U.S. Securities & Exchange Commission

Compliance Outreach Program

for Investment Adviser and Investment Company Senior Officers

National Seminar Agenda

(Discussions For Larger Firms)

January 30, 2014

7:30 am Registration

8:30 am Welcoming Remarks — Chair Mary Jo White

8:45 am Introductory Remarks

Speakers

Drew Bowden, Director, Office of Compliance Inspections and Examinations (“National Exam 

Program”)

Norm Champ, Director, Division of Investment Management

Andrew Ceresney, Director, Division of Enforcement

9:15 am Panel I: Program Priorities

• Office of Compliance Inspections and Examination

• Division of Investment Management

• AMU

• Joint/Coordinated Initiatives 

• Large Firm Engagements

Speakers

Jane Jarcho, National Associate Director, National Exam Program

David Grim, Deputy Director, Division of Investment Management

Julie Riewe, Co-Chief, Division of Enforcement, Asset Management Unit

10:15 am Question & Answer Session (Advisers with $1 Billion or Less in Regulatory AUM)

10:30 am Break

10:45 am Panel II: Private Fund Adviser Topics

• Presence Exam Observations 

• JOBS Act

• Private Fund Initiatives/Guidance 
• Private Equity Issues

Speakers

Ashish Ward, Exam Manager, National Exam Program, Los Angeles Regional Office

Alpa Patel, Senior Counsel, Division of Investment Management

Igor Rozenblit, Specialist, Division of Enforcement, Asset Management Unit

James Capezzuto, General Counsel & Chief Compliance Officer, Cornerstone Capital 

Management LLC

Barbara Burns, Chief Compliance Officer, AEA Investors SBF LLC

12:00 pm Lunch Break

1:30 pm Panel III: Registered Investment Company Topics

• 15c Process/Observations

• Alternative Mutual Funds

• Exchange Traded Products

• Distribution in Guise

Speakers

Steven Dittert, Assistant Director, National Exam Program, Philadelphia Regional Office

Douglas Scheidt, Associate Director and Chief Counsel, Division of Investment Management

John Farinacci, Specialist, Division of Enforcement, Asset Management Unit

Renee Esfandiary, Assistant Director, National Exam Program

Charles McCain, Chief Compliance Officer & General Counsel, Harbor Capital Advisors

Victor Frye, Chief Compliance Officer, ProFund Advisors LLC

2:45 pm Question & Answer Session (Advisers with More Than $1 Billion in Regulatory AUM)

3:00 pm Break

3:15 pm Panel IV: Valuation Issues 

• Basic Legal Framework

• Valuation Techniques and Practices

• Difficult-to-Value Investments

• Role of Persons Other than the Investment Adviser (e.g., Board, Pricing Services)

Speakers

Matthew O’Toole, Senior Special Counsel, National Exam Program, San Francisco Regional 

Office

Leo Chan, Senior Specialized Examiner, National Exam Program, San Francisco Regional Office
Sarah ten Siethoff, Senior Special Counsel, Division of Investment Management

Jaime Eichen, Chief Accountant, Division of Investment Management

Jeffrey Blockinger, Chief Legal Officer & Chief Compliance Officer, Och-Ziff Capital 

Management Group 

4:15 pm Panel V: Chief Compliance Officer Obligations

• SEC Staff Observations

• CCO Presence, Access, and Empowerment

• Recent Enforcement Actions

Speakers

Mark Dowdell, Assistant Director, National Exam Program, Philadelphia Regional Office

Janet Grossnickle, Assistant Director, Division of Investment Management

Marshall Sprung, Co-Chief, Division of Enforcement, Asset Management Unit

Chris Marzullo, General Counsel & Chief Compliance Officer, Brandywine Global Investment 

Management LLC

Judy Werner, Executive Director, National Society of Compliance Professionals

5:25 pm Closing Remarks

Drew Bowden, Director, National Exam Program