Understanding Financial Products 2023

14-Hour Program

See Credit Details Below

Overview

Why You Should Attend

Designed for attorneys and other professional who are looking for an in-depth introduction to financial products, this two-day program lays the groundwork with financial product fundamentals before diving into each kind of financial product clients are most frequently engaging in. Experienced financial services attorneys will introduce the varying kinds of financial products, their individual structures and uses, and the impacts of recent regulatory and legislative developments.

This comprehensive program is especially helpful for those needing a primer on dealing with the more common financial investment products in the marketplace today. In addition to exploring individual financial products, there will be an in-depth assessment of what ESG priorities will look like in 2023. Analyze how the events of 2022, the evolution of social priorities, and governance transparency have impacted investment mandates.

Round out your understanding of financial products with an overview of what legal ethics issues attorneys should anticipate in the current environment of working remotely and appearing virtually. Also take an in-depth look at the legal ethics rules that are commonly in play with predesignated counsel.

What You Will Learn

After completing this program, participants will be able to:

Gain insights on financial products and their structures
Become familiar with the basic economics of derivatives
Understand distributed ledgers, cryptocurrencies, and tokens.
Analyze Dodd-Frank and the impact of CFTC regulation of commodity pools and advisers.
Identify the common issues that trigger legal ethics rules when working with financial products.

Who Should Attend

Attorneys and other professionals interested in getting a deeper understanding of financial products will find this program highly valuable.

Program Level: Overview

Prerequisites: None

Advanced Prep: None

Lecture Topics [Total time 00:16:00]

Segments with an asterisk (*) are available only with the purchase of the entire program.

Opening Remarks* [00:04:23]
GuyLaine Charles
Financial Product Fundamentals [01:32:39]
Duane M.. Morikawa, Lawrence G. Wee, Ellen P. Pesch, Conray C. Tseng
Derivatives Products [01:19:43]
Rick Grove, Elizabeth Davis, Ian Cuillerier
Understanding Financial Products Through the ESG Lens: Environmental, Social and Corporate Governance [01:13:51]
John M. Mbiti, Yves Denizé, Pamela L. Marcogliese
Introduction to Cryptocurrency and Financial Products [01:17:45]
Joshua Riezman, Garynn (Noel) McPhee, Damien Scott, Jon-Jorge Aras
Blockchain and ESG [01:15:10]
Tatyana L. Kleyman, Tiffany J. Smith, Yev Muchnik, Amira Valliani
Securitized Products [01:10:33]
Tamika P. Bent, Anthony R.G. Nolan, Tara E. Castillo, Jamie Kocis
Mutual Funds, Closed-End Funds, and ETFs [01:19:53]
Vadim Avdeychik, Jennifer S. Choi, Joseph A. Heyison, Kristin A.. Snyder
Lunch Fireside Chat with Featured Speaker [00:58:13]
Commissioner Kristin N. Johnson
Hedge Funds and Other Private Funds [01:17:50]
David Lourie, Allison C. Yacker, Erin C. Ross, Vivek Nayar
Capital Markets Products [01:15:55]
Anna T. Pinedo, Duncan Murdoch, Anne E. Beaumont, Anne-Karine Dabo
Understanding Ethical Challenges When Working with Financial Products [01:15:18]
Sabeena Ahmed Liconte, Ellen M. Wheeler, Noelle H.. Sproul

The purchase price of this Web Program includes the following articles from the Course Handbook available online:

