Chicago, Illinois
WEDNESDAY, NOVEMBER 9, 2011
(All times Central Standard Time)
8:30 am – 8:40 am
Welcome
Presented by Alan Goldberg
Mr. Goldberg’s practice focuses on representing registered investment
companies and their boards, investment advisers and sponsors
to unregistered investment pools. Mr. Goldberg has experience
handling all aspects of creating registered investment companies, and
registering new investment advisers, including the establishment of
compliance policies and procedures. He regularly prepares
regulatory filings and applications on behalf of investment companies
and investment advisers and has performed numerous comprehensive
compliance reviews of investment advisers and investment companies.
He routinely handles all aspects of investment adviser and fund merger
transactions and all aspects of forming unregistered investment funds,
including those that rely upon Section 3(c)(11) of the Investment
Company Act. Mr. Goldberg is a frequent speaker on a variety of
investment advisory, investment company and compliance topics.
You may reach him at 312.807.4227 or alan.goldberg@klgates.com.
8:40 am – 9:15 am
Overview of the Investment Management Industry
and the Recent Changes to the Regulatory Scheme
Presented by Alan Goldberg
9:15 am –10:00 am
New Regulations for Investment Advisers
Presented by Alan Goldberg, Don Weiss and Carolyn Jayne
• New Form ADV, Parts 2A and 2B, One Year Later
• Amended Part 1 of Form ADV
Mr. Weiss focuses on alternative investments serving hedge fund
managers, commodity pool operators, private equity advisers and
institutional investors. He concentrates his practice on the business,
corporate and regulatory needs of the investment management
community and represents a variety of professional participants in the
financial markets including investment advisers, commodity trading
advisors, broker-dealers, introducing brokers, futures commission
merchants and proprietary trading firms. Mr. Weiss also represents
regulated entities and other market participants in disciplinary and
enforcement matters before the Securities and Exchange Commission,
Commodity Futures Trading Commission, Financial Industry Regulatory
Authority, National Futures Association, exchanges and state agencies.
You may reach him at 312.807.4303 or donald.weiss@klgates.com.
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Chicago, Illinois
WEDNESDAY, NOVEMBER 9, 2011
(All times Central Standard Time)
Ms. Jayne advises investment advisers, broker-dealers, commodity
pool operators and commodity trading advisors on regulatory and
compliance issues in connection with the Securities Act of 1933, the
Investment Advisers Act of 1940, the Commodity Exchange Act of 1936,
various state securities laws, and regulations of the Financial Industry
Regulatory Authority, the Commodity Futures Trading Commission and
the National Futures Association. In particular, she routinely handles all
aspects of forming public and private investment funds and registering
new investment advisers, including establishing compliance policies
and procedures. You may reach her at 312.807.4299 or carolyn.jayne@
klgates.com.
10:00 am – 11:15 am New Regulations for Hedge Funds/Hedge Fund Advisers
Presented by Don Weiss and Carolyn Jayne
• Navigating the New Adviser Registration Exemptions
• Accredited Investors and Qualified Client Definitions
• New Form PF
• FINRA Rule 5131 (Anti-Spinning)
11:15 am – 11:30 am
Break
11:30 am – 12:15 pm
Issues Related to Derivatives Investing
Presented by Susan Gault-Brown
Ms. Gault-Brown focuses on a variety of regulatory, transactional, and
counseling matters involving the federal securities laws and ERISA.
Ms. Gault-Brown advises participants in the financial services industry,
including investment advisers, private funds, registered open-end and
closed-end funds, business development companies, investment banks,
and brokerage firms. She joined the firm after three years at the
Securities and Exchange Commission where she was a senior counsel
in the Division of Investment Management’s Office of Chief Counsel.
At the SEC, Ms. Gault-Brown provided formal and informal interpretive
guidance concerning the Investment Company Act and the Investment
Advisers Act to registered and unregistered investment advisers,
registered funds, private funds, commodity pools, and foreign securities
and pension regulators. Reach her on: 202.778-9083 or
susan.gaultbrown@klgates.com.
