CCOutreach National Seminar 

Investment Adviser and Investment Company 

Chief Compliance Officers

November 13, 2008 

Agenda 

8:00 am – 9:00 am Registration 

9:00 am Welcoming Remarks – Chairman Cox 

9:10 am View from the Top: A Discussion of Insights and Priorities 

Speakers 

Andrew J. Donohue, Director, Division of Investment Management 

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

Examinations 

9:25 am Compliance Challenges from the Subprime Crisis 

• Money market funds: Impact of the crisis 

• Valuation guidance and the challenges of valuation in turbulent 

markets 

• Forensic testing: Monitoring and documenting the valuation process 

• Liquidity issues and the CCO’s role 

Speakers 

Douglas Scheidt, Associate Director, Division of Investment Management 

David J. Mueller, Assistant Regional Director, Chicago Regional Office 

Todd L. Spillane, Chief Compliance Officer, Invesco US 

Frank V. Knox, Vice President and Chief Compliance Officer, John 

Hancock Financial Services 

10:45 am Break 

11:00 am What’s New – Books and Records, Soft Dollars, and New Trading 

Issues 

• Updated recordkeeping requirements: A new paradigm 

• Email, Email, Email: What the future may hold and how you might 

comply 

• CCOs: Evaluating execution quality in light of new venues; what to do 

about directed and non-directed brokerage and new or complex 

products; preventing advisory personnel from creating or using “false” 

and manipulative information; and how to use trade reports and know 

when to escalate issues. 

• Commission proposed guidance to fund boards on the use of soft 

dollars. 
Speakers 

Robert E. Plaze, Associate Director, Division of Investment Management 

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

and Examinations 

Lee D. Augsburger, Sr. Vice President and Chief Compliance Officer, 

Prudential Financial, Inc. 

Pauline C. Scalvino, Principal and Chief Compliance Officer, The 

Vanguard Group, Inc. and the Vanguard Funds 

12:30 pm Lunch Break 

2:00 pm The Intersection of Compliance and Disclosure 

• A CCO’s involvement in crafting disclosure that clients will 

understand - the challenges and opportunities 

• Regulatory developments: Summary prospectus and Form ADV Part 2 

• Examinations: Review of disclosures for inaccuracies and omissions 

Speakers 

Frank A. Thomas, Assistant Regional Director, Philadelphia Regional 

Office 

Robert E. Plaze, Associate Director, Division of Investment Management 

Susan Nash, Associate Director, Division of Investment Management 

David H. Lui, Chief Compliance Officer, FAF Advisors / First American 

Funds 

Thomas N. O’Connor, Esq., Former Chief Compliance Officer, Marathon 

Capital Group, LLC 

3:15 pm Break 

3:30 pm Don’t Let This Happen to You: Lessons Learned from Significant 

Examination Findings and Recent Enforcement Actions 

• Looking beyond the most frequently cited examination findings to 

identify high risk situations 

• Recent enforcement actions impacting CCOs 

• Factors examiners consider in deciding whether to make an 

enforcement referral. 

Speakers 

William J. Delmage, Assistant Regional Director, New York Regional 

Office 

Matthew M. O’Toole, Assistant Regional Director, San Francisco 

Regional Office 

Barbara C. Chretien-Dar, Assistant Director, Division of Investment 

Management 

4:45 pm Closing remarks 

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