SER Member on Panel to Judge Pension Bridge IAMAs
August 4, 2020
MEMBER HIGHLIGHT - SER member Marty Dirks has been chosen to be a judge for the 2020 Pension Bridge Institutional Asset Management Awards (IAMS). The annual awards "recognize and reward the institutional asset management industry for performance and excellence across various strategies, enabling asset managers to benchmark and prove themselves against their competition." The panel of independent judges use quantitative and qualitative criteria to determine winners in various categories of fund performance. Marty is a Senior Adjunct Professor of Finance at Golden Gate University and held positions in many areas of the asset management industry: hedge fund manager, investment consultant to endowments, foundations and pension plans and as a pension plan board member. He is also an expert witness in complex financial litigation.
Outside Webinar on the Pandemic's Effect on Litigation
July 30, 2020
OUTSIDE NEWS - Goodwin Procter LLP, based in Boston, will be presenting "Litigation of the Future", a webinar addressing the effects the COVID-19 pandemic has had on the litigation process, specifically how cases proceed, how the resolution timeline has changed, and how parties have had to reevaluate how to achieve their goals. Discussions will include best practices for remote hearings and depositions, and the effectiveness of remote mediation. The event is referred by new member Jeff Estella, who has "been a consumer of Goodwin’s complementary content for a while now." It is scheduled for August 5th at 4:00pm EDT. For more information, and a link to register, visit their webpage here.
SER Member Analyzes the Risks of Allianz Global Structured Alpha US Equity 250
July 30, 2020
MEMBER HIGHLIGHT - SER member Gontran de Quillacq's newest article analyzes the recent losses at the Structured Alpha funds of Allianz Global Investors during the February-March 2020 market volatility. The author calculates the risk matrices of the portfolio of equities, index and VIX options, explaining why one of the “largest losses in the history of derivatives trading” is actually in line with the significant tail-risk taken by the portfolio managers. The analysis points out significant discrepancies with marketing material from the fund, who's institutional clients include the pensions of Blue Cross Blue Shield employees, Arkansas Teachers Retirement System, and San Diego City Employees. To read the full article, visit Navesink's website here.
SER's Next Webcast Addresses Regulation BI
July 26, 2020
ROUNDTABLE NEWS - SER will be hosting their next webcast, "What Regulation B Does, and What it Doesn't", on July 29th. The broadcast will explore the primary features of Reg BI and how the new standards depart from previous requirements. Although Reg BI imposes new responsibilities on brokers, the webcast will explore the substantial differences that remain between the duties of brokers and those advisers subject to stringent fiduciary obligations. Hollie Mason, a new SER member and former senior enforcement counsel with FINRA and Richard Leisner, a longtime SER member and securities attorney will lead the panel, which will be moderated by Gordon Yale. This will be SER's third webcast since making the difficult decision to cancel their in-person conference for the first time in 28 years. The Board moved quickly to establish a webcast committee to keep members engaged and has been very pleased with the productions and member attendance.
SER Board Member Recently Elected as Vice-Chair of MRFC
July 13, 2020
MEMBER HIGHLIGHT - SER Board member and Practice Management Chair, Bob Lawson, was recently elected as Vice Chairman of the Board of the Master Registered Financial Consultants (MRFC®), a division of the International Association of Registered Financial Consultants, (IARFC®). Bob was formerly the Secretary of MRFC® and has been an active member of IARFC® since 1997. He explains the MRFC® Board "has been tasked with developing and maintaining one of the most important programs established by the IARFC®." Independent from the Association and the IARFC® Board of Directors, they form an integral group that is working on the MRFC® Certification Program. Bob adds, "In the current environment of promoting ethical financial consultants, [he], and the Board work diligently to elevate designations to an elite level." The Board meets regularly and plans strategy to meet the requirements of the third-party certifying agency which means a constant review of policies, procedures, and examination material.
