broker-dealers Mutual fund share class suitability The SEC/NASD audit and examination process Conducting a compliance review Recent SEC and NASD enforcement cases Gifts and entertainment compliance Variable annuity suitability U-4, U-5, 3070, and RE-3 reporting obligations Best execution and soft dollars Time is reserved throughout the course to address registrants written questions. PLANNING CHAIR Clifford E. Kirsch, Vice President and Senior Corporate Counsel, The Prudential Insurance Company of America, Newark, New Jersey FACULTY David T. Bellaire, General Counsel and Director of Government Affairs, Financial Services Institute, Atlanta Kenneth J. Berman, Debevoise & Plimpton LLP, Washington, D.C. Stephanie L. Brown, Managing Director and General Counsel, LPL Financial Services, Boston David A. DeMuro, Managing Director, Global Compliance and Regulation, Lehman Brothers, Inc., New York Arthur S. Gabinet, Principal, Securities Regulation, The Vanguard Group, Valley Forge, Pennsylvania Henry Klehm III, Global Head of Compliance, Deutsche Bank AG, New York Jeffrey Morton, Partner, Adviser Compliance Associates, LLC, Washington, D.C. Christopher E. Palmer, Goodwin Procter LLP, Washington, D.C. Eric D. Roiter, Senior Vice President and General Counsel, Fidelity Management and Research Company, Boston Brian L. Rubin, Sutherland Asbill & Brennan, Washington, D.C. John Schneider, Director, Financial Services Practice, Navigant Consulting, Inc., Boston [Continued]

3 FACULTY [Continued] Roger B. Sherman, Senior Vice President, Enforcement, NASD Regulation, Inc., Washington, D.C. John H. Walsh, Chief Counsel and Associate Director, Office of Compliance Inspections and Examinations, U.S. Securities and Exchange Commission, Washington, D.C. (invited) George Walz, Vice President, Member Regulation, NASD Regulation, Inc., Washington, D.C. PROGRAM Friday, June 16, :30 a.m. Registration and Continental Breakfast 8:30 a.m. Structuring the Compliance Function and Assessing a Compliance Program s Effectiveness Practical Considerations in Structuring Compliance Carrying Out Compliance Responsibility in a Manner To Avoid Supervisory Authority Protecting the Compliance Officer: Indemnification and Other Avenues Testing and Other Means for Monitoring Effectiveness 10:30 a.m. Networking Break 10:45 a.m. Review of Recent SEC/NASD Enforcement Cases 11:45 a.m. NASD Compliance Tools Available for Member Use 12:15 p.m. SEC s 2006 Exam Focus 12:45 p.m. Lunch Break 2:00 p.m. Compliance Topics (includes a 15-minute networking break) Independent Broker-Dealer Hot Topics Financial Planning Impact of the NASD s Supervisory Control Rules: Availability of Limited Size and Resource Exception Sale of Annuity Products and EIAs Outside Business Activity Issues Branch Office Registration Trading Best Execution Analysis Soft Dollars Broker-Dealer Order Handling and Trade Reporting Mutual Fund Issues Implementation of the Redemption Fee Rule: Dealing with Intermediaries Handling Pricing Errors Suitability and Sales Practices Issues Mutual Fund Share Class Suitability Variable Annuities Fee-Based Accounts 529 Plans 5:00 p.m. Adjournment Notes: The discussions include at least one full hour on ethics and professional responsibility issues, accepted as such by most, but not all, MCLE jurisdictions. Total 60-minute hours of instruction: 6.75

