New York, New York
THURSDAY, DECEMBER 11, 2014
(All times Eastern Standard Time)
1:00 pm– 1:05 pm
Welcome and Overview of the Program
Presented by Diane Ambler
Ms. Ambler, a partner in the Washington, D.C. office, has substantial
experience in financial institution regulation under federal securities
laws, including the USA PATRIOT Act and the Sarbanes-Oxley Act.
She focuses her practice on mutual fund governance, compliance
activities of mutual funds, private funds and variable insurance product
issuers and distributors, and activities of related service providers.
She may be reached at 202.778.9324 or diane.ambler@klgates.com.
1:05 pm– 2:05 pm
Inside the Beltway­—Report from Washington
Presented by Diane Ambler, Mary Burke Baker, Cary Meer and Kara Ward





Impact of the November Elections
FSOC
FACTA
SEC Rulemaking and Other Developments
CFTC Rulemaking and Other Developments
Ms. Baker is a government affairs advisor in the firm’s Washington,
D.C. office. She focuses her practice on federal tax matters affecting
businesses and individuals, including tax policy, tax administration,
and technical tax issues. Prior to joining K&L Gates, Ms. Baker served
on the Senate Committee on Finance for 6 years as a Georgetown
Government Affairs Fellow/IRS Detailee. In that position, she worked
on major tax bills; managed committee hearings; oversaw IRS policies,
programs, and initiatives; and worked on tax reform measures. She
also served in the Internal Revenue Service for more than 25 years in
a variety of technical and management positions. In 2010, Ms. Baker
was featured in Tax Analysts as a congressional staffer influencing
tax policy. While at the IRS, she received many performance awards,
including District Employee of the Year. She may be reached at
202.778.9223 or mary.baker@klgates.com.
Ms. Meer is a partner in the Washington, D.C. office and a member
of the Investment Management practice group. She provides
compliance advice to registered investment advisers and assists firms
in registering as investment advisers, commodity pool operators and
commodity trading advisors. She also structures and organizes private
investment companies, including hedge and private equity funds and
funds of funds. She presently serves on the Washington, D.C.
Education Committee for 100 Women in Hedge Funds and is an
Editorial Advisory Board Member for Money Manager’s Compliance
Guide. She is also a member of the CPO/CTA Steering Committee of
the Managed Funds Association. She may be reached at 202.778.9107
or cary.meer@klgates.com.
1
New York, New York
THURSDAY, DECEMBER 11, 2014
(All times Eastern Standard Time)
Kara Ward is an associate in the firm’s Washington, D.C. office. She
concentrates her practice on federal policy, focusing on financial
services, with an emphasis on the housing finance market, and
particular experience with respect to insurance, consumer financial
services, payment systems and community economic development.
She provides policy analysis and strategic advice to a variety of
financial services companies and trade groups on matters that impact
their business and also engages in advocacy with the Congress and
Executive Branch agencies in order to advance her clients’ objectives.
She works closely on issues involving the House Financial Services
Committee, Senate Banking Committee, as well as the Treasury
Department, Consumer Financial Protection Bureau, the Federal
Housing Finance Agency, the Department of Housing and Urban
Development and the Federal Reserve. She may be reached at
202.778.9236 or kara.ward@klgates.com.
2:05 pm– 3:05 pm
Key Issues Affecting Investment Managers
Presented by Matt T. Morley, Anthony R.G. Nolan, András P. Teleki
and Craig A. Ruckman






Anti-Money Laundering Update
Whistleblower Awards and What We Can Learn From Them
CyberSecurity
New Products and Developments, Including the Evolution of ETFs
and the Growth of Liquid Alt Funds
SEC Sweep of Alt Funds
Swaps After the Crisis
Mr. Morley, a partner in the Washington, D.C. office, assists clients
in responding to investigations by law enforcement authorities and
regulatory agencies, and counsels them on complying with the
federal securities laws and other regulatory requirements. Mr.
Morley also works with companies in developing and implementing
corporate compliance programs. His practice concentrates on
SEC Enforcement matters, the Foreign Corrupt Practices Act,
and internal investigations regarding potential misconduct by
corporate personnel. He may be reached at 202.778.9850 or
matt.morley@klgates.com.
2
New York, New York
THURSDAY, DECEMBER 11, 2014
(All times Eastern Standard Time)
Mr. Nolan, a partner in the New York office, specializes in
domestic and cross-border securitization, structured finance,
structured products and derivatives. He has broad familiarity with
synthetic, cash-flow and market value CDOs, large loan CLOs,
mortgage-backed and asset-backed securities and asset-backed
commercial paper programs as well as servicing retained wholeloan sales. Mr. Nolan has represented issuers, underwriters,
servicers, bond insurers and others in a wide variety of whole-loan
sales and asset-backed securities issuances, including registered
offerings, private placements, offshore offerings and cross-border
structured financings. He may be reached at 212.536.4843 or
anthony.nolan@klgates.com.
