An Introduction to Futures and Derivatives: Practice and Regulation (Original Live Program Date: 5/18/07)
This program will provide an introduction to the regulation, trading and documentation of exchange-traded futures contracts and over-the-counter (OTC) financial derivatives. It will examine the key federal statutes affecting the futures and OTC derivatives industries, namely, the Commodity Exchange Act, the Securities Act of 1933 and the Securities Exchange Act of 1934, as well as certain important exemptions and exclusions from the federal statutory scheme. It will also examine recent documentation initiatives, litigation, regulatory developments and enforcement actions relevant to a wide range of market participants, including OTC derivatives dealers, futures commission merchants, financial institutions, hedge funds, pension funds, corporations and others.
Provides 4.5 credits in professional practice
Credit Derivatives & Bankruptcy Law: What the Securities, Finance & Bankruptcy Practitioner Needs to Know About These Products (Original Live Program Date: 3/10/09)
An expert panel will present a practical guide to credit default swap (CDS) transactions and markets and their possible impact on fundamental debtor-creditor relationships. The focus of which will be in the context of a bankruptcy or workout concerning a CDS's reference obligor. The panel will examine the structure and trading of so called "single-name" CDS, which reference specific corporations or other obligors, as well as index products and CDS based on asset-backed securities. It will also explain the relevant legal and regulatory framework within which CDS trading occurs, including securities and commodities laws, and explore relevant aspects of bankruptcy and restructuring rules and processes.
This program provides 2.5 credits in professional practice
Current Ethical Issues in the Practice of Securities Law (Original Live Program Date: 6/18/09)
This program will address ethical and legal issues that corporate and outside counsel face in advising corporations, directors and officers, handling shareholder and derivative suits, and responding to government investigations. The program will present a scenario involving the discovery of possible accounting irregularities at a public company in which panelists will role play various parts, including that of corporate counsel, outside counsel, auditor¿s counsel, and SEC counsel. Topics will include attorney-client privilege when representing a corporate entity, multiple representations, issues regarding internal investigations, responses to client misconduct, issues dealing with outside auditors, and the impact of the Sarbanes-Oxley legislation. This program’s updated content will entitle attendees to CLE credit if they attended the 2007 program.
This program provides 2.0 credits in ethics
Guarantees, Surety Bonds and Letters of Credit in Bankruptcy: Traps for the Unwary (Original Live Program Date: 11/18/08)
This program will cover the rights and obligations of parties to guarantees, surety bonds and letters of credit when the principal obligor becomes the subject of bankruptcy proceedings. The discussion will encompass issues such as the impact of the automatic stay on the rights of beneficiaries and obligees to pursue claims against guarantors, sureties and letter of credit issuers; the affect of recoveries from third parties on the remaining claim against the debtor; the potential for avoidable transfer liability associated with indirect preferences; and the competing rights of parties to excess proceeds of guarantees, surety bonds and letters of credit.
Hedge Funds in the Current Environment (Original Live Program Date: 4/22/09)
It has been a time of unprecedented change for hedge funds. After explosive growth the hedge fund industry has contracted substantially due to the financial crisis. In addition, over the past year there have been fund liquidations, lawsuits by investors, SEC enforcement actions and investigations, fraud committed on hedge funds and speculation as to coming regulation. The industry is clearly in transition.
This course will provide an overview of the rules related to operating a hedge fund. Faculty will discuss how to avoid problems in the enforcement environment and provide best practices for protecting hedge fund advisers from liability. The registration process, requirements applicable to registered advisers and operating issues involving hedge funds will be examined. Finally, top practitioners and regulators will discuss their views on hedge fund issues.
Structuring and Negotiating Private Equity Investments
This program will provide an overview of the contractual, regulatory, tax and economic issues involved in structuring and negotiating private equity investments from a private equity fund perspective. It will cover basic private equity fund structures and terms, their impact on private equity investments, and associated tax and regulatory issues facing private equity fund investors. In addition to addressing private equity fund structures and issues, topics covered will include co-investment structures and direct private equity transactions, primary and secondary investments in private equity funds, as well as 'direct secondary' investments. The program will also address issues and considerations arising under the US Investment Advisers Act of 1940, the US Securities Act of 1933, the US Employee Retirement Security Act of 1974, and relevant US and non-US tax considerations. Finally, the program will cover recent trends and developments affecting the private equity investment market in light of recent economic and regulatory developments.