Complete Course Handbook
Congressional Research Service, Who Regulates Whom? An Overview of the U.S. Financial Regulatory Framework, CRS Report 44918 Prepared for Members and Committees of Congress, Version 7 (Updated March 10, 2020)
GuyLaine Charles
Commodity Futures Trading Commission, Investor Bulletin: Key Topics for World Investor Week 2021, available at: https://www.cftc.gov/LearnAndProtect/AdvisoriesAndArticles/keytopicsforworldinvestorweek2021
GuyLaine Charles
Valuation in the Context of Derivatives Litigation
Rick Grove
Forward Settling Securities Transactions and the Master Securities Forward Transaction Agreement (“MSFTA”), Bloomberg Law (April 2021)
GuyLaine Charles
Cleared Derivatives Addendum, Bloomberg Law (April 2021)
GuyLaine Charles
Force Majeure in Derivatives Contracts, Bloomberg Law (April 2021)
GuyLaine Charles
Clifford Chance, Alert, SEC Adopts Amendments to Fund Shareholder Reports and Fee- and Expense-Related Disclosure in Fund Advertising (November 2022)
Vadim Avdeychik
Minutes of the Financial Stability Oversight Council (July 28, 2022), available at: https://home.treasury.gov/system/files/256/FSOC_20220728_Minutes.pdf
GuyLaine Charles
Clifford Chance, Alert, SEC Proposes ESG Disclosure Rules, and Updates to the Names Rule (June 2022)
Vadim Avdeychik
U.S. Securities and Exchange Commission, Elad L. Roisman, Commissioner, Speech, Can the SEC Make ESG Rules That Are Sustainable?, Washington, D.C. (June 22, 2021)
GuyLaine Charles
U.S. Securities and Exchange Commission, Caroline A. Crenshaw, Commissioner, Statement on DeFi Risks, Regulations, and Opportunities (November 9, 2021)
GuyLaine Charles
Jay B. Sykes, Legislative Attorney, Congressional Research Service, Stablecoins: Legal Issues and Regulatory Options (Part 1) (June 9, 2022)
GuyLaine Charles
Digital Commodities Consumer Protection Act of 2022, S.4760, 117th Congress, 2D Session (August 3, 2022)
GuyLaine Charles
Memorandum and Order, Commodity Futures Trading Commission v. McDonnell, et al., No. 18-CV-361 (E.D.N.Y. 2018)
GuyLaine Charles
Complaint, U.S. Securities and Exchange Commission v. Wahi, et al., No. 2:22-cv-01009 (W.D. Wash. 2022)
GuyLaine Charles
Order Instituting Proceedings Pursuant to Section 6(c) and (d) of the Commodity Exchange Act, Making Findings, and Imposing Remedial Sanctions, In the Matter of: bZeroX LLC, et al., CFTC Docket No. 22-31 (September 22, 2022)
GuyLaine Charles
Complaint, Commodity Futures Trading Commission v. Ooki DAO, No. 3:22-cv-5416 (N.D. Cal. 2022)
GuyLaine Charles
Executive Order No. 14030 on Climate-Related Financial Risk, 86 Fed. Reg. 27967 (May 20, 2021)
GuyLaine Charles
Commodity Futures Trading Committee, Subcommittee on Climate-Related Market Risk of the Market Risk Advisory Committee, Managing Climate Risk in the U.S. Financial System
GuyLaine Charles
U.S. Securities and Exchange Commission, Press Release, SEC Proposes Rules to Enhance and Standardize Climate-Related Disclosures for Investors, Washington, D.C. (March 21, 2022)
GuyLaine Charles
U.S. Securities and Exchange Commission, Press Release, SEC Charges BNY Mellon Investment Adviser for Misstatements and Omissions Concerning ESG Considerations, Washington, D.C. (May 23, 2022)
GuyLaine Charles
U.S. Securities and Exchange Commission, Press Release, SEC Charges Brazilian Mining Company with Misleading Investors about Safety Prior to Deadly Dam Collapse, Washington, D.C. (April 28, 2022)
GuyLaine Charles
U.S. Securities and Exchange Commission, Press Release, SEC Charges Founder of Nikola Corp. with Fraud, Washington, D.C. (July 29, 2021)
GuyLaine Charles
U.S. Securities and Exchange Commission, Allison Herren Lee, Commissioner, Speech at the 2021 ICI Mutual Funds and Investment Management Conference, Every Vote Counts: The Importance of Fund Voting and Disclosure (March 17, 2021)
GuyLaine Charles
U.S. Securities and Exchange Commission, Gary Gensler, Chair, Testimony Before the Subcommittee on Financial Services and General Government, U.S. House Appropriations Committee, Washington, D.C. (May 26, 2021)
GuyLaine Charles
The Securitization Legal and Regulatory Framework (PowerPoint slides)
Anthony R.G. Nolan
The Alternative Reference Rates Committee, Options for Using SOFR in New ABS, MBS, and CMBS Products (March 2021)
GuyLaine Charles
Virginia Leggett Stevenson, K&L Gates LLP, Alert, The End Is Nigh-Bor for Good Old LIBOR: Important Transition Dates as New York Legislative Fix Becomes Law (April 13, 2021)
Anthony R.G. Nolan
Adjustable Interest Rate (LIBOR) Act of 2021, H.R. 4616, 117th Congress, 1st Session (2021)
GuyLaine Charles
