Round Table Discussion Group

Compliance Professionals & Consultants & Compliance Association MembersLos Angeles Buildings

Los Angeles Area | 2 Locations & Dates

– November 1 2016 Tuesday, Downtown Los Angeles  2:00 – 4:00

– November 3 2016 Thursday, Irvine  2:00 – 4:00 

 

2 Topics:

– Private Equity Firm / Fund – New Compliance Obligations

– Private Equity Firm / Fund – Tax Strategy

 

Hosted in Los Angeles at RSM US offices with RND Resources Inc, member RSM US Alliance & NSCP

 

Private Equity Firm – New Compliance Obligations

Compliance officer obligations and liabilities for Private Equity funds have become more complex with FORM ADV requirements and BD registration rules. The recent Blackstreet Capital ruling left many BD’s wondering what next. Join this discussion to go over developing trends in private equity including the boom in new PP BD firms as well as compliance officer liabilities.  

SEC has identified what they believe are violations of law or material weakness in controls over 50% of the time. Many PP only firm violations stem from finders, business brokers, or employees who are unaware they have gone beyond non-broker activity. Reduce the risk of action, litigation, or fine by identifying when a person stops conducting non-broker activity.  Discuss best practices to avoid illegal contracts and further protect your firm against risk. 

Take a look at the challenges with private equity and venture capital or alternative investment instruments for BD’s and RIA’s. We’ll go over tips & best practices to govern compliance.  Gain a better understanding of SEC and FINRA perspective, and how they  interpret private placement. Get a checklist of to do items for successful compliance oversight.

Read more about Fund Administration & Compliance

 

Tax Strategy and Best Practices for Private Funds 

RSM US Venture Capital and Private Equity Tax Experts join the discussion and provide insight to best practice tax strategy for PP firms. Starting with Fund formation and Implementation, they’ll take us through tax compliance concerns, capital maintenance issues, and answer questions about assurance, custody audits, and more.

Bring your challenging questions and discuss the complexities of cash-flow valuation, distribution, diversification, and transfers. RSM experts are fluent with multiple aspects of fund investments. Learn the practical approach that focuses on planning for a tax-efficient solution.

Visit RSM US website for more about what they have to offer Private Equity Funds

 

RSVP required: November 1 & 3, 2016 Compliance Roundtable Meetings

 

Schedule: Date, Time & Location:

Tuesday, November 1 2016   2:00 pm to 4:00 pm  (Los Angeles Meeting)  

Address / Link: 515 S Flower Street, 41st floor Los Angeles CA 90071

Parking: Validated valet parking. Park in building lot at 5th & Flower. One-way street, left lane entrance.

Or –

Thursday, November 3 2016  2:00 pm to 4:00 pm ( Irvine Meeting)

Address / Link: 18401 Von Karman Ave 5th floor, Irvine CA 92612

Parking: Park in visitor lot at building. Parking will be validated.

 

The meeting is open to compliance professionals in the securities industry, feel free to share meeting details with compliance colleagues.

Business casual. Refreshments provided.

 

Limited seating. Reserve your seat here – RSVP:

Fields marked with an * are required

Dave Banerjee is co-founder of RND Resources Inc. a leading compliance consulting, audit, and support services firm. Dave is an active member of NSCP and has been working in regulatory compliance since 1984. He holds principal licenses 4, 24, 27, and 53, as well as several registered representative level licenses. Additionally, Dave is a certified public accountant and member of PCAOB, and member of NSCP “National Society of Compliance Professionals”.  Join Dave with RSM US Alliance November 1 or 3, 2016 to discuss the above topics and network with colleagues.

linkedin

Join the Roundtable discussion on LinkedIn

 


Coming Soon, Topic: Insider Trading: Staff Training on Rules and Violations

hosted by RND Resources, Inc., a member of NSCP – National Association of Compliance Professionals 

 

Often times firms fall in to the trap of believing “Our Executives know the rules, are too ethical to commit insider training, and do not need annual training.”  However, as a consultant to firms in trouble, RND Resources knows this can be a costly myth to rely upon.  Case history shows that not only have executives been involved in insider trading scandals, but corporate secretaries, relatives, and employees have found themselves at the center of lawsuits and investigation by the SEC.

