AGENDA 

CCOutreach National Seminar 

for Investment Adviser and Investment Company Chief Compliance Officers 

November 14, 2006 

U.S. Securities and Exchange Commission 

Station Place Auditorium 

Washington, DC 

8:00 a.m. - 9:00 a.m. Registration and Security Processing 

I. Introduction (9:00 a.m. – 9:20 a.m.) 

 Welcome and Introduction to CCOutreach National Seminar 

Andrew J. Donohue, Director, Division of Investment Management 

Lori A. Richards, Director, Office of Compliance Inspections and Examinations 

U.S. Securities and Exchange Commission

 Opening Message 

Christopher Cox, Chairman 

U.S. Securities and Exchange Commission 

II. Annual Review of Compliance Policies and Procedures (9:20 a.m. – 11:00 a.m.)

A. CCO experiences from first annual review 

B. Annual review process: effective techniques 

C. Issues arising from annual reviews 

D. Observations from OCIE examinations regarding firms’ annual reviews 

Speakers

Andrew J. Donohue, Director, Division of Investment Management, SEC 

Gene A. Gohlke, Associate Director, Office of Compliance Inspections and 

Examinations, SEC 

 Joseph M. McGill, Chief Compliance Officer, UBS Global Asset Management Inc. 

 Joseph Sullivan, Chief Operating Officer and Chief Compliance Officer, 

 Peconic Partners, LLC 

Break: 11:00 a.m. - 11:15 a.m. 

 
III. Common Examination Areas – Part 1: What documents and information we 

request and why; how you can use this information to enhance your compliance 

program (11:15 a.m. – 12:30 p.m.)

A. Compliance review documentation / forensic tests 

B. Best execution and trade allocation records 

C. Business continuity materials 

Speakers

Maureen Dempsey, Assistant Director, Midwest Regional Office, SEC 

Jennifer B. McHugh, Senior Adviser to the Director, Division of Investment 

Management, SEC 

Patricia Flynn, Chief Compliance Officer, INTECH

Brian Kawakami, Chief Compliance Officer, Lazard Asset Management LLC

Lunch: 12:30 p.m. - 2:00 p.m.* 

IV. Common Examination Areas – Part 2: What documents and information we 

request and why; how you can use this information to enhance your compliance 

program (2:00 p.m. – 3:15 p.m.) 

 

A. Information requests relevant for hedge fund advisers 

B. Documents related to valuation issues 

C. Soft dollars 

Speakers

Kevin Goodman, Assistant Director, Pacific Regional Office, SEC 

Robert Plaze, Associate Director, Division of Investment Management, SEC

Hilary G.D. Lord, Chief Compliance Officer, TCW Asset Management Co.

Rosemary Fanelli, General Counsel and Chief Compliance Officer, Allen

 Investment Management, LLC 

Break: 3:15 p.m. - 3:30 p.m. 

V. Lessons Learned from Sweep Exams (3:30 p.m. – 4:45 p.m.) 

 A. Sweep process



B. Common problem areas 

C. Examples of effective compliance policies and procedures

 D. Sweep results

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Speakers

Mavis A. Kelly, Assistant Director, Office of Compliance Inspections and 

Examinations, SEC 

Michael Garrity, Assistant Director, Boston District Office, SEC 

Daryl Hagel, Associate Director, San Francisco District Office, SEC 

Douglas Scheidt, Associate Director, Division of Investment Management, SEC 

VI. Closing Remarks (4:45 p.m. – 5:00 p.m.) 

Lori A. Richards, Director, Office of Compliance Inspections and Examinations 

U.S. Securities and Exchange Commission

* Lunch not provided. Dining facilities are available at the Union Station complex adjacent 

to SEC headquarters. Food and Drink are not permitted in the auditorium.

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