New York, NY, June 26, 2013 --(PR.com
)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, announced today that it has scheduled a live webcast entitled SEC Examinations of Investment Advisers and Privately-Managed Funds for Compliance with the Federal Securities Laws. This two-hour event is scheduled on July 23, 2013 at 12:00 PM - 2:00 PM ET.
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.
U.S. Securities and Exchange Commission
Senior Specialized Examiner
Bob Zink, CPA
O'Melveny & Myers LLP
O'Melveny & Myers LLP
Heather L. Traeger
Richards Kibbe & Orbe LLP
Kimberly M. Versace
For an updated list of the faculty panel, please visit:
About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
The Knowledge Congress brings together the world's leading authorities and industry participants through informative two-hour webcasts that study the impact of changing regulations and help businesses succeed through proper regulatory compliance.
Visit www.knowledgecongress.org for further information and inquiry.