MEMBER HIGHLIGHT - SER member David J. Keogh, President of DJK Consulting LLC, was a guest lecturer at the University of Miami School of Law. On September 23rd, Mr. Keogh spoke to law students enrolled in the law school’s Broker-Dealer Regulation course, and student interns enrolled in the Investor Rights Clinic. Clinic Director and Lecturer, Teresa J. Verges, moderated the discussion with Mr. Keogh, who provided students with the background and overview of broker-dealers’ compliance and supervisory obligations under SEC regulations and FINRA rules. Drawing upon his wealth of experience in the securities industry, Mr. Keogh provided students with insights into the financial industry and the critical role of compliance. SER encourages member pro bono participation in Securities Arbitration Clinics through teaching, consulting, and expert testimonial services. (If you would to participate, please complete the member interest survey if you have not done so already.)
MEMBER HIGHLIGHT - Alan J. Besnoff, CFP, ChFC, CLU is pleased to have recently been appointed by the CFP Board of Standards to serve as Commissioner on the Disciplinary and Ethics Commission. The Disciplinary and Ethics Commission is charged with reviewing and taking appropriate action with respect to alleged violations of the Code of Ethics and Standards of Conduct and conduct reviewed pursuant to the Fitness Standards for Candidates and Professionals Eligible for Reinstatement. Mr. Besnoff, along with fellow commissioners, will conduct hearings and settlement reviews on cases of alleged violations of the CFP Code of Ethics and Standards of Conduct. His term as Disciplinary and Ethics Commissioner is August 2020 through December 2021.
MEMBER HIGHLIGHT - SER member George Friedman, recently sat down for a virtual interview as part of a podcast series, "The Arbitration Conversation: Interviews the Leading Minds in Arbitration." In the interview, hosted by Professor Amy Schmitz of the University of Missouri School of Law and the Center for Dispute Resolution, Mr. Friedman discusses: how he entered the ADR field and built his career; the major differences between the AAA and FINRA Dispute Resolution Services; and COVID-induced changes he'd like to see persist when things get back to normal. Mr. Friedman was Executive VP of FINRA's Dispute Resolution forum until 2013, when he started George H. Friedman Consulting, LLC, to provide expert advice on arbitration and mediation in general and the FINRA dispute resolution forum in particular. As reported in our recent issue of The Expert's Examiner, he became publisher of the Securities Arbitration Alert ("SAA") in August 2020, and has recently merged the major elements of the Securities Arbitration Commentator ("SAC"), a 30-plus year publication, into the weekly online publication. You can find the interview on SAA's blog here.
ROUNDTABLE NEWS - SER's latest webinar, "Best Practice Tips & Techniques to Manage and Grow Your Expert Business", was broadcast on September 24th. The live one-hour session, for members only, showcased a panel of experienced Experts as they shared some of their “Best of the Best” practice management tips and techniques for running a successful practice. Moderated by SER's Mentorship & Practice Management Chair Bob Lawson, the panel included distinguished members Alan Besnoff (Membership Chair), Paul Carroll (President Elect) and Jack Herrmann (Treasurer/FinCom Chair). Panelists discussed the broader perspective of building and diversifying your business, to the details of billing, retainers and communication. Post-webcast survey responses were highly complimentary! Members who missed the live broadcast, can access the recording in the Library section of SER's website once they are logged in.
ROUNDTABLE NEWS - The latest issue of The Expert's Examiner is now available. The newsletter, published by the Public Relations Committee in conjunction with George Friedman, offers members and the public, timely content on matters relavent to our profession. Along with articles on recent developments in arbitration and the courts, the publication also includes regulatory news, SER committee updates and member highlights, and upcoming events of interest. Other contributing editors include SER members: Jerry DeNigris, GG Genco, Patti Koetting and Hollie Mason. You can access the issue here, or on our homepage. Non-members are encouraged to subscribe to receive the newsletter, only three times per year, directly to their inbox.
ROUNDTABLE NEWS - "The Bond Markets Portion of the Capital Marketplace: Yesterday, Today and Tomorrow", is the title and topic of SER's upcoming webcast, scheduled for August 25th at 11:00am (eastern). The session, moderated by SER member Gerry Guild, will include panelists Jerry DeNigris, an SER member and Board Director, and outside speaker Jerry Rubin. All three speakers have a breadth and depth of knowledge on the topic, having a century worth of experience between them. This is the fourth production in the newly developed series, initiated in response to the pandemic, to give members added value while they stay safe at home. This is a member-only event, or by special invitation. More details and registration can be found here.
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 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.
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.
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.
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