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
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
Boston, MA 02110
Description:Registration is complimentary for members.