MEMBER HIGHLIGHT - SER member Robert Jones has recently made presentations on “Detecting & Investigating Stockbroker Fraud” at the Annual Global Fraud Conference for the Association of Certified Fraud Examiners and the Missouri Society of CPA’s Fraud & Forensic Accounting Conference. Both presentations were via Zoom and enthusiastically attended. Rob was pleased to engage professionals outside the legal field such as accountants, tax preparers, human resource professionals, bankers and trustees in identifying potential securities fraud and protecting individual investors. A Chartered Financial Consultant® and a Certified Fraud Examiner®, Rob is the owner of Securities Claims Management, an expert consulting and analysis firm based in Richmond, VA.
MEMBER HIGHLIGHT - SER Member Hollie M. Mason, Esq. discusses Payment for Order Flow (PFOF) and Gamification on a Q&A podcast with Carlton Fields Shareholder and former FINRA Senior Director Justin Chretien, Esq. The episode details why payment for order flow and gamification are in the news, and how regulators and the industry in general are addressing related issues and concerns. The podcast is hosted by The Brattle Group, where Ms. Mason is a securities litigation expert and leads the firm’s Broker-Dealers & Financial Services practice. You can access the podcast, and other articles on the topic by The Brattle Group here.
MEMBER HIGHLIGHT - SEC Regulation D (“Reg D”) is the most popular securities registration exemption. Annually Reg D is relied upon to cover billions of capital formation transactions. Adopted in 1982, Reg D has been amended numerous times. While many amendments have been incremental and of modest impact, the 2020 and 2021 of amendments implemented substantial important changes to Reg D, including:
The operative provisions of Reg D and other popular alternatives to formal securities registration with the SEC have been collected and published in chart form for many years by securities lawyers Stan Keller (Locke Lord LLP), Jean Harris (Greenberg Traurig, LLP, retired) and SER member Richie Leisner (Trenam Law). The latest version of The Chart reflects all of the most recent changes to the securities registration exemption landscape. The authors hope The Chart will be a useful tool for any professional whose work includes capital formation transactions that are not registered with the SEC. The Chart (and printing instructions) are available here.
MEMBER HIGHLIGHT – SER board member and Practice Management Chair, Bob Lawson, President of Barrington Financial Consulting Group, Inc., has been appointed as a member of the CFA’s GIS Steering Committee with his three-year term beginning on September 1, 2021. The purpose of the Global Industry Standards (GIS) Committee is: (1) To guide strategic development, promotion, and adoption of global industry standards; (2) To contribute to the mission of CFA Institute to protect investors, promote ethics and integrity, and instill trust through development and promotion of standards and best practices, to benefit the global investment community.
MEMBER HIGHLIGHT - SER member James Kyprios published an article titled "LIBOR: The Most Important Number in the World Is Going Away." The commentary, originally published here in LA Progressive, is a primer with historical background on LIBOR (London InterBank Offered Rate), and a discussion of whether SOFR (Secured Overnight Funding Rate) will be the appropriate replacement rate. Mr. Kyprios has over 50 years experience in corporate finance and corporate banking both domestic and international, having worked at DZ Bank (Germany), Union Bank of Finland, American Scandinavian and M&T Bank. You can find other articles written by Mr.Kyprios on his website.
MEMBER HIGHLIGHT - In addition to his expert work and serving on SER committees, SER member Gontran de Quillacq posts regularly to a blog on his website covering timely industry topics of interest including Bitcoin, SPACs, Hedge Funds, etc. Mr. de Quillacq has 30 years of hands-on responsibilities in portfolio management, derivatives, proprietary trading, market-making, structuring and investment research. He has worked with top-tier banks and hedge funds in both London and New York. You can bookmark his page or sign up to receive a monthly update of these posts via email.
MEMBER HIGHLIGHT - SER member Craig Hurwitz will join the Institute for Enterprise Engineering at Duke University’s Pratt School of Engineering as Executive-in-Residence in FinTech and Cybersecurity beginning July 1. The program, launched in 2021, provides professional education that combines computational technologies with leadership training in the areas of financial technology and cybersecurity. As the Executive-in-Residence at FinTech, Craig will teach four courses within the master's and short courses curriculum to both full-time students and working professionals. You can read more about Craig's appointment, and about the program, on Duke's website.
ROUNDTABLE NEWS - The next issue of The Expert's Examiner is now available. The newsletter, published quarterly by SER, contains recent news and cases in the securities dispute resolution sector as well as updates on members and the Securities Experts Roundtable. Members are encouraged to forward the publication to their contacts. Non-members are welcome to subscribe here! The current and past issues are also available on the Newletter tab.
ROUNDTABLE NEWS - SER presented its latest webcast on February 25th, titled "Securities Experts, Mediation and Attorneys." The one-hour session featured expert mediator Mike Gregory of Michael Gregory Consulting, LLC. Mike shared his insight on what an attorney looks for in an expert and how the expert can be highly effective and powerful in helping to resolve issues if properly prepared. Based on his experience in over 2,500 mediations and negotiations, Mike focused on the expert's role to help diffuse tension, address unrealistic expectations, and clear up key points that may be misunderstood by clients, the mediators, or attorneys. The session was well attended and received positive feedback. Members have access to the recording in the password protected Library. SER pivoted early in the pandemic and began producing a series of webcasts for members in May of 2020.
ROUNDTABLE NEWS - The newest issue of The Expert's Examiner was published this month. Contributing editor George Friedman, along with committee members Jerry DeNigris, GG Genco, Hollie Mason and Patricia Koetting, report on the latest news to come out of the dispute resolution community. The current issue, as well as past issues, can be accessed on the Newsletter tab of our website. SER members are encouraged to forward a link to the newsletter to any interested parties. Non-members are welcome subscribe and receive upcoming issues directly to their inbox. Currently beginning its third year of publication, the committee decided to publish quarterly issues in 2021. The next issue is due out in early April. Please contact any member of the Public Relations Committee if you have any comments or articles of interest for the next issue.
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