12:15 pm – 1:30 pm Lunch
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Chicago, Illinois
WEDNESDAY, NOVEMBER 9, 2011
(All times Central Standard Time)
1:30 pm – 2:30 pm
Recent Developments in the Investment Company World
Presented by Paulita Pike, Paul Dykstra and Mark Greer
• Janus, and Its Impact on Boards and Advisers
• Recent 36(b) litigation, including Hartford, Artisan and Equitable
• Rule 12b-1 Developments
Ms. Pike represents mutual funds and their boards as well as investment
advisers and fund service providers throughout the country. Ms. Pike
advises her clients on a broad range of issues including governance
structures and practices, compliance issues, D&O/E&O matters,
communications with the press, self-evaluations and industry “best
practices,” fund service provider contracts and filings with the Securities
and Exchange Commission, fund mergers and “manager-of-managers”
arrangements, regulatory investigations and inquiries, and matters
arising from the Investment Company Act of 1940 and the Investment
Advisers Act of 1940. She is an adjunct professor at Northwestern
University School of Law where she teaches a course, along with Paul
Dykstra, on mutual fund regulation. Ms. Pike and Paul Dykstra were
named Independent Counsel of the Year by Fund Directions in 2008.
You may reach her at 312.781.6027 or paulita.pike@klgates.com.
Mr. Dykstra represents mutual funds or their boards throughout the
country. He also counsels independent fund directors involved in
corporate reorganizations and internal or SEC investigations. He is
an adjunct professor at Northwestern University School of Law
where he teaches a course, along with Paulita Pike, on mutual fund
regulation. Mr. Dykstra and Paulita Pike were named Independent
Counsel of the Year by Fund Directions in 2008. Mr. Dykstra is a
co-author of the Fund Director’s Guidebook which is published by
the American Bar Association. You may reach him at 312.781.6029
or paul.dykstra@klgates.com.
Mr. Greer concentrates his practice on representing registered
investment companies, registered investment advisers and mutual
funds’ boards of directors. He assists these clients to comply with the
Investment Company Act of 1940, the Investment Advisers Act of 1940
and related rules and regulations. You may reach him at 312.807.4393
or mark.greer@klgates.com
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Chicago, Illinois
WEDNESDAY, NOVEMBER 9, 2011
(All times Central Standard Time)
2:30 pm – 3:00 pm Issues for Closed-End Funds
Presented by David Glatz and Stevens Kelly
Mr.Glatz concentrates his practice in corporate and investment
management matters. As counsel to registered investment companies
on securities law and regulatory matters, he advises clients on issues
arising under the federal securities laws, including the Securities Act
of 1933, the Securities Exchange Act of 1934 and the Investment
Company Act of 1940, stock exchange rules and other regulatory
issues. Mr. Glatz also has extensive experience working with acquirers
and sellers in negotiated merger, asset and stock transactions, including public company acquisitions, private deals and divisional carve-outs.
You may reach him at 312.807.4295 or david.glatz@klgates.com.
Mr. Kelly concentrates his practice on representing registered
investment companies, registered investment advisers and mutual
funds’ board of directors. He assists these clients in complying with the
Investment Company Act of 1940, the Investment Advisers Act of 1940
and related rules and regulations. You may reach him at 312.807.4240
or stevens.kelly@klgates.com.
3:00 pm – 3:15 pm
Break
3:15 pm – 4:00 pm
Alternative Registered Fund Basics and Developments
Presented by Anna Paglia, Invesco PowerShares Capital Management, and Mark Greer
• ETFs
• ETNs
• UCITs
• Cross Listing
Anna Paglia is the Head of Legal at Invesco PowerShares Capital
Management LLC. She is responsible for the registration and listing
of ETFs, serves as a liaison between the US and the European ETF
Board, provides support to the US ETF Board, serves as global ETF
expert/resource and provides the day-to-day support to PowerShares.
Anna is Team Leader for, and provides legal support to, the Invesco
Van Kampen UITs. Before taking on her current role, Anna was a
Partner in the Investment Management Group at K&L Gates LLP and
served as fund counsel and counsel to the independent directors for
a number of mutual funds. Prior to joining K&L Gates LLP, Anna was
in-house counsel at Barclays Global Investors Ltd in London, where
she was responsible for coordinating the European expansion of the
iShares ETFs.
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Chicago, Illinois
WEDNESDAY, NOVEMBER 9, 2011
(All times Central Standard Time)
4:00 pm – 4:30 pm Latest Developments on SEC Examinations and Other Regulatory Issues
Presented by Alan Goldberg, Stevens Kelly and Carolyn Jayne
• Restructuring of OCIE
• Whistleblowers and Cooperation
• Pay-to-Play
• Possible Changes to CFTC Rule 4.5
4:30 pm – 5:30 pm Additional Hot Topics/Regulatory Developments
Presented by Alan Goldberg, Anna Paglia, Invesco PowerShares Capital Management,
and Additional Speakers
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