Investment Advisor Compliance - Tier 2, Advanced
April 26, 2012, NYC
Registration Fee: US$995.00 Register Instructor Location
Many classes sell out; we suggest registering at least two weeks in advance to ensure your seat.
Advanced Level, 7 CPE Credits
Instructor: Kim Estrada, JD, MBA, CAMS
Hours: 9:00 am - 5:00 pm; Registration/Breakfast begins at 8:30 am
NYC Location: Bayards, One Hanover Square (Financial District)
Objectives:
- Describe the features and characteristics regarding the 1940 Investment Company Act (the 1940 Act)
- Describe the features and characteristics regarding the 1940 Investment Advisors Act (the Advisors Act)
- Describe how to implement a comprehensive compliance program toprevent, detect and correct violations of the Federal Securities Laws
Assumptions:
- This is an intermediate course where the course participants will have basic and above average knowledge regarding the subject matter.
- Course participants will have a general understanding regarding operational policies, procedures and controls.
Session 1: Overview of the Federal Securities Laws-Primer
The opening session provides an overall primer regarding the applicable Federal Securities laws influencing the course discussions. Participants will categorize the different parts of the applicable laws and rules prior to addressing specific regulatory compliance requirements. By the end of this session the course participants will be able to:
- Outline
- The 1933 Act influence
- The 1934 Act influence
- The 1940 Act influence
- Sarbanes Oxley Influence
- Regulation-SP
- USA Patriot Act-BSA
Session 1A: Overview of the Federal Securities Laws Roundtable
Participants shall analyze specific requirements applicable to a firm’s business lines to confirm their understanding of Session One.
Session 2: Regulatory Filings and Reports
Participants shall begin defining the regulatory filing and reporting requirements utilizing a compliance template. By the end of the course participants will be able to:
- Identify
- Password protocol(s)
- Applicable forms to file
- Impact of state policy
Session 2A: Regulatory Filings and Reports Roundtable
Participants shall analyze specific requirements applicable to a firm’s business lines to confirm their understanding of Session Two.
Session 3: Disclosure Controls and Procedures
Participants shall review the defined U.S. regulations and discuss on a high level the basic process for gathering and communicating the information to senior management and if applicable, regulatory agencies. By the end of this session the course participants will be able to:
- Describe how to implement a policy for accumulating information
- Describe the initial communication procedure
- Describe the need for proper documentation
Session 3A: The Basic Registration Process Roundtable
Participants shall analyze specific requirements applicable to a firm’s business lines to confirm their understanding of Session Three.
Session 4: Client Fundamentals
Participants shall review the basic day-to-day compliance requirements by rule and regulatory agency regarding client relationships and communications. By the end of this session the course participants will be able to:
- Define Client Service
- Define general communications
- Define reports to clients including transactions, statements and requests
Session 4A: Client Fundamentals Roundtable
Participants participate in case study/roundtable discussions to confirm their understanding Session Four.
Session 5: Internal Control and Risk Management
Participants shall review best practices for internal controls and risk management in anticipation of annual independent and regulatory audits. By the end of this session the course participants will be able to:
- Define appropriate policies, procedures and controls
- Describe how to utilize other business operational units
- Define reporting structure
Session 5A: Internal Controls and Risk Management Roundtable
Participants participate in case study/roundtable discussions to confirm their understanding of Session Five.
Q & A wrap-up