Legal & Compliance Seminar

June 22, 2016 | New York
Morgan Lewis offices

In a year of intensifying regulatory activity, MMI’s annual Legal & Compliance Seminar is a true must-attend event. With only 75 seats available, the Seminar is expected to sell out quickly.

Don’t miss this opportunity to connect with some of the leading regulatory and compliance executives in our industry and discuss the most pressing issues related to investment advisory programs. While complying with the DOL fiduciary rule will be a prominent topic, there will also be timely sessions on other important regulatory developments. 


Evan Charkes, Managing Director & Associate General Counsel, Global Wealth & Investment Management, Bank of America Merrill Lynch
Priya Udeshi Crick, Associate General Counsel, New York Life Insurance Company

To encourage an interactive program, no media will attend.

Additional Information


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8:00 AM – 8:30 AM
Registration and Continental Breakfast

8:30 AM – 8:45 AM    
Welcome and Opening Remarks

Evan Charkes, Managing Director & Associate General Counsel, Global Wealth & Investment Management, Bank of America Merrill Lynch
Priya Udeshi Crick, Associate General Counsel, New York Life Insurance Company

8:45 AM – 9:15 AM
Regulatory Developments

This session will provide an extensive look at the most recent developments in the SEC’s National Examination Program and their likely impact on investment advisers, broker-dealers, and transfer agents. Topics to be covered include current SEC initiatives affecting managed accounts, including share class suitability, disclosure obligations, additional reporting obligations, and requirements for managing portfolio composition risks.

Clifford Kirsch, Partner, Sutherland Asbill & Brennan
Steven W. Stone, Partner, Morgan Lewis

9:15 AM – 10:45 AM  
Implementation of the DOL Fiduciary Rule

Our expert panel will provide an overview of significant changes in the final rule and best interest contract exemption, their specific impact on managed accounts, and what complying with the final rule means for asset managers, sponsor firms, and financial advisors. Topics include the impact on marketing and sales practices, the effect on share classes, and the outlook for enforcement.

Todd Cook, Managing Director & Associate General Counsel, JP Morgan Chase

Evan Charkes, Managing Director & Associate General Counsel, Global Wealth & Investment Management, Bank of America Merrill Lynch
Stuart Cohen, Managing Director & Assistant General Counsel, Nuveen Investments
Dan Kleinman, Partner, Morgan Lewis

10:45 AM – 11:00 AM            
Refreshment and Networking Break

11:00 AM – 11:45 AM
Chief Compliance Officer Liability

Another important item on the SEC’s 2016 agenda is the Enforcement Division’s approach to cases involving chief compliance officers (CCOs) of private fund managers that are registered with the SEC as investment advisers under the Investment Advisers Act of 1940. The panel will discuss the circumstances in which the Division will bring cases against CCOs, including situations such as misconduct unrelated to the compliance function, misleading the SEC staff, and failure to carry out their responsibilities as CCOs.

Christopher J. Mahon, Senior Vice President, Global Head of Broker-Dealer Legal and Regulatory, Alliance Bernstein

John Ivan, Chief Compliance Officer, Raymond James
Joseph McGill, Partner, Chief Compliance Officer, Lord Abbett
Stefanie Chang Yu, Chief Compliance Officer, Morgan Stanley

11:45 AM- 12:30 PM
Regulatory Action around Share Class Suitability

Share class suitability is a hot topic right now given the DOL rule’s implications for suitability standards. This panel will discuss both the SEC and FINRA focus on suitability obligations and governance, including recent adviser cases concerning disclosure in the share class suitability context.

Rich Calvario, Director, Product Management & Development, Pershing
Thomas Hennessey, Partner, Morgan Lewis
Daniel Moonay, Managing Director & Senior Counsel, BlackRock

12:30 PM – 1:30 PM
Networking Luncheon

1:30 PM – 2:30 PM
SMA Trading under the Microscope

This panel will examine SMA trading from both the sponsor and manager perspectives, focusing on best practices, putting value on execution, and areas of recent SEC scrutiny.

Mark R. Anderson, Chief Compliance Officer & Counsel, Lazard Asset Management
Thomas D. Harman, Executive Director, Morgan Stanley
Stephen Petrick, Director, BlackRock

2:30 PM – 2:45 PM
Refreshment and Networking Break

2:45 PM – 3:45 PM
Robo Advisors: Business and Legal Viewpoints

Given the level of their venture funding, their low cost and highly-automated approach to investing, and non-stop media exposure, robo-advisors have been viewed by some as a threat to traditional advice delivery models. But are robos really a foe or a friend? This panel will discuss how robo-advisors can be structured as a complementary model to a full service wrap program and the service gaps that can be filled as a result.

Beth Newmark, Managing Director & Associate General Counsel, Bank of America Merrill Lynch

Benjamin T. Alden, General Counsel, Betterment
Scott Kirwin, Vice President, Associate General Counsel, Fidelity Investments
Jennifer Klass, Partner, Morgan Lewis

3:45 PM – 4:45 PM      
SEC Examinations and Enforcement

This panel will take a deep dive into the SEC’s National Examination Program. Topics include changes in the Program and their significance for industry oversight, SEC examination and enforcement developments in the managed accounts area, and a look at what lies ahead for the industry.

Ivan P. Harris, Partner, Morgan Lewis
Steven W. Stone, Partner, Morgan Lewis 

4:45 PM – 5:00 PM      
Closing Remarks and Adjournment

Evan Charkes, Managing Director & Associate General Counsel, Global Wealth & Investment Management, Bank of America Merrill Lynch
Priya Udeshi Crick, Associate General Counsel, New York Life Insurance Company

5:00 PM – 6:00 PM
Networking Reception

Session Highlights


  • SEC examination and enforcement developments in the advisory solutions arena
  • Chief compliance officer liability and best practices
  • Recent regulatory scrutiny of SMA trading
  • Share class suitability obligations and governance
  • Business and legal perspectives on robo advisors

Speakers include:

  • Jennifer Klass, Daniel Kleinman, and Steve Stone, Partners, Morgan Lewis
  • Cliff Kirsch, Partner, Sutherland Asbill & Brennan
  • Stefanie Chang Yu, Chief Compliance Officer, Morgan Stanley
  • John Ivan, Chief Compliance Officer, Raymond James
  • Joseph McGill, Partner, Chief Compliance Officer, Lord Abbett 


Seminar cost:
The seminar registration fee is $500. A discounted rate of $400 is available for additional participants from the same firm once two participants are enrolled at the $500 fee.

Cancellations: No refunds will be granted for cancellations after 5:00pm ET on Friday, June 10th. Substitutions are permitted. Please notify MMI at (202) 822-4949.

CLE credits

CLE credits will be available for New York and selected jurisdictions.


Attendee Registration:

Nia Edwards -

(202) 822-4949

Speaker Registration:

Sarah Reinhart -

(202) 822-4949

Fees & Billing:

(202) 822-4949


2016 Seminar Partner

  • 2016 Seminar Partner Morgan Lewis