Standard Tuition $400
Senior Fellow Rory Cohen, JD, Partner, Mayer Brown
Federal enforcement of insider trading remains a high priority area for the Securities and Exchange Commission and other federal enforcement officials. The rules haven’t changed, but the tools for enforcement have. Recent cases have brought to bear an increasing use of aggressive tactics by government officials, including the use of wiretapping and witness flipping, and use of other technologically advanced surveillance and analytical tools. Perhaps more importantly, far greater scrutiny is being paid on the source of one’s “edge”, the identification and trading around “catalysts”, aberrant trading activities and outside business relationships with experts, corporate executives and other industry participants who may be in the know, all of which are likely to fundamentally reshape the way in which investment research, investing and trading are conducted. At the same time, instant messaging and other social media tools and applications make real-time surveillance by compliance officers far more complicated.
Beyond the legal risks, enforcement has been shown to threaten the viability of even the largest, venerable investment managers. Given such risks, and ongoing efforts to extinguish what one prominent law enforcement official referred to as a “culture of corruption” on Wall Street, insider trading enforcement is likely to remain a priority into the foreseeable future. The role of legal and compliance to surveil investment and trading and other communications has become even greater. Is your compliance program up to the task?
Students shall learn the following within this Course:
- Understand the basics laws of insider trading;
- Identify high risk activities that require closer evaluation;
- Appreciate the tools and tactics utilized by government officials;
- Understand potential remedies that may be asserted by regulators;
- Prepare themselves for interacting with regulators when they come calling;
- Evaluate and refine their compliance program in light of recent actions; and
- Understand the elements of a failure to supervise claim.
Rory Cohen, JD, Partner, Mayer Brown
Stephanie Monaco, JD, Partner, Mayer Brown
Richard Rosenfeld, JD, Partner, Mayer Brown
Brian Guzman, JD, Partner & General Counsel, Indus Capital Partners
Scott Pomfret, JD, Regulatory Counsel, Highfields Capital
Meyer Eisenberg, LLB, Adjunct Senior Research Scholar and Lecturer in Law, Columbia Law School
Credit Hours: 4
Subject Area: Professional Practice
States: Contact Curriculum Advisor For More Information
Credit Hours: 6.5
Subject Area: Accounting
States: Contact Curriculum Advisor For More Information
Alabama: Approval of all web based programs is limited to a maximum of 6.0 credits.
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.
Iowa: The approval is for one year from recorded date. Does not approve of Audio-only On-Demand Webcasts.
Missouri: 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.
New Hamphsire: The approval is for three years from recorded date.
New Mexico: On-Demand web programs are restricted to 4.0 self-study credits per year.
New 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.
North Carolina: A maximum of 4 credits per reporting period may be earned by participating in on-demand web programs.
Ohio: 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.
Oklahoma: Up to 6 credits may be earned each year through computer-based or technology-based legal education programs.
Pennsylvania: 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.
Rhode Island: Audio Only On-Demand Web Programs are not approved for credit. On-Demand Web Programs must have an audio and video component.
Tennessee: The approval is for the calendar year in which the live program was presented.
Virginia: All distance learning courses are to be done in an educational setting, free from distractions.
Wisconsin: 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.
Iowa, Mississippi, Oklahoma, and Wisconsin DO NOT approve Audio Only On-Demand Web Programs.
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.
If applicable, the RCA will apply for credit in your state upon request.