New York, NY, April 04, 2013 --(PR.com
)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Heather L. Traeger, Partner and Kris Easter, Counsel with O'Melveny & Myers LLP 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).
For further details, please visit: http://www.knowledgecongress.org/event_2013_SEC_Examinations.html
Heather L. Traeger
Heather L. Traeger is a partner at O’Melveny & Myers and a member of the Financial Services Practice. Her practice involves advising financial institutions on regulatory developments that impact their businesses, developing and reviewing policies and procedures to assess compliance and internal controls and identify methods to strengthen them, and providing training to personnel at financial institutions. Prior to joining O’Melveny, Heather was an Associate Counsel at the Investment Company Institute (ICI). Previously, during nearly a decade at the SEC, Ms. Traeger served several positions, including Senior Counsel to Commissioner Roel Campos, Counsel to Commissioner Issac Hunt, and Senior Counsel in the Division of Market Regulation (now Trading and Markets).
Kris L. Easter is a counsel at O’Melveny & Myers LLP and a member of the Financial Services Practice, where she advises financial institutions on their regulatory and compliance obligations under the federal securities and commodities laws. Before joining O’Melveny, Kris was Assistant Director at the Securities and Exchange Commission (SEC), in the Chief Counsel’s Office of OCIE -- the Office of Compliance Inspections and Examinations - where she focused on financial legislative reform and provided legal and policy advice to staff in the national examination program. Prior to her work at the SEC, Kris served for several years as a tax attorney at Deloitte & Touche.
About O'Melveny & Myers LLP
With approximately 800 lawyers in 16 offices worldwide, O’Melveny & Myers LLP helps industry leaders across a broad array of sectors manage the complex challenges of succeeding in the global economy. We are a values-driven law firm, guided by the principles of excellence, leadership, and citizenship. Our commitment to these values is reflected in our dedication to improving access to justice through pro bono work and championing initiatives that increase the diversity of the legal profession. For more information, please visit www.omm.com
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 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