Virginia Leggett Stevenson, K&L Gates LLP, Alert, COVID-19: Revenue Procedure 2021-12 Extension of Treatment of Mortgage Loan Forbearances and Modifications for Mortgage Loans in Remics and Fixed Investment Trusts and DSTS Used for 1031 Exchanges (January 27, 2021)
Anthony R.G. Nolan
Richard Hayes, Marisa Murillo, Kitt A. Ritter and Kevin R. Szu-Tu, K&L Gates LLP, Alert, ESG—Recent Developments in Global Sustainable Finance (July 14, 2021)
Anthony R.G. Nolan
Daniel S. Nuñez, et al., K&L Gates LLP, The Coming Blockchain Revolution in Consumption of Digital Art and Music: The Thinking Lawyer’s Guide to Non-Fungible Tokens (NFTS) (March 25, 2021)
Anthony R.G. Nolan
Kroll Bond Rating Agency, Structured Finance Research, Blockchain: Evolution or Revolution? (April 22, 2019)
GuyLaine Charles
U.S. Securities and Exchange Commission, Office of Investor Education and Advocacy, Mutual Funds and ETFs: A Guide for Investors, SEC Pub. 182 (December 2016)
GuyLaine Charles
U.S. Securities and Exchange Commission, Mutual Funds and Exchange-Traded Funds (ETFs)—A Guide for Investors (Modified January 26, 2017)
GuyLaine Charles
U.S. Securities and Exchange Commission, Division of Examinations, 2022 Examination Priorities
GuyLaine Charles
U.S. Securities and Exchange Commission, Press Release, SEC Announces Enforcement Results for FY22, Washington, D.C. (November 15, 2022)
GuyLaine Charles
U.S. Securities and Exchange Commission, Spotlight on Enforcement Task Force Focused on Climate and ESG Issues (Modified October 28, 2022)
GuyLaine Charles
U.S. Securities and Exchange Commission, Outsourcing by Investment Advisers, 17 CFR Parts 275 and 279 (October 26, 2022)
GuyLaine Charles
Complaint for Injunctive Relief, Civil Monetary Penalties, and Other Equitable Relief, Commodity Futures Trading Commission v. Shak, No. 2:22-cv-01258 (D. Nev. 2022)
GuyLaine Charles
The Commodity Futures Trading Commission, Press Release No. 8520-22, CFTC Charges Archegos Capital Management and Three Employees with Scheme to Defraud Resulting in Swap Counterparty Losses Over $10 Billion (April 27, 2022)
GuyLaine Charles
Order Instituting Administrative and Cease-and-Desist Proceedings, Pursuant to Sections 15(b) and 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order, In the Matter of J.P. Morgan Securities LLC, Exchange Act Release No. 93807, Admin. Proc. File No. 3-20681 (December 17, 2021)
GuyLaine Charles
U.S. Securities and Exchange Commission, Gary Gensler, Chair, Remarks Before the Asset Management Advisory Committee (November 3, 2021)
GuyLaine Charles
Commodity Futures Trading Commission, Public Statements and Remarks, Statement of Acting Chairman Rostin Behnam at the Open Session of the Meeting of the Financial Stability Oversight Council (June 11, 2021)
GuyLaine Charles
U.S. Securities and Exchange Commission, Gary Gensler, Chair, Remarks Before the Healthy Markets Association Conference, Washington, D.C. (December 9, 2021)
Tamika P. Bent
U.S. Securities and Exchange Commission, Gary Gensler, Chair, Testimony Before the United States Senate Committee on Banking, Housing, and Urban Affairs, Washington, D.C. (September 14, 2021)
Tamika P. Bent
U.S. Securities and Exchange Commission, Gary Gensler, Chair, Testimony Before the Subcommittee on Financial Services and General Government, U.S. House Appropriations Committee, Washington, D.C. (May 26, 2021)
GuyLaine Charles
Adjustable Interest Rate (LIBOR) Act of 2021, H.R. 4616, 117th Congress, 1st Session (2021)
GuyLaine Charles
U.S. Department of the Treasury, Guidance on the Transition from Interbank Offered Rated to Other Reference Rates, 26 CFR Parts 1 and 301, 87 Fed. Reg. 166, No. 2 (January 4, 2022)
Tamika P. Bent
New York LIBOR Legislation of 2021, N.Y.S. 297—B, Article 18–C (January 6, 2021)
Tamika P. Bent
SEC Actions Against Attorneys—When Taking Your Client’s Word for It and Other Ethical Lapses Become Securities Fraud (November 29, 2021)
Ellen M. Wheeler
Charles Law PLLC, Memo, The Digitization of the Contract Drafting Process and Its Ethical Issues
GuyLaine Charles
New York State Bar Association, Staff Memorandum, House of Delegates, Agenda Item No. 7, Re: Approval of the Report and Recommendations of the Committee on Attorney Professionalism
GuyLaine Charles
New York State Bar Association, Committee on Professional Ethics, Ethics Opinion 1183, Re: Designated Counsel in Financial Transactions; Payment of Fees by a Third Party; Exercise of Independent Judgment; Conflicts of Interest (March 10, 2020)
GuyLaine Charles
New York State Bar Association, Committee on Professional Ethics, Ethics Opinion 818, Re: Conflicts of Interest; Persons Paying for Representation of Another; Designated Underwriters’ Counsel (November 28, 2007)
GuyLaine Charles

