The financial crisis has led to heightened concerns regarding risk and renewed, and more diverse, attention at the SEC to issues of risk. This increased attention to risk raises questions as to the role of the Chief Compliance Officer (“CCO”) with respect to a regulated entity’s risk management program. While there is still some degree of uncertainty, recent actions by the SEC and certain provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act suggest a shift that is increasingly assigning risk-related responsibly to the CCO. Moreover, the line between legal or compliance risk and business or operational risk has become less clear as new, operationally focused rules have been enacted.

Join us for a free webinar with Glen Barrentine, Special Counsel with Cadwalader, Wickersham & Taft’s financial services practice. During the webinar, Mr. Barrentine will provide some background on the SEC’s historical viewpoint as it relates to risk and recent developments with respect to the emerging risk management responsibilities of CCO’s including:

• A review of the recent SEC enforcement order involving AXA Rosenberg
• Remarks on risk by Carlo V. DiFlorio, Director of SEC Office of Compliance Inspections and Examinations
• Regulatory provisions underlying the CCO’s obligations with respect to risk management

Who Should Attend

• Chief Compliance Officer
• Chief Risk Officer
• Chief Financial Officer
• Director of Risk Management
• Director of Regulatory Affairs

About the Presenter

Glen Barrentine is a Special Counsel with Cadwalader, Wickersham & Taft, resident in the New York office, and a member of the firm’s Financial Services practice. Mr. Barrentine regularly represents broker-dealers, investment advisers and other financial entities across a broad range of legal, regulatory and compliance issues and frequently assists clients with regulatory inspections, examinations and inquiries, internal investigations and compliance reviews. He is also the Chairman of the National Society of Compliance Professionals (NSCP) subcommittee on IA Legal and Regulatory Affairs.

Mr. Barrentine was formerly the Chief Regulatory Officer of the American Stock Exchange where he supervised its enforcement, options, and equities surveillance and other regulatory programs. Before joining AMEX, Glen was an Assistant General Counsel with Bank of America, where he was the principal attorney for compliance and regulatory issues affecting the bank's institutional brokerage firm, Banc of America Securities. He also previously served at the U.S. Securities and Exchange Commission as an Assistant Director with the Commission's Office of Compliance Inspections and Examinations, and before that with the Division of Market Regulation.

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