Standard Tuition $400
Senior Fellow Matthew Eisenberg, JD, Partner, Finn Dixon & Herling
This course provides a general introduction to the regulation of investment advisers required to be registered with the U.S. Securities & Exchange Commission (“SEC”). Ithas been developed for chief compliance officers, compliance directors and other compliance personnel of investment advisers, that have been tasked with developing, implementing and/or overseeing their firms’ compliance programs. It may serve as a general “roadmap” for inexperienced or less experienced compliance persons and a review of ivestment adviser regulation “basics” for experienced compliance persons. This course has been divided into three parts.
Part 1 introduces the course and provides an overview of the investment adviser regulatory landscape since the effective date of the Dodd–Frank Wall Street Reform and Consumer Protection Act of 2010 (the “Dodd-Frank Act”), including the impact of the Dodd-Frank Act upon investment advisers to private investment funds (such as hedge funds and private equity funds).
Part 1 provides an overview of the investment adviser registration process, including a description of the Investment Adviser Registration Depository “enablement” process, the information required by Parts 1 and 2 of Form ADV (i.e., the primary application documents that an investment adviser is required to file with the SEC in connection with the registration process), the SEC’s review and approval process with respect to submitted applications, the delivery requirements associated with Part 2 of Form ADV and the update requirements associated with Parts 1 & 2 of Form ADV.
Students shall learn the following within this Course:
- Defining and distinguishing different types of Examinations
- Comprehend Regulatory Staff preparations for each type of Inspections or Audit
- Identify the underlying purpose for various requests for information
- Recognize the impact of examination and enforcement priorities
- Effectively manage the Examination, e.g., interaction between firm personnel and Exam staff
- Prioritize deficiencies and key elements of an effective response to the Examination Staff
Rory Cohen, JD, Partner, Mayer Brown
Mark Polemeni, JD, Chief Compliance Officer & Associate General Counsel, Citadel Investment Group
Dianne Mattioli, JD, Chief Compliance Officer, RCSI-Group
John Roth, JD, General Counsel & Chief Compliance Officer, Venor Capital
Jeffrey Schultz, JD, Chief Legal Officer & Chief Compliance Officer, Phoenix Investment Adviser LLC
Tanya A. Kerrigan, JD, General Counsel & Chief Compliance Officer, Boston Advisors LLC
Beth Haddock, JD, Managing Director & Head of Institutional Compliance, Guggenheim Investments
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.