Now more than ever, lawyers must comprehend the ethical issues they face when advising clients in the financial services industry.
This timely telephone seminar is specifically designed to alert corporate and outside counsel to certain ethical and professional perils that can be avoided with some understanding and forethought when representing financial services clients, including mutual funds, investment advisers, broker-dealers, private investment companies, and banks.
Taught by experienced faculty,this program will address:
The responsibilities of lawyers under the Federal securities laws to issuers of securities and the specific requirements of SEC Rule 307 under the Sarbanes-Oxley Act that requires lawyers to “go up to chain of command” with their concerns about an issuer's disclosure obligations. Specific attention will be paid to the Kaye Scholer case involving the Office of Thrift Supervision.
The responsibilities of in-house counsel.
The question of "who is the client" for lawyers representing the mutual fund industry and complex financial services companies with bank, broker-dealer, investment adviser, and insurance subsidiaries.
The implications of being an "institution affiliated party" under the Federal banking laws, and the ability of the Federal bank regulatory agencies to proceed against lawyers when the depository institution has suffered losses.
The complicated role of the chief compliance officer in a financial services company, who is often neither fish nor fowl nor (if a lawyer) a person with an attorney-client privilege.
This interactive seminar gives you the opportunity to ask questions of the faculty before and during the program.
Need ethics credit? This seminar qualifies for 1.0 to 1.2 ethics credit hours,depending on state requirements, in MCLE jurisdictions that accredit live telephone seminars and/or webcasts.
Martin E. Lybecker is a partner at WilmerHale LLP, a Senior Lecturing Fellow at Duke University’s School of Law, and an alumnus of the Securities and Exchange Commission. Ronald Glancz is a partner at Venable LLP and an alumnus of the Department of Justice, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation. While in private practice, Messrs. Lybecker and Glancz have each represented clients before the SEC and each of the Federal bank regulatory agencies.
Eastern 12 noon- 1 pm | Central 11 am - 12 noon | Mountain 10 am - 11 am | Pacific & Arizona 9 am - 10 am | Alaska 8 am - 9 am | Hawaii 6 am - 7 am
Total 60-minute hours of instruction: 1.0 ethics; total 50-minute hours: 1.2 ethics
Virtually all ALI CLE programs receive credit in AK, AL, AZ, CA, CO, CT, DE, FL, HI, IA, IL, IN, KS, KY, ME, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, PR, SC, TN, TX, UT, VA, VI, VT, WA, WI, WV and WY. Upon request, ALI CLE will apply for credit in ID, LA, and RI.
For more information about CLE or CPE credit, email TeamMCLE@ali-cle.org or call 1-800-CLE-NEWS (253-6397).
The Table of Contents for this coursebook can be found below. For further information about the program, please use the links on the lefthand side under "Course Details".