Navigating SEC’s Latest Custody Rule Guidance and Its Impacts on Advisers
Earlier this year, the SEC Division of Investment Management provided a new Custody Rule guidance under the Investment Advisers Act of 1940
. In this LIVE webcast, a seasoned panel of thought leaders, professionals and advisers assembled by The Knowledge Group will provide and present to the audience the recent trends and developments related to the latest SEC Custody Rule guidance. Speakers will also identify how the new guidance impacts investment advisers.
Key topics include:
- New Custody Rule Guidance – An Introduction
- The Custody Rule – Framework
- Provisions Creating Inadvertent Custody
- Identifying Custody Issues
- Recent Guidance
- Recent Trends and Exam/Enforcement Issues
Goodwin Procter LLP
- Requirements under the Custody Rule;
- What does it mean to have “custody”;
- Inadvertent custody under the Custody Rule;
- Who is a qualified custodian; and
- Internal Control Reports and Surprise Examinations.
Duff & Phelps
- What provisions of the custodial agreement do you need to check?
- What can you do to remediate any issues in your custodial agreement
- The IAA no-action letter - what did it clarify?
Who Should Attend:
- Investment Advisers and Managers
- In-house Counsel
- Attorneys General
- Other interested Professionals/Organizations
Jason F. Monfort is an associate in Goodwin’s Financial Industry and Investment Management practices. Mr. Monfort represents investment companies, independent directors of registered investment companies, registered investment advisers, broker-dealers, private investment funds, insurance companies, and other financial institutions in the full spectrum of financial services regulation applicable to developing, marketing and offering financial products. Mr. Monfort advises clients on new product offerings, mergers and acquisitions, regulatory filings, reorganizations, compliance policies, regulatory investigations, exemptive applications and other innovative regulatory issues. Mr. Monfort also counsels clients on governance issues, and has significant board room experience.
Jason F. Monfort is an associate in Goodwin’s Financial Industry and Investment Management practices. Mr. Monfort represents investment companies, independent …
Kathleen Malone is an attorney and a managing director at Duff & Phelps in the Compliance and Regulatory Consulting Practice.
Kathleen has worked with several private fund managers in registering them with the appropriate regulatory authority, establishing compliance programs, identifying and addressing risks and conflicts, conducting mock regulatory examinations and assisting with regulatory examinations and inquiries. In addition, Kathleen has assisted a number of broker-dealers with their regulatory needs from registration, ongoing compliance support and FINRA examination support.
Prior to joining Counsel Works, Kathleen worked at the U.S. Securities and Exchange Commission in the Office of Compliance Inspections and Examinations.
During Kathleen's more than seven-year tenure at the SEC, she worked in the New York and Boston Regional Offices, where she participated in numerous registered investment company, registered investment adviser and broker-dealer examinations.
Ms. Malone earned her B.S. in finance from Villanova University and her Juris Doctorate from Seton Hall University School of Law.
Kathleen Malone is an attorney and a managing director at Duff & Phelps in the Compliance and Regulatory Consulting Practice. …
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Method of Presentation:
NASBA Field of Study:
Business Law - Technical
NY Category of CLE Credit:
Areas of Professional Practice
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About Goodwin Procter LLP
At Goodwin, we use law to achieve unprecedented results for our clients. Our 1,000 plus lawyers across the United States, Europe, and Asia excel at complex transactions, high-stakes litigations and world-class advisory services in the financial, life sciences, private equity, real estate, and technology industries. We partner with our clients to practice law with integrity, ingenuity, agility and ambition. To learn more, visit us at www.goodwinlaw.com and follow us on Twitter at @goodwinlaw and on LinkedIn.
About Duff & Phelps
Duff & Phelps is a premier independent advisor with expertise in the areas of valuation, corporate finance, disputes and investigations, compliance and regulatory matters, and other governance-related issues. Our clients include publicly traded and privately held companies, law firms, government entities and investment organizations such as private equity firms and hedge funds. We also advise the world’s leading standard setting bodies on valuation issues and best practices. Duff & Phelps’ nearly 2,500 professionals are located in over 70 offices in 20 countries around the world.
Our team differentiates ourselves in our commitment to question assumptions, be the independent eye, critically analyze facts and tell our clients what they need to know to make sound decisions. Duff & Phelps cuts through complexity and creates clarity for our clients to ensure compliance, reduce risk, overcome emerging challenges and enhance value.