Wednesday, August 01, 2007
BCCP 2007 Conference Beat
Designing Effective Compliance Programs for Broker/Dealers and Investment Advisers
By Mary Kay Radnich, Senior Media Analyst & Blog Editor
On May 31st and June 1st of this year, two of our Senior Compliance Consultants, Katie Hanks and Ray Lustig, attended the American Law Institute – American Bar Association’s (ALI-ABA) conference entitled SEC/NASD Compliance: Designing and Implementing an Effective Compliance Program for Broker-Dealers and Investment Advisers.
Held in New York City at Fordham Law School’s scenic Lincoln Center Campus (located directly across 62nd Street from the famed Lincoln Center for the Performing Arts), this academic venue provided a casual yet thoughtful atmosphere for discussing compliance issues affecting broker/dealers and investment advisers. Among the topics discussed were the proposed NASD rule 2128 -- gift and entertainment compliance, soft dollars, compliance program design and implementation, advertising compliance issues, SEC/SRO policies, and tips on responding to regulators.
The list of speakers was impressive, including many SEC and NASD examiners from the SEC’s and the NASD’s headquarters and district office. Other presenters included representatives from UBS, Lehman Brothers, Metropolitan Life Insurance, and LPL. A great coup for this ALI-ABA conference was Paul Gottlieb, Assistant General Counsel from Merrill Lynch, who discussed the Merrill Rule Repeal, pertaining to the recent fee-based plan ruling.
According to BCCP A-Team consultant Katie Hanks, “The conference organizers did a good job addressing both SEC and NASD regulations affecting broker/dealers and investment advisers, and covered the hot topics, including anti-money laundering, use of professional designations, adviser performance advertising, variable annuity suitability, compliance issues in the retirement market, soft dollars, gifts and entertainment, and the Merrill Rule repeal.”
BCCP A-Team consultant Ray Lustig remarked how often the speakers stressed regulatory supervision of marketing to seniors.
This ALI-ABA event was sponsored with the cooperation of the Philip D. Reed Chair and the Corporate Law Center, Fordham Law School.
Useful Links:
Return to http://www.bccp-llc.com/
American Law Institute – American Bar Association: http://www.ali-aba.org/
Fordham School of Law: http://law.fordham.edu/index.htm
ALI-ABA materials from this conference are available for purchase through this weblink:
http://whttp://www.ali-aba.org/index.cfmfuseaction=courses.course&course_code=CM091&contenttype=1
By Mary Kay Radnich, Senior Media Analyst & Blog Editor
On May 31st and June 1st of this year, two of our Senior Compliance Consultants, Katie Hanks and Ray Lustig, attended the American Law Institute – American Bar Association’s (ALI-ABA) conference entitled SEC/NASD Compliance: Designing and Implementing an Effective Compliance Program for Broker-Dealers and Investment Advisers.
Held in New York City at Fordham Law School’s scenic Lincoln Center Campus (located directly across 62nd Street from the famed Lincoln Center for the Performing Arts), this academic venue provided a casual yet thoughtful atmosphere for discussing compliance issues affecting broker/dealers and investment advisers. Among the topics discussed were the proposed NASD rule 2128 -- gift and entertainment compliance, soft dollars, compliance program design and implementation, advertising compliance issues, SEC/SRO policies, and tips on responding to regulators.
The list of speakers was impressive, including many SEC and NASD examiners from the SEC’s and the NASD’s headquarters and district office. Other presenters included representatives from UBS, Lehman Brothers, Metropolitan Life Insurance, and LPL. A great coup for this ALI-ABA conference was Paul Gottlieb, Assistant General Counsel from Merrill Lynch, who discussed the Merrill Rule Repeal, pertaining to the recent fee-based plan ruling.
According to BCCP A-Team consultant Katie Hanks, “The conference organizers did a good job addressing both SEC and NASD regulations affecting broker/dealers and investment advisers, and covered the hot topics, including anti-money laundering, use of professional designations, adviser performance advertising, variable annuity suitability, compliance issues in the retirement market, soft dollars, gifts and entertainment, and the Merrill Rule repeal.”
BCCP A-Team consultant Ray Lustig remarked how often the speakers stressed regulatory supervision of marketing to seniors.
This ALI-ABA event was sponsored with the cooperation of the Philip D. Reed Chair and the Corporate Law Center, Fordham Law School.
Useful Links:
Return to http://www.bccp-llc.com/
American Law Institute – American Bar Association: http://www.ali-aba.org/
Fordham School of Law: http://law.fordham.edu/index.htm
ALI-ABA materials from this conference are available for purchase through this weblink:
http://whttp://www.ali-aba.org/index.cfmfuseaction=courses.course&course_code=CM091&contenttype=1