Presentation Material

Financial Product Fundamentals
Duane M. Morikawa
Financial Products Overview: Debt
Conray C. Tseng
Introduction to Capital Structure Elements and Leveraged Finance Covenants
Ellen P. Pesch
Financial Product Fundamentals: Derivatives
Ellen P. Pesch
Handout: Latham & Watkins LLP, The Book of Jargon
Conray C. Tseng
Handout: Paul Weiss, Introduction to Capital Structure Elements and Leveraged Finance Covenants (January 2023)
Lawrence G. Wee
Handout: Alan Grinceri, Michael Hyatte, and Sara von Althann, Ch 17: United States from The International Capital Markets Review, 12th Edition (October 2022). Reprinted with permission.
Ellen P. Pesch
HANDOUT: Capital Structure of Healthy Company Immediately After LBO
Lawrence G. Wee
History, Uses and Economics of Derivatives
Rick Grove
Derivatives: Regulatory Framework and OTC Documentation
Ian Cuillerier
Swap Enforcement Actions
Elizabeth Davis
OTC Derivaties Disputes
Rick Grove
Handout: Charles Law PLLC, Hedging Disruptions in Equity Derivatives (January 13, 2023)
GuyLaine Charles
Handout: Charles Law PLLC, Master Confirmation Agreements for Equity Derivatives (October 5, 2021)
GuyLaine Charles
Understanding Financial Products Through the ESG Lens: Environmental, Social and Corporate Governance
Yves Denizé, Pamela L. Marcogliese, John M. Mbiti
Introduction to Cryptocurrency and Financial Products
Jon-Jorge Aras, Garynn (Noel) McPhee, Joshua Riezman, Damien Scott
Blockchain and ESG
Tatyana L. Kleyman, Yev Muchnik, Tiffany J. Smith, Amira Valliani
Handout: Blockchain and ESG Outline
Tatyana L. Kleyman, Yev Muchnik, Tiffany J. Smith, Amira Valliani
Securitized Products
Tamika P. Bent, Tara E. Castillo, Jamie Kocis, Anthony R.G. Nolan
Handout: Tara E. Castillo, and Mark W. Harris, Ch. 12: Auto Loan Securitiization from Securitizations: Legal and Regulatory Issues. Reprinted with permission.
Tara E. Castillo
Mutual Funds, Exchange-Traded Funds, and Closed-End Funds
Vadim Avdeychik, Jennifer S. Choi, Joseph A. Heyison, Kristin A. Snyder
Handout: Investment Company Institute, 2021 Investment Company Fact Book. Reprinted with permission.
Jennifer S. Choi
Handout: Investment Company Institute, 2021 Investment Company Fact Book Appendix A. Reprinted with permission
Jennifer S. Choi
Understanding Financial Products, Hedge Funds and Other Private Funds
David Lourie, Vivek Nayar, Erin C. