Volcker Rule - The Final Rules Implementing Provision of the Dodd-Frank Wall Street Reform and Consumer Protection Act

This webinar will discuss the final Volcker Rule prohibiting financial institutions from engaging in proprietary trading. Attendees will learn how to ensure compliance with the final rule.

Why Should you Attend:

The final rules implementing a provision of the Dodd-Frank Wall Street Reform and Consumer Protection Act commonly referred to as the Volcker Rule have been released. The final rules generally would prohibit banking entities from:

• Engaging in short-term proprietary trading of securities, derivatives, commodity futures and options on these instruments for their own account.
• Owning, sponsoring, or having certain relationships with hedge funds or private equity funds, referred to as ‘covered funds’.

As required by Section 619 of the Dodd-Frank Act, the final rules, adopted under the Bank Holding Company Act, provide exemptions for certain activities, including market making, underwriting, hedging, trading in certain government obligations, and organizing and offering a hedge fund or private equity fund, among others. Like the Dodd-Frank Act, the final rules limit these exemptions if they involve a material conflict of interest; a material exposure to high-risk assets or trading strategies; or a threat to the safety and soundness of the banking entity or to U.S. financial stability.

This webinar will cover trading restrictions placed on financial institutions.

Areas Covered in the Webinar:

• Proprietary Trading Prohibition
• As required by the Dodd-Frank Act, exemptions for:
  • Underwriting
  • Market making-related activities
  • Risk-mitigating hedging
  • Trading in certain government obligations
  • Certain trading activities of foreign banking entities
  • Covered fund prohibitions
  • Compliance requirements

Who Will Benefit:

• SEC Registered Investment Advisers
• Chief Compliance Officers
• Marketing and Solicitation Activities
• Private Fund Placement Agents
• Staff with roles and responsibilities in product and client management departments
• Chief Operating Officers
• Chief Financial Officers
• Chief Risk Officers
• Operations Professionals
• Controllers
• Risk Managers
• General Counsel

Instructor Profile:

Gary Swiman, has + 25 years of experience in evaluating, implementing and leading compliance, audit and anti-money laundering departments for some of the world’s largest hedge funds, private equity funds, mutual funds and broker-dealers. Such firms include Evercore Partners, Aberdeen Asset Management, Merrill Lynch, and Nomura Securities.

Mr. Swiman has a legal degree and is also a certified public accountant, chartered hedge fund professional, certified fraud examiner and certified financial forensics specialist. He has also achieved the following registrations with the Financial Industry Regulatory Authority (FINRA): Series 3, 4, 7, 8, 9, 10, 14, 24, 27, 53, 63 and 65.

As a published author on various regulatory topics, he has contributed numerous articles to industry publications and is frequently sought after by leading specialists and consumer publications to comment on how regulatory events can shape compliance requirements. Such an extensive and wide-ranging exposure to multiple industry sectors, with industry-recognized credentials, gives Gary a unique perspective and in-depth understanding of how registered investment advisers, hedge funds, private equity funds, wealth management funds and broker-dealers can meet growing regulatory requirements.