Hedge Fund Enforcement & Regulatory Developments Winter 2013 ...

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Nov 18, 2013 (3 years and 11 months ago)

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Hedge Fund Enforcement & Regulatory Developments
Winter
201
3

New York City, March 6, 2013


PROGRAM SCHEDULE


Morning Session: 9:00 a.m.


12:30 p.m.


9:00

Opening
Remarks and Introduction

Barry R. Goldsmith


9:15

Current Hedge Fund and Private Equity Enforcement Priorities

The Enforcers’ Perspective



SEC enforcement priorities and trends



CFTC enforcement concerns and cases



SDNY areas of interest in the private
investment fund space



The defense perspective
--

strategies for avoiding and surviving
a government investigation

Dixie L. Johnson,
Bruce Karpati
, David Meister,
Lorin L. Reisner



10:15

SEC Inspections and Examinations of Hedge Funds and Private
Equity
Firms



SEC’s investment adviser examination program

“Presence
Exams” for newly registered advisers to private funds



How best to prepare for an SEC exam

pitfalls and best
practices



The interplay between OCIE and Enforcement

how best to
avoid a referral



SEC
focus on conflicts of interest, portfolio management,
valuation, marketing, insider trading and custody

Ken C. Joseph,
Lori Richards, Mark K. Schonfeld, John H. Walsh


11:15
Networking
Break


11:30

Recent Regulatory Developments Affecting Hedge Funds and
Private Equity Firms



SEC rulemaking initiatives and developments affecting private
funds



The JOBS Act and Volcker

what to expect and how to respond



Electronic trading developments and changes



Recently proposed capital, margin and segregation
requirements f
or security
-
based swaps

James A. Brigagliano, K. Susan Grafton,

Stuart J. Kaswell, Thomas J. Kim


12:30
Lunch










Afternoon Session: 1:45 p.m.


5:00 p.m.


1:45

The New CFTC Regulatory Scheme for Hedge Funds and Private
Equity



Recent interpretative
and no
-
action letters

what to expect
this year and beyond



Who need to register

what entities and what people



Form PQR issues



NFA Rule 1101



Getting ready for clearing

best practices

Geoffrey F. Aronow
, Dan M. Berkovitz, Rita

M. Molesworth,

Mary Nir


2:45

Es
tablishing an Effective Compliance Program

Practical Issues



CFTC issues, including CPO/CTA registration, Dodd
-
Frank rule
changes and swap participant registration



Pay
-
to
-
play and insider trading policies and procedures



Form PF and the role of compliance

Scott Black, Marcy Engel,

James M. McGovern,
Martin Towey



3:15

Establishing an Effective Compliance Program

Ethical Issues



Ethics and good compliance


pulling in the same direction



Conflicts of interest

what you should be looking for



When do operations

issues become compliance and ethical
issues

Scott Black, Marcy Engel,

James M. McGovern,
Martin Towey



3:45
Networking Break



4:00

Thorny Hedge Fund Hypotheticals

Practical Issues



SEC’s Asset Management Unit

what to expect in 2013



Pay
-
to
-
play issues in

an election year



Valuation questions and what you should do to avoid SEC
scrutiny



Insider trading

new twists on an old theme

Susan E. Brune, Stephen J. Crimmins, Andrew B. David, Joan E.
McKown, Julie M. Riewe



4:30

Thorny Hedge Fund Hypotheticals


Eth
ical Issues



Multiple representation issues in regulatory investigations and
beyond



Wearing multiple hats at a hedge fund

land mines and risks



Investment allocations


how to avoid problems

Susan E. Brune, Stephen J. Crimmins, Andrew B. David, Joan E.
McKown, Julie M. Riewe



5:00
Adjourn







Chairperson


Barry R. Goldsmith

Gibson, Dunn & Crutcher LLP

New York City





Faculty


Geoffrey F. Aronow

Bingham McCutchen LLP

Washington, D.C.


Dan M.
Berkovitz

General Counsel

U.S. Commodity Futures Trading
Commission

Washington, D.C.



Scott Black

General Counsel and Chief Compliance
Officer

Hudson Bay Capital Management LP

New York City


James A. Brigagliano

Sidley Austin LLP

Washington, D.C.


Susan
E. Brune

Brune & Richard LLP

New York City


Stephen J. Crimmins

K&L Gates LLP

Washington, D.C.


Andrew B. David

General Counsel and Chief Compliance
Officer

Aristeia Capital

New York City


Marcy Engel

Chief Operating Officer and General
Counsel

Eton Park

Capital Management, L.P.

New York City


K. Susan Grafton

K&L Gates LLP

Washington, D.C.





Dixie L. Johnson

Fried, Frank, Harris, Shriver & Jacobson
LLP

Washington, D.C.


Ken C. Joseph

Associate Regional Director

Investment Management

New York Regional Office

U.S. Securities and Exchange Commission

New York City


Bruce Karpati

Chief, Asset Management Unit, Division of
Enforcement

U.S. Securities and Exchange Commission

New York City


Stuart J. Kaswell

Executive Vice President &
Managing
Director, General Counsel

Managed Funds Association

Washington, D.C.


Thomas J. Kim

Chief Counsel & Associate Director,
Division of Corporation Finance

U.S. Securities and Exchange Commission

Washington, D.C.


James M. McGovern

Chief Compliance Officer

Hutchin Hill Capital, LP

New York City


Joan E. McKown

Jones Day

Washington, D.C.


David Meister

Director of Enforcement

U.S. Commodity Futures Trading
Commission

Washington, D.C.





Rita M. Molesworth

Willkie Farr & Gallagher
LLP

New York City


Mary Nir

Chief Compliance Officer

Gracie Asset Management

New York City


Lorin L. Reisner

Chief, Criminal Division

United States Attorney's Office

Southern District of New York

New York City


Lori Richards

Principal

PwC

McLean, Virginia


Julie M. Riewe

Deputy Chief

Asset Management Unit

Division of Enforcement

U.S. Securities and Exchange Commission

Washington, D.C.


Mark K. Schonfeld

Gibson, Dunn & Crutcher LLP

New York City


Martin Towey

Chief Compliance Officer

Fir Tree Partners

New
York City


John H. Walsh

Sutherland Asbill & Brennan LLP

Washington, D.C.