SERís 2nd Webcast Discusses Basic Considerations for Zoom Testimony
June 29, 2020
ROUNDTABLE NEWS - SER hosted its second webcast, Zoom Testimony-The Basics, on June 25th. Moderated by Elizabeth Falk, SER's President-Elect, the webcast featured Karinya Verghese, FINRA's Associate Regional Director of Dispute Resolution Services (West Region). Ms. Verghese, who has been instrumental in setting up the Zoom hearing procedures, walked attendees through the nuts and bolts of the process, including a Q&A session. The webcast also included tips on audio/visual setup and equipment, as well as a brief Zoom tutorial. The webcast was preceded with a survey questioning members' current Zoom experience and any tips they wanted to share. The statistical results were shared on the webcast, with the full responses going out to members the following day. Initial post-event survey results show members felt the webcast topics were extremely relevant with comments, including "very informative and timely" and the "presentation was very well organized and informative." The recording is available to members only in SER's library along with speaker materials. The next webcast, discussing Regulation BI, is scheduled for July 29th.
SIFMA Webinar-Litigation Update
June 11, 2020
OUTSIDE NEWS - Members may be interested in attending a webinar hosted by SIFMA Compliance & Legal Society regarding the latest in regulatory and criminal litigation. Industry leaders and regulators will explore areas including: Individual accountability, disclosures, and coordination; What counts as cooperation for corporations these days; Navigating through privilege, case law on internal investigations, and regulator expectations; What’s old and what’s new for financial fraud; Accounting fraud; Insider trading; Spoofing; RICO; Developments in FCPA, AML, and sanctions. The event is complimentary to SIFMA members and $99 to non-members and will broadcast Thursday, June 18th from 1:00 – 2:30PM EDT. Pre-registration is required. For more information and a list of featured speakers, visit SIFMA's registration page.
SER Hosts Inaugural Webcast May 28th
May 28, 2020
ROUNDTABLE NEWS - SER hosted the organization's first webcast entitled Dispute Resolution Post Covid-19 on Thursday, May 28th via the Zoom platform. President Dave Keogh moderated the distinguished panel consisting of: Richard Berry, Executive Vice President and Director, FINRA Office of Dispute Resolution; George Friedman, Editor-in-Chief, Securities Arbitration Alert and Rick Ryder, Founder & Owner, SAC, Inc. Speakers discussed the effects of the COVID-19 pandemic on the Dispute Resolution process they are currently witnessing as well as their expectations for the future. The event was open to SER members and prospective members by invitation only and was well attended. Committee Chair Elizabeth Falk is pleased, stating “Our committee is gratified by the overwhelming enthusiasm and support that we have already received from the SER membership. I am very much looking forward to June’s Live Webcast on “Zoom Testimony”. We will be announcing that date very soon.” (SER members can access the recorded webcast and related materials in SER's LIbrary once they log in).
SER Members Volunteer Time Speaking with Law Students
April 22, 2020
MEMBER HIGHLIGHT - Two SER members, George Friedman and Jill Gross, volunteered their time last week to speak with law students of the Corporate and Commercial Law Society at the Elisabeth Haub School of Law. Dean Gross and Professor Friedman discussed Alternative Dispute Resolution (ADR) in the corporate sector. According to the thank you note received, student turnout was strong and they "walked away from the discussion with clear direction, a strong foundation and a renewed interest in ADR." As noted on our homepage, SER encourages member pro bono participation in Securities Arbitration Clinics (several of which have a law school affiliation) through teaching, consulting, and expert testimonial services.
SIFMA Webinar-SEC Regulation Best Interest
April 21, 2020
OUTSIDE NEWS - SIFMA Compliance & Legal Socieity is hosting a complimentary webinar on April 28th at 1:00pm eastern covering the fast approaching deadline for the SEC's Regulation Best Interest compliance. Topics to be covered encompass: Complying with the new standard of care obligation; Making best interest recommendations; Demonstrating good faith efforts to comply in light of COVID-19; Managing compliance and supervisory challenges. Featured speakers include: Michelle Kelley, LPL Financial, LLC; Kevin Carroll, SIFMA; Lourdes Gonzalez, U.S. Securities and Exchange Commission; Yoon-Young Lee, WilmerHale and Dean Pinto, Morgan Stanley Wealth Management. Click here to register. Thanks to Jerry DeNigris for passing along.
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