During the June 3, 2015 meeting the San Fernando Valley Compliance Roundtable will discuss: what constitutes Insider trading and what are the penalties. Some forms of insider trading schemes are obvious and other times an employee is simply uninformed about regulatory laws. Civil penalties and regulatory fines are stiff for those prosecuted of insider trading schemes. Brokerage firms are liable for the actions of their employees and agents, and need to approach their obligation to minimize risk seriously.

Join us for a presentation and Roundtable discussion of this important topic.

Meeting Date & Time:  to be determined

Location: to be determined

Open meeting for compliance professionals. Please feel free to pass along meeting information to your colleagues.

 

linkedin

Join the Los Angeles Roundtable Discussion Group on LinkedIn

 

 

Can’t Attend? Join the meeting by webinar. Email for more details.

 


* Past Roundtable Events *

Los Angeles Area | 2 Locations & Dates

– June 14 2016 Tuesday, Irvine  2:00 – 4:00

– June 15 2016 Wednesday, Downtown Los Angeles  2:00 – 4:00 

2 Topics:

– Preparing for Audits

– Review the CyberSecurity Plan

Hosted in Los Angeles at McGladrey Alliance offices with RND Resources Inc, member McGladrey Alliance & NSCP

Preparing for Audits & Examinations

Audit season this year proved to be too much of a struggle for an unusually high number of BD firms. A recent PCAOB conference cited over 30% of BD’s postponed their annual certified audit, most due to uncertainty about what is required, cost of the audit itself, and the time it takes to prepare the records for audit.  

Let’s take a look at the challenges with these and other audits for BD’s and RIA’s. We’ll go over tips & best practices to prepare.  Gain a better understanding of the auditor’s perspective and how they  interpret your records. Get a checklist of to do items for successful audit preparation.

Well prepared audit records save businesses time and money in 1) auditors time spent, 2) cost to compile audit records, 3) consequences of a poor audit result, 4) follow up questions and changes to practices

Read more about Audit Preparation Requirements

It’s Time to review the CyberSecurity Plan

Wondering you can do to make your cyber-security plan more secure?  Let’s discuss it.

Dave Banerjee CPA is teamed up with McGladrey Alliance to ensure BD’s and RIA’s have a robust CyberSecurity technology & planning solution. Join this discussion and learn ways to improve your firms cybersecurity environment.

  • Learn about emerging threats and trends in cyber-crime.
  • Understand how to evaluate your cybersecurity policy for weaknesses.
  • Get details about penetration testing methods and system analysis.
  • Find out what IT experts look for when developing a cyber-security program for firms. 
  • Tie it all together with regulatory expectations and new methods being used to test firms for cyber-weaknesses.

Download our CyberSecurity Checklist & Gap Analysis Worksheet

—————

 

By Appointment in New York |

Monday, February 15, 2016

Topic: 

– SEC & FINRA Priorities Letter 2016 

– Open Discussion

Meet in New York at PCNY with RND Resources Inc a member of NSCP – National Association of Compliance Professionals

Examination Priorities

Are you prepared? FINRA and SEC Priorities letter for 2016; Liquidity Controls, Public Pension Advisors, Product Promotion, Exchange-Traded Funds, and Variable Annuities are under the microscope for 2016 examinations. Along with the usually suspects like cyber-security procedures, Microcap Fraud, and Reverse Churning. Meet with Dave to discuss top level concerns and compliance initiatives for 2016.

Read our blog post – 2016 Examinations Priorities

Open Topic

What’s keeping you up at night? Are you concerned about Outside Business Activities, Liens, and other problems your registered representatives may not be telling you about? Do you have Audit Season anxiety? Wondering if your cyber-security plan is secure enough?  Bring it to the table for discussion. Share opinions, gain insight, and develop winning strategies to solve pressing issues.

Dave Banerjee is co-founder of RND Resources Inc. a leading compliance consulting, audit, and services firm. Dave is an active member of NSCP and has been working in regulatory compliance since 1984. He holds principal licenses 4, 24, 27, and 53, as well as several registered representative level licenses. Additionally, Dave is a certified public accountant and member of PCAOB.  Join Dave on February 15, 2016 to discuss these important topics and network with colleagues.  

