Regulatory Compliance Association Reviews

SEC Initiates Flash Boy Regulations – A Comprehensive Analysis

Practice Edge 02

SEC Initiates Flash Boy Regulations – A Comprehensive Analysis

Date: October 7, 2014
General Session: 12 Noon to 1:30 PM
Location: Webcast (Free)

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A flurry of adverse media has attracted the attention of various regulatory agencies including the SEC, New York Attorney General and others.

The crescendo: Mary Jo White’s declaration of massive regulatory reform across the equity markets.

The result: A comprehensive regulatory overhaul of the equity market system, which will result in an entirely new phase of regulation as well as an escalating examination and enforcement environment.

Facially the foregoing may appear as a narrow initiative targeting the “Flash Boys,” and the facilitators of High Frequency Trading; however, experienced practitioners and executives realize the scope will substantially impact the entire alternative investment management industry.

 Students will master the following at the conclusion of this session:

• Define high frequency trading: Issues associated with High Frequency Trading and addressing it through enforcement activity related to high frequency trading

• Impact of HFT regulation on NON HFT firms

• Identify the potential ramifications of Mary Jo White’s declaration that the SEC will be considering new rules that would:
o Subject “unregistered active proprietary traders” to the SEC’s broker-dealer rules, and
o Improve firms’ risk management of trading algorithms and enhance regulatory oversight over their use.

• Apply the solutions to these issues proposed by the SEC and others, and discuss proposed solutions:
o Pros and cons of proposed solutions.


Session Chairman:
Walter Zebrowski, JD, CPA, Principal, Hedgemony Partners
Chairman, Regulatory Compliance Association

Senior Fellow from Practice:
Matthew A. Rossi, JD, Partner, Mayer Brown

Guest Lecturers:

Jim Burns, JD, Deputy Director | Trading & Markets, SEC
Jeffrey Plotkin, JD, Partner, Finn Dixon & Herling LLP
Mathew Comstock, JD, Partner, Murphy & McGonigle
Elliott Curzon, JD, Partner, Dechert