Mr. Teleki, a partner in Washington, D.C. office, focuses his practice
on regulatory compliance issues facing registered investment
companies, including mutual funds and closed-end funds, brokerdealers, investment advisers, unregistered funds, variable
insurance product issuers and distributors, and related service
providers. He also advises financial institutions on anti-money
laundering and OFAC issues. Mr. Teleki also has experience in
corporate governance and Sarbanes-Oxley issues. He may be
reached at 202.778.9477 or andras.teleki@klgates.com.
Mr. Ruckman, an associate in the New York office, focuses his
practice on registered investment companies and their boards,
investment advisers and insurance companies on matters arising
under U.S. federal securities laws, particularly the Investment
Company Act of 1940. Prior to joining K&L Gates, Mr. Ruckman
was an investment management lawyer for the U.S. Securities &
Exchange Commission. He may be reached at 212.536.4810 or
craig.ruckman@klgates.com.
3:05 pm– 3:25 pm
Break
3
New York, New York
THURSDAY, DECEMBER 11, 2014
(All times Eastern Standard Time)
3:25 pm– 4:25 pm Enforcement Developments
Presented by Stephen J. Crimmins, Jonathan N. Eisenberg, Shanda N. Hastings and
Kermitt Brooks, AXA Equitable Life Insurance U.S.






New SEC Decision Makers
New Enforcement Approaches
Requiring Admissions in Settlements
Whistleblower Program Gaining Momentum
Shift to In-House Administrative Proceedings
Latest Focus Areas in SEC Enforcement
Mr. Crimmins is a partner in the New York and Washington, D.C.
offices who represents clients in enforcement investigations and
litigation conducted by the Securities and Exchange Commission
and other financial services regulators, as well as in private securities
litigation. He also leads internal investigations and counsels on
regulatory compliance, corporate governance and other SEC-related
issues. Mr. Crimmins practiced with the SEC for 14 years, eight of
which were in senior management. As the Deputy Chief Litigation
Counsel of the SEC’s Enforcement Division in Washington, D.C.
from 1993 until 2001, he was one of 11 members of the Senior
Executive Service at division headquarters. Mr. Crimmins co-managed
a unit of 25 first-chair trial attorneys representing the SEC in hundreds
of securities cases in the federal courts and in administrative
proceedings. He also consulted on SEC investigations, participated
actively in settlement negotiations, and served as an adviser to
attorneys in SEC regional offices. Mr. Crimmins joined the SEC
as a trial attorney in 1987 and continued to litigate and try cases
for the agency after his promotion to senior management in 1993.
He began his career at a large New York law firm after studying law
at Columbia. He may be reached at 202.778.9440, 212.536.3987
or stephen.crimmins@klgates.com.
Mr. Eisenberg is a partner in the firm’s Washington, D.C. office.
He focuses on representing financial institutions and individuals
in enforcement matters, litigation, and internal investigations. After
working in the SEC’s Office of General Counsel, Mr. Eisenberg
spent roughly half his career in private practice and half in senior
in-house positions. He served as General Counsel for UBS Wealth
Management Americas, where he headed the legal department
responsible for regulatory relationships, litigation, and legal issues
involving the broker-dealer and its affiliated bank. Before that, he
was General Counsel for Merrill Lynch Global Markets & Investment
Banking Litigation and Co-Head of Merrill Lynch Global Litigation,
Employment, and Regulatory Affairs. During more than sixteen
years in private practice, Mr. Eisenberg has represented firms and
individuals in class actions, arbitrations, and dozens of government
investigations. He may be reached at 202.778.9348 or
jon.eisenberg@klgates.com.
4
New York, New York
THURSDAY, DECEMBER 11, 2014
(All times Eastern Standard Time)
Ms. Hastings, a partner in the Washington, D.C. office,
concentrates her practice on securities enforcement, civil litigation,
and internal investigations. She represents public and private
companies, broker-dealers, investment companies and their
advisors, corporate officers and directors, and accountants in
enforcement proceedings before the U.S. Securities and Exchange
Commission and other securities regulatory bodies. Ms. Hastings
also counsels public and private companies and individuals in
federal securities class action litigation and other civil litigation matters in various federal and state courts. In addition, she advises
clients on corporate governance and compliance matters. She may
be reached at 202.778.9119 or shanda.hastings@klgates.com.