4 Watch for course webcasts! Stay tuned to for details. NETWORKING OPPORTUNITIES Networking is an important reason to attend this and every other ALI-ABA course of study. The registrants for last year s presentation of this course came from 28 states! CAN T ATTEND? ORDER THE STUDY MATERIALS! A book of specially prepared study outlines and related material will be distributed at the course site. To order these materials separately for $149, please use the form provided; shipping and handling are free! Also for those who cannot attend: AUDIOCASSETTE TAPES and AUDIO mp3 CD-ROMs of this course will be available with the study materials approximately four to six weeks after the program for about one-half the tuition. Recordings are nonreturnable, but will be replaced if defective. To order, please see the form; shipping and handling are free! OTHER ALI-ABA COURSES OF STUDY Investment Company Regulation and Compliance June 21-23, 2006, Boston Postgraduate Course in Federal Securities Law: Current Developments July 20-22, 2006, Boston Fundamentals of Securities Law August 17-18, 2006, Chicago Investment Management Regulation November 30-December 1, 2006, New York JOIN ALI-ABA IN-HOUSE AND SAVE! Save 15% on ALI-ABA courses and products when your office becomes a member of ALI-ABA In-House! For courses of study, these savings typically total $125 or more per course registration. If your office is already a member of ALI-ABA In-House, simply check the discount request box on the attached registration form. For more information about ALI-ABA In-House, call (215) or (800) CLE-NEWS ( ), ext (toll-free, U.S. and Canada); inhouse@ali-aba.org; or visit Suggested Prerequisite: Limited experience in legal practice in subject matter or completion of Basic CLE Course in subject matter Educational Objectives: Maintenance of professional competence as a practitioner; provision of information on recent legal developments Level of Instruction: Advanced ALI-ABA s A Direct-to-Desktop CLE is your one stop for online CLE, in-depth research, and keeping up to date. Go to REGISTRATION 800-CLE-NEWS Tuition for this course is $995. Tuition entitles registrants to admission to all sessions, a set of study materials, an audio mp3 CD-ROM recording of the course (mailed to registrants after the course), and Continental breakfasts and refreshment breaks daily. To register, simply return the form provided, with payment; or register with a credit card by: Phone: 800-CLE-NEWS ( ) FAX: Internet: Registrations will be accepted at the door if space is available, but please call in advance to avoid disappointment. All course accounts must be settled by the first session of the course to ensure admittance to the classroom. Newly admitted lawyers (within the past two years) and retired senior lawyers (65 and over) are eligible for a 50% tuition discount and should include a note explaining their eligibility. Discounts may not be combined. Services for Persons with Disabilities: If special arrangements are required for an individual with a disability to attend this program, please inform ALI-ABA of any special needs at least two weeks in advance. CANCELLATIONS Cancellations received no later than June 13 will be honored and tuitions refunded, less a $50 cancellation fee. Cancellations received by noon June 15 also will be honored and tuitions refunded, less a $100 cancellation fee. Telephone cancellations (800-CLE-NEWS) will be honored under the above time limits and terms, but all refund requests must be confirmed in writing by mail, by FAX ( ), or by (registrar@ali-aba.org). HOTEL ACCOMMODATIONS A limited block of rooms has been reserved at the Hilton Washington Embassy Row. Room rates: $189 per night, single occupancy; $209 per night, double occupancy. These rooms will be held as a block, unless exhausted, until May 25, at which time they will be released to the general public. Registrants must make their own hotel reservations and indicate that they are attending the ALI-ABA Course of Study to qualify for rooms in the block. Room reservations may be made by calling or writing to the Hilton Washington Embassy Row, 2015 Massachusetts Avenue, N.W., Washington, DC 20036; (202) ; FAX (202) Confirmations will be sent by the hotel. Please read the cancellation policy carefully. DISCOUNTED AIRFARES For ALI-ABA discounted airfares, please call UNITED at (800) , re: File #535DG. Restrictions may apply. TUITION ASSISTANCE Tuition assistance for ALI-ABA courses, based on need, is available on application. We are particularly interested in applications from minority lawyers, public interest lawyers, government lawyers, and recently admitted solo practitioners. To apply, please request an application form from ALI-ABA, or go to All applications must be received by mail no later than three weeks before the course begins. FAX copies are not acceptable. Applications must be accompanied by a $25 nonrefundable processing fee (waived for full-time J.D. candidates). MANDATORY CLE AND CPE CREDIT Virtually all ALI-ABA Courses of Study are fully accredited in mandatory continuing legal education (MCLE) jurisdictions (including Virginia, Pennsylvania, Delaware, and New York) for varying numbers of credit hours. To obtain specific information on CLE, CPE, or other professional accreditation of this course, please contact ALI-ABA, or go to ADDITIONAL INFORMATION AND WEB REGISTRATION For further information write Alexander Hart, Director, Courses of Study, ALI-ABA, 4025 Chestnut Street, Philadelphia, PA ; or telephone (215) or (toll free, U.S. and Canada only) (800) CLE-NEWS ( ), extension To view full details and updates and/or register online, go to

5 Nonprofit Organization U.S. Postage PAID Lancaster, PA Permit Number 1274 COURSE REGISTRATION FORM To register or order please clip, fill out, and mail this form together with payment to American Law Institute-American Bar Association Continuing Professional Education: REGISTRAR, ALI-ABA, 4025 Chestnut Street, Philadelphia, PA Please attach names and addresses of additional registrants. Payment by check or credit card should accompany order or registration. Advance confirmation recommended for door registration. Advanced ALI-ABA Course of Study Friday, June 16, 2006, in Washington, D.C. SEC/NASD Compliance Save time when registering or ordering by credit card. Send your completed coupon to ALI-ABA by FAX: (215) Please do NOT duplicate previously FAXed registrations or orders via mail or phone. To register or order by phone using a credit card, please call: CLE NEWS. To register or order via the Internet using a credit card, visit NAME (please print) FIRM STREET ADDRESS SUITE/FLOOR NUMBER CITY STATE ZIP+4 PHONE ( ) SIGNATURE ADDRESS ADDRESS CHANGE? Go to Please include key code, below, when you register or order. Thank you. Printed on recycled paper Please enter registration(s) for the ALI-ABA Course of Study, SEC/NASD Compliance, Friday, June 16, 2006, in Washington, D.C. Tuition: $995 (including an audio mp3 CD-ROM recording of the course!). CL089 I cannot attend this course. Please send me: Audio mp3 CD-ROM of the program, including the course materials, for $499. AL089CD American Law Institute-American Bar Association Continuing Professional Education 4025 Chestnut Street, Philadelphia, PA Key code CL089LMOF Audiocassettes of the program, including the course materials, for $549. AL089 Course materials only for $149, available in late June. SL089 15% Discount for ALI-ABA In-House Members My office is a member of ALI-ABA In-House. Payment is in the amount of the stated tuition or price, minus 15%. For more information about ALI-ABA In-House, visit $ Total Check enclosed (payable to ALI-ABA) PA residents only, add 7% sales tax to total amount (excluding course registrations). Please charge to my credit card : AMEX DISCOVER MasterCard VISA Card no.: Card expiration date: