Marc Wyatt with the U.S. Securities and Exchange Commission to Speak at KCís SEC Examinations of Investment Advisers and Privately-Managed Funds Event
New York, NY, March 07, 2013 --(PR.com
)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Marc Wyatt, Senior Specialized Examiner, U.S. Securities and Exchange Commission will speak at the Knowledge Congress’ webcast entitled: “SEC Examinations of Investment Advisers and Privately-Managed Funds for Compliance with the Federal Securities Laws.” This event is scheduled for July 26, 2013 from 12:00pm – 2:00pm (ET).
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The Dodd-Frank Wall Street Reform and Consumer Protection Act eliminated the exemption from Securities and Exchange Commission (SEC) registration for investment advisers with fewer than fifteen clients, which previously had been widely relied upon by advisers to private funds, such as hedge funds, private equity funds and real estate funds. As a result, many such advisers had to register with the SEC as investment advisers for the first time.
While some provisions of the Investment Advisers Act of 1940 and related SEC rules apply to both registered and unregistered investment advisers, certain requirements apply only to those advisers that are registered. Accordingly, once registered, private fund advisers became subject to certain additional regulatory requirements. For example, registered investment advisers:
1. Must adopt written compliance policies and procedures;
2. Must prepare and file reports with the SEC;
3. Must provide clients with a written brochure;
4. Must have a code of ethics governing their employees;
5. Must safeguard client assets in accordance with the custody rule; and
6. Must ensure that contracts with advisory clients comply with the requirements of the Advisers Act
An SEC exam can be an intimidating prospect for an investment adviser experiencing it for the first time. However, forethought, organization, and adherence to best practices in the ongoing conduct of one’s advisory business go a long way toward preparing a firm to present itself effectively to SEC examiners when they arrive.
The Knowledge Group has assembled a panel of key thought leaders and regulators to help financial executives and compliance officers to understand all the important issues with respect to this significant topic. They will offer effective strategies and best practices to prepare for, and pass the hurdles of, SEC examinations. A LIVE Q&A session is also included in this event.
About Marc Wyatt
Marc Wyatt, CFA joined the SEC in December 2012 as a Senior Specialized Examiner focused on private funds. Previously, Marc was a Partner and Senior Portfolio Manager at Stark Investments (a global multi-strat hedge fund) where he served as the co-head of the London office. Prior to working in the hedge fund industry, Marc served as an investment banker (at Merrill Lynch and Alex. Brown) and as an analyst (at Fitch and Lehman). Marc earned a BS in Economics from University of Delaware and a MBA from Duke University.
About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
The Knowledge Congress was established with the mission to produce unbiased, objective, and educational live webinars that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format. To contact or register to an event, please visit: www.knowledgecongress.org.