January 24, 2020 Alert

Hi all,

Below are this week’s alerts for the Investment Network.  Enjoy!

This Issue’s Topics:

  • Job Opportunity: 100 Women in Finance Foundation: Global Director Pre-Career Initiatives
  • Article: Fund Board Views: Fund proxy voting: What’s the board’s role?
  • NRS Webinar: Books and Records Requirements for Investment Advisers
  • Crypto 2020 Summit
  • The CBA Young Lawyers Section: All Bar Networking Social & Fair
  • After the Bell: Regulatory Uncertainty, Crypto Investment & the Current Blockchain Landscape

Job Opportunities:

100 Women in Finance Foundation: Global Director Pre-Career Initiatives
United States

The Global Director of Pre-Career Initiatives will report directly to the Chief Executive Officer and will be an integral member of the senior management team of the organization. The Global Director will apply knowledge and experience with adolescent development and education systems to cultivate access, interest and preparation for careers in finance among teenage girls worldwide. The Global Director will support, manage and expand our portfolio of nonprofit partners to maximize impact. The Global Director will strategically deploy grants and foster connections among Program Partners, 100WF volunteers and institutional sponsors to achieve 100WF’s mission.

For more details contact Kathy Petrusek at kpetrusek@stradley.com. Kindly submit resumes to PreCareer@100women.org.


Fund Board Views: Fund proxy voting: What’s the board’s role?
January 21, 2020
Sara P. Crovitz, Stradley Ronon

In the last few years, the financial press has increasingly focused on how institutional investors, particularly mutual funds, impact the public companies in which they invest. Whether controversial director elections, shareholder proposals related to ESG themes, or the threat of common ownership in particular industries, articles point to the power of asset managers to influence behavior at public companies. Regulators, too, have focused on whether asset managers vote proxies consistent with their fiduciary duties, and regulators have also adjusted the contours of these fiduciary duties. Regulators have been particularly sensitive to asset manager use of proxy advisory firms to assist with voting fund shares due to public company criticism of proxy advisory firms.

To read more, click here.


NRS Webinar: Books and Records Requirements for Investment Advisers
Tuesday, January 28, 2020, 12:00-2:00 P.M.

For the average investment adviser, the prospect of managing the administrative and compliance aspects of the daily operations of the firm can be daunting. This pressure is further multiplied by recent regulatory trends and enforcement actions. Given these trends, advisers need to be particularly concerned about the accuracy, quality, and completeness of the firm’s books and records as required by Rule 204-2 of the Advisers Act.

Generally speaking, at the outset of an examination, the SEC will form an early assessment of your firm’s internal controls based upon the quality of your record keeping, and your ability to respond quickly to requests for information. Examiners will ask for numerous records to be available for review, many of which are not “required” records as described in Rule 204-2. Nonetheless, as a registered investment adviser, your firm is obligated to comply with such records requests. In addition, certain books and records may be requested in electronic format to allow for easier analysis of data. These recordkeeping requirements apply to a vast array of topics ranging from the maintenance of the firm’s financial records to records pertaining to the firm’s custody practices.

This seminar will not only cover the nuts and bolts of the SEC books and records rule, including recent amendments, but will incorporate an overview of the SEC’s expectations regarding non-required records that are included in the SEC examination document request list, samples of which will be provided. Paper and electronic storage of records, including email technology and solutions, will be discussed as will record management practices that help advisers avoid common examination deficiencies.

The speakers will be Nicole Kalajian from Stradley Ronon and Kurt Wachholz from NRS. For more information, click here.

Crypto 2020 Summit
January 28-31, 2020

47 of the world’s top crypto experts share their list of the best crypto projects for the bitcoin halvening bull run of 2020. Here are just 3 of the many red-hot crypto sectors to be covered:

  • Initial Exchange Offerings (IEO) – It’s no secret that the most money is now made on alt-coins over Bitcoin. But making money with alt-coins in 2020 is going to be far different than 2017. For one, initial coin offerings (ICOs) don’t exist. Instead, they’ve been replaced by initial exchange offerings (IEO). The rules are different. But if you have the know how, the opportunity is the same (if not better). By the end of Crypto Summit you’ll know everything there is to know about IEOs and you’ll know the best ones coming up just in time for the 2020 bull run.
  • Tokenized Security Assets – Security Tokens are opening up a massive market for investors all around the world, cutting out the middleman for the first time in history. Security Tokens are like ICOs backed by physical assets. They’re incredible opportunities to make money, but they’re highly regulated. Learn how you can get a piece of the profits without being an accredited investor (net worth over $1,000,000).
  • Lending and Interest on the Blockchain – With new blockchain protocols, it’s possible to earn interest from your crypto for the first time. For the first time, you can lend and invest your money anywhere in the world. Imagine investing in start-ups in hot developing countries. Improving their quality of life while earning huge returns and it’s all on the blockchain. No governments… no middlemen.

For more information, click here.

The CBA Young Lawyers Section: All Bar Networking Social & Fair
Thursday, February 13, 2020, 5:30-8:30 P.M.
Joy District, 112 W. Hubbard St., Chicago, IL

For the first time EVER, Illinois’ most prominent legal organizations and local law schools are joining together for an All Bar Networking Event & Social! This event will enable hundreds of lawyers, law students, and judges to network and socialize with one another at the same event. Each legal organization will have their own table with representatives who will be available to explain how attendees can get involved and make connections within Chicago’s legal community!

For more information, click here.

After the Bell: Regulatory Uncertainty, Crypto Investment & the Current Blockchain Landscape
Thursday, February 13, 2020, 5:45-8:45 P.M.
Athena Bitcoin Inc., 211 West Wacker Dr., Chicago, IL

Tokenization, Institutionalization and Securitization of Blockchain. The panel will discuss issues including:

  • DeFi – decentralizing finance and its impact
  • Overcoming doubt – challenges facing cryptocurrency exchanges including securing payments and custody issues
  • What are the advantages to tokenization of assets and securitization of blockchain’s distributed ledger
  • Impact and risk of cryptofinancial products
  • Regulatory uncertainty – formulating and establishing standards
  • Assessing the landscape of investment in blockchain – US vs. globally

The panelists will include: Deji Jimoh of WealthBlock.AI; Eric Gravengaard of Athena Bitcoin and Red Leaf Advisors; Peter Arethas of Venture Partners; Tony Pettipiece of GRIP Investments; and Zach Ziliak of Ziliak Law, LLC and Bell Rock Corporate Services, Ltd. Facilitator: Stacey Mankoff of The Mankoff Company and After the Bell Events

Discussion is immediately followed by a networking reception. For more information, click here.

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