February 15, 2016 by appointment meeting in New York at the Princeton Club – New York in mid-town Manhattan 

This will be an appointment only meeting and discussion at the club.

Schedule Date & Time:  Monday, February 15 2016  between 1:00 pm and 4:00 pm

Location: Princeton Club – New York (PCNY) 15 West 43rd Street, New York, NY  10036

The appointment and discussion is open to compliance professionals in the securities industry, feel free to share meeting details with compliance colleagues.

Business attire. Jacket required.

—————

Join us in New York |

Wednesday, September 30, 2015

Topic: 

– Compliance Officer Liability – Risks & Exposure 

– SEC Custody Rules

hosted in New York at PCNY by RND Resources, Inc., a member of NSCP – National Association of Compliance Professionals

Compliance Officers take on a tremendous amount of responsibility with respect to liability, sanctions, career ending mistakes, or damage to firm and personal reputation. Even the best policies and procedures, when poorly implemented, carry the severe consequences. How do CCO’s find balance between minimizing risk without over-complicating business operations? If your firm is like many we see, the Chief Compliance Officer holds a couple of titles and often does not have years of expertise handling compliance issues.

Find out why certain risks are more of a threat than others. Discuss what role policies and procedures play in defending against violations. Understand why not understanding the rules, doesn’t keep you out of trouble. Learn how to adopt a corporate culture of recognizing and proactively managing compliance.

Custody Rules for Advisory Firms are complicated and violations get expensive. Review SEC custody rules and get answers in the discussion about:

  • Standing Letters of Authority
  • Trustee Relationships
  • Due Diligence on Custodians
  • Engaging an Independent Auditor
  • Custody Disclosures 
  • Bill Paying

Dave Banerjee is a member of NSCP and has been a member of FINRA working in regulatory compliance since 1984. He has provided expert witness testimony, handled forensic accounting audits and led fraud investigation examinations. Join us on September 30, 2015 to discuss these important topics and network with colleagues.  

September 30, 2015 meeting is hosted in New York at the Princeton Club – New York in mid-town Manhattan 

There will be a presentation and Roundtable discussion of the topic. 

Meeting Date & Time:  Wednesday, September 30, 2015    3:30 pm to 5:00 pm

Location: Princeton Club – New York (PCNY) 15 West 43rd Street, New York, NY  10036 ♦ PCNY Phone:  (212) 596-1200

Open meeting for compliance professionals. Please feel free to pass along meeting information to your colleagues.

Refreshments will be provided.  Business attire. Jacket required.

*****

Join us in Los Angeles | Tuesday, September 15, 2015

Topic: Compliance Officer Liability – Risks & Exposure

hosted in Los Angeles | Woodland Hills office of RND Resources, Inc., a member of NSCP – National Association of Compliance Professionals | SC-CG – Southern California Compliance Group

Compliance Officers take on a tremendous amount of responsibility with respect to liability, sanctions, career ending mistakes, or damage to firm and personal reputation. Even the best policies and procedures, when poorly implemented, carry the severe consequences. How do CCO’s find balance between minimizing risk without over-complicating business operations. If your firm is like many we see, the Chief Compliance Officer holds a couple of titles and often does not have years of expertise handling compliance issues.

Find out why certain risks are more of a threat than others. Discuss what role policies and procedures play in defending against violations. Understand why not understanding the rules, doesn’t keep you out of trouble. Learn how to adopt a corporate culture of recognizing and proactively managing compliance.

Dave Banerjee is a member of NSCP and has been a member of FINRA working in regulatory compliance since 1984. He has provided expert witness testimony, handled forensic accounting audits and led fraud investigation examinations. Join us on September 15, 2015 to discuss these important topics and network with colleagues.  

September 15, 2015 meeting is hosted in Los Angeles at the office of RND Resources, Inc., Woodland Hills CA 

There will be a presentation and Roundtable discussion of the topic. 

Meeting Date & Time:  Tuesday, September 15, 2015    11:30 am to 1:30 pm

Location: RND Resources, Inc. 21860 Burbank Blvd, North Building – Suite #150, Woodland Hills, CA  91367 ♦ Phone:  (818) 657-0288

 

*****

New York | Monday, June 29, 2015

Topic: SEC proposed Form ADV changes & Cybersecurity Strategy

hosted in New York at PCNY by RND Resources, Inc., a member of NSCP – National Association of Compliance Professionals 

May 2015, the SEC proposed changes to form ADV which were unanimously approved and will require more information about separately managed accounts, branch operations, and social media. Find out what changes to expect and how it will affect you. Prepare comments for the Federal register.

Cybersecurity threats abound in today’s online world. Take a deep look into the latest strategies to protect your firm and client data from breach. Dave Banerjee is a member of ISACA with expertise on the cybersecurity and how the financial service firm landscape is affected.

June 29th 2015 meeting Is hosted in New York at the Princeton Club in mid-town Manhattan.  

There will be a presentation and Roundtable discussion of these important topics. 

Meeting Date & Time:  Monday, June 29, 2015    2:30 pm to 4:30 pm

Location: Princeton Club – New York (PCNY) 15 West 43rd Street, New York, NY 10036 | PCNY phone: 212.596.1200

Open meeting for compliance professionals. Please feel free to pass along meeting information to your colleagues.

Refreshments will be provided.  Business attire. Jackets required.

——

Wednesday, June 3, 2015

Topic: FINRA Sanction Guidelines – May 2015

hosted by RND Resources, Inc., a member of NSCP – National Association of Compliance Professionals 

The May 2015 Sanction Guidelines include significant revisions to the recommended sanctions associated with fraud and material misrepresentations or omissions and violations of FINRA’s suitability rule. Revised guidelines also amend the “General Principals Applicable to All Sanction Determinations” by reinforcing FINRA’s emphasis that sanctions should be “significant enough to achieve deterrence, and not a mere cost of doing business.”  

June’s meeting will discuss the changes to gain a better understanding of what the impact is for firms and how to avoid compliance issues.  

Join us for a presentation and Roundtable discussion of this important topic.

Meeting Date & Time:  Wednesday, June 3, 2015    11:30 am to 1:30 pm

Location: RND Resources, Inc. 21860 Burbank Blvd, North Building – Suite #150, Woodland Hills, CA  91367 ♦ Phone:  (818) 657-0288

Parking: Street parking is available on Burbank Blvd or Owensmouth Ave. Paid parking is available at the building entrance on Owensmouth. (no parking validations will be given)

 

——

April 22, 2015

Topic: Managing CyberSecurity for Regulatory Compliance

presented by RND Resources, Inc., a member of NSCP – National Association of Compliance Professionals 

 

FINRA Report released February 2015 identifies standards for brokerage and investment firms to implement as a means to protect customer and firm data from threats and attacks. FINRA created a summary of effective principals and practices leading to a sound cyber-security program. Brokerage and Investment firms need to analyze their proficiency in key areas to ensure data is secure at all times.

Key areas include: Governance and Risk Management, Risk Assessment, Technical Control, Incident Response Plan, Vendor Management, Staff Training, Information Sharing Practices, Cyber Insurance

FINRA has cited, sanctioned, and fined firms with weak cyber-security infrastructures. Their report presents case study examples of errors, on the part of firms, to protect customer data. Hackers use sophisticated methods to breach company records. Firms must stay on top of security measures to ensure they are protected against common and not so common threats.

Join us for a presentation and Roundtable discussion of this important topic.

Meeting Date & Time:  Wednesday, April 22, 2015    11:30 am to 1:30 pm

Location: RND Resources, Inc. 21860 Burbank Blvd, North Building – Suite #150, Woodland Hills, CA  91367 ♦ Phone:  (818) 657-0288

 


 

 

Presented by Dave Banerjee, CPA, a member of ISACA – Information Security and Audit Controls Association. Dave has been involved in the securities industry since 1985 as an accounting and compliance specialist. He is a CPA, and PCAOB registered. RND Resources, Inc is commited to providing full service compliance and accounting support to financial industry professionals and has served over 300 broker-dealers, RIAs, Hedge fund / Private fund offices with his expertise.