Standard Tuition $400 US
Senior Fellow Roel Campos, JD, Partner, Hughes Hubbard & Reed LLP
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.
Senior Fellow From Practice:
- Roel Campos, JD, Partner, Hughes Hubbard & Reed LLP
- Adam Finger, JD, General Counsel, Balyasny Asset Management
- Terence Healy, JD, Partner, Hughes Hubbard & Reed LLP
- Helane Morrison, JD, General Counsel & CCO, Hall Capital Partners
- Richard Swanson, JD, General Counsel, York Capital Management
Credit Hours: 4
Subject Area: Professional Practice
States: Contact Curriculum Advisor For More Information
Credit Hours: 6
Subject Area: Accounting
States: Contact Curriculum Advisor For More Information
Course ID Number: 8642
On-Demand Web Programs and Segments are approved in:
Alabama1, Alaska, California, Colorado, Delaware, Florida, Georgia, Hawaii, Idaho*, Illinois , Iowa2*, Kansas, Kentucky*, Louisiana, Maine*, Mississippi, Missouri3, Montana, Nebraska, Nevada, New Hampshire4, New Jersey, New Mexico5, New York6, North Carolina7, North Dakota, Ohio8, Oklahoma9, Oregon*, Pennsylvania10, Rhode Island11, South Carolina, Tennessee12, Texas, Utah, Vermont, Virginia13, Washington, West Virginia, Wisconsin14and Wyoming*.
Iowa, Mississippi, Oklahoma, and Wisconsin DO NOT approve Audio Only On-Demand Web Programs.
Please Note: The State Bar of Arizona does not approve or accredit CLE activities for the Mandatory Continuing Legal Education requirement. RCA programs may qualify for credit based on the requirements outlined in the MCLE Regulations and Ariz. R. Sup. Ct. Rule 45.
*RCA will apply for credit upon request. Louisiana and New Hampshire: RCA will apply for credit upon request for audio-only on-demand web programs.
1Alabama: Approval of all web based programs is limited to a maximum of 6.0 credits.
2Iowa: The approval is for one year from recorded date. Does not approve of Audio-only On-Demand Webcasts.
3Missouri: On-demand web programs are restricted to six hours of self-study credit per year. Self-study may not be used to satisfy the ethics requirements. Self-study can not be used for carryover credit.
4New Hamphsire: The approval is for three years from recorded date.
5New Mexico: On-Demand web programs are restricted to 4.0 self-study credits per year.
6New York: Newly admitted attorneys may not take non-traditional course formats such as on-demand Web Programs or live Webcasts for CLE credit. Newly admitted attorneys not practicing law in the United States, however, may earn 12 transitional credits in non-traditional formats.
7North Carolina: A maximum of 4 credits per reporting period may be earned by participating in on-demand web programs.
8Ohio: To confirm that the web program has been approved, please refer to the list of Ohio’s Approved Self Study Activities at http://www.sconet.state.oh.us. Online programs are considered self-study. Ohio attorneys have a 6 credit self-study limit per compliance period. The Ohio CLE Board states that attorneys must have a 100% success rate in clicking on timestamps to receive ANY CLE credit for an online program.
9Oklahoma: Up to 6 credits may be earned each year through computer-based or technology-based legal education programs.
10Pennsylvania: PA attorneys may only receive a maximum of four (4) hours of distance learning credit per compliance period. All distance learning programs must be a minimum of 1 full hour.
11Rhode Island: Audio Only On-Demand Web Programs are not approved for credit. On-Demand Web Programs must have an audio and video component.
12Tennessee: The approval is for the calendar year in which the live program was presented.
13Virginia: All distance learning courses are to be done in an educational setting, free from distractions.
14Wisconsin: Ethics credit is not allowed. The ethics portion of the program will be approved for general credit. There is a 10 credit limit for on-demand web programs during every 2-year reporting period. Does not approve of Audio-only On-Demand Webcasts.
Running time and CLE credit hours are not necessarily the same. Please be aware that many states do not permit credit for luncheon and keynote speakers.
If you have already received credit for attending some or the entire program, please be aware that state administrators do not permit you to accrue additional credit for repeat viewing even if an additional credit certificate is subsequently issued.