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Event Registration - SEC Proposal to Modernize Advertising and Cash Solicitation Rules

Friday, January 24, 2020
12:00 PM - 2:00 PM Eastern Standard Time
Please join us for a Panel Discussion on the SEC's Proposal to Modernize Advertising and Cash Solicitation Rules. The proposed amendments are intended to update these rules to reflect changes in technology, the expectations of investors seeking advisory services, and the evolution of industry practices.

Take this opportunity to learn more about this Proposal and its impact on your firm. Join the discussion to share your perspective and hear from others on how they are addressing these proposed changes to the rules. The public comment period will be open for 60 days after publication in the Federal Register.

  • Michael S. Caccese, Chairman of the Management Committee K&L Gates LLP
  • Michael McGrath, Partner K&L Gates LLP
  • Fred Wofford, CCO Congress Asset Management

Michael S. Caccese, Chairman of the Management Committee K&L Gates LLP
Mr. Caccese is K&L Gates' chairman of the Management Committee and practice area leader of the financial services practice. K&L Gates maintains one of the most prominent financial services practices in the United States - with more than 150 lawyers practicing from Australia, Asia, Europe and the United States, representing diversified financial services institutions and their affiliated service providers. Mr. Caccese focuses his practice in the areas of investment management, including mutual funds, closed-end funds, registered fund of hedge funds, hedge funds and separately managed accounts, in addition to advising on investment management and broker-dealer regulatory compliance. Mr. Caccese also advises on structuring investment management professional team "lift-outs" and "placement", "soft dollar" compliance, investment performance, the Global Investment Performance Standards ("GIPS"), and the CFA Soft Dollar Standards and the Trade Management (Best Execution) Guidelines, along with other investment management industry standards of practice.

Mr. Caccese has held various licenses over his career including Series 7, 14, 24, and 63, and has served as a compliance officer for NYSE and NASD broker-dealers. In addition, he has provided regulatory compliance advice for SEC registered investment advisors and CFTC registered commodity-trading advisors.

Mr. Caccese has been recognized by various legal directories such as Best Lawyers, Chambers, Intercontinental Finance Magazine Leading Lawyers, Legal 500 and The International Who's Who of Private Funds Lawyers as a leading practitioner in the investment management/broker-dealer area. He is also a two-time recipient of the BTI Client Service All-Star Award from the BTI Consulting Group, Inc., one of the country's most independent and respected business research companies. BTI compiled its Client Service All-Star list based on interviews with more than 200 corporate counsel at large and Fortune 1000 companies. During these interviews, BTI asked corporate counsel to name individual attorneys who they believe truly deliver client service better than all others. Mr. Caccese has also been selected by his peers for inclusion in The Best Lawyers in America© since 2014 in the field of Mutual Funds Law.

Michael W. McGrath, Partner K&L Gates LLP
Michael McGrath is a partner in the firm's Boston office. He practices in the areas of investment management, securities, and commodities law, including the representation of institutional investment firms, registered investment companies, private equity and hedge funds.

Mr. McGrath counsels SEC, CFTC, NFA, and FINRA regulation. His practice is focused on helping financial institutions design their compliance programs, supporting trading and investment management issues including best execution, soft dollars, control of nonpublic information, and derivatives trading, and assisting with SEC and NFA staff examinations.

Mr. McGrath also has extensive experience counseling clients on regulatory matters that relate to strategic business decisions, including:
  • transactional, regulatory, and operational issues arising from mergers and reorganizations of investment funds and their investment advisers;
  • optimal corporate and operational structures related to affiliated investment managers, cross-border operations, and joint ventures;
  • the development of novel alternative investment strategies and the offering of such strategies through various types of investment vehicles; and
  • emerging regulatory issues related to crowdfunding, social media, cybersecurity, and financial technology.

Mr. McGrath is a CFA charterholder.


Prior to joining K&L Gates in 2011, Mr. McGrath was a Vice President and Senior Counsel with Allianz Global Investors, where he provided counsel in several different areas including: compliance with regulatory requirements, mergers and reorganizations of business units, the formation and offering of private funds and mutual funds, and the negotiation of investment management agreements, side letters, trading agreements, and derivatives documentation.

Fred Wofford, CCO Congress Asset Management
Fred Wofford is the Chief Compliance Officer for Congress Asset Management. He is responsible for managing all compliance, risk and legal functions and associated monitoring. Prior to joining the firm, he was with Bank of America, where he was Director of Compliance for Merrill Lynch Alternative Investments, LLC and Chief Compliance Officer for their SEC registered alternative investment funds. Fred has also held senior compliance positions at Columbia Management and Deutsche Asset Management.

Fred received his BA from University of Connecticut and his MBA from Northeastern University.

Of his many interests outside of work, he founded the Dedham School of Music, where he serves as a Board Member.

Please note, attendees are asked to bring their own lunches. There is no charge for Members for this event, however registration is required in advance.

Wells Fargo Connections
125 High Street
14th Floor
Boston, MA 02110
Registration is complimentary for members.
Non-Members: $10.00