Mr. Brooks is Managing Director and Associate General Counsel
for AXA Equitable Life Insurance U.S., where he has been working
to improve the efficiency and functioning of the company’s
Insurance Practice Group, and has also recently taken on
oversight of the Government Relations Practice Group. Under
his legal guidance and leadership, the company has improved its
competitive position in the marketplace and enjoyed substantial
additional revenues through modification of inforce products
and introduction of several new and groundbreaking financial
products. Previously as First Deputy Superintendent and Acting
Superintendent for the New York State Department of Financial
Services, Mr. Brooks served as second-in-command of one of
the United States’ oldest and most influential financial regulatory
agencies. Overseeing a workforce of more than 1,000, Mr. Brooks
served as a key advisor to the Superintendent. His leadership
facilitated the largest regulatory insurance settlement in U.S.
history—the $2 Billion damages dispute arising from the WTC
attack. As Deputy Attorney General for Operations at the New York
State Office of Attorney General, Mr. Brooks demonstrated both
his legal and operations management expertise, transforming the
massive legal operation and ensuring both operational excellence
and business continuity after 9/11. Mr. Brooks’ early career in
litigation included serving as Counsel, Employment Litigation
for the Metropolitan Life Insurance Company and as Associate,
Commercial Litigation for a New York law firm.
5
New York, New York
THURSDAY, DECEMBER 11, 2014
(All times Eastern Standard Time)
4:25 pm– 5:30 pm Marketing and Trading
Presented by K. Susan Grafton, C. Dirk Peterson, Joshua O’Melia
and Rebecca Sheinberg, The Carlyle Group



Advertising and Marketing, Including Use of Social Media
and the Impact of the JOBS Act
Trading and Markets Issues Including Best Execution and
Market Structure Developments
Cross-Border Fundraising
K. Susan Grafton is a partner in the Washington, D.C. and New York
City offices of K&L Gates LLP where she focuses her practice on
advising broker-dealers, hedge fund managers and other investment
advisers on their business, regulatory, and compliance issues. She
also assists clients with registration as broker-dealers, investment
advisers and municipal advisors, and advises on status issues. Ms.
Grafton represents both broker-dealers and investment advisers in
regulatory exams and SEC and FINRA enforcement investigations.
She also counsels trade associations and their members on a variety
of rulemaking issues related to the Dodd-Frank Act, market structure,
municipal advisor registration and other legal and regulatory
developments. You may reach her at 202.778.9498 or susan.grafton
@klgates.com.
Mr. O’Melia is an associate in the New York office, where he
concentrates his work in the investment management practice,
with a particular emphasis on hedge funds, private equity funds and
compliance-related matters involving investment advisers and brokerdealers. He advises clients (including investment advisers, private
domestic and offshore investment funds, broker-dealers and financial
institutions) on structuring, organization, distribution, regulatory and
compliance issues. He also assists clients undergoing investigations
and examinations by the SEC and other regulatory organizations.
He may be reached at 212.536.4078 or joshua.omelia@klgates.com.
Mr. Peterson, a partner in the Washington, D.C. and New York
offices, focuses his practice on securities regulatory issues
affecting public and private investment companies, brokerdealers, investment advisers, commercial banks, and insurance
companies. Mr. Peterson advises financial institutions on the
application of federal and state securities laws, as well as selfregulatory organization rules, in connection with the structuring
and distribution of securities products. In addition, he counsels
financial institutions on information barriers, margin and lending
rules, Regulation M, soft dollars and financial responsibility
obligations. He may be reached at 202.778.9886 or
dirk.peterson@klgates.com.
6
New York, New York
THURSDAY, DECEMBER 11, 2014
(All times Eastern Standard Time)
Ms. Sheinberg is a Principal in the Legal and Compliance
Department of The Carlyle Group. At Carlyle, Ms. Sheinberg
focuses on Carlyle’s Global Market Strategies Business (GMS)
which encompasses the firm’s hedge funds, mutual funds,
business development companies and certain CLOs and carry
funds. In her role, Ms. Sheinberg handles issues relating to
Carlyle’s SEC-registered investment advisers, registered
investment companies, commodity pool operators, commodity
trading advisers and Carlyle’s affiliated broker-dealer, with
which she is licensed. In addition to implementing the legal and
compliance program generally across GMS, Ms. Sheinberg also
serves as the Chief Compliance Officer of Carlyle Quantitative
Strategies Investment Management L.L.C., Carlyle’s first
internally launched hedge fund adviser that implements a
quantitative trading strategy, and Director of Compliance of
Vermillion Asset Management, LLC, which advises hedge funds
focused on trading physical commodities and commodity
derivatives. Ms. Sheinberg received a J.D. from Brooklyn Law
School. She received a Bachelor of General Studies degree from
the University of Michigan. Ms. Sheinberg holds Series 3, 7, 24
and 63 licenses.
5:30 pm– 7:00 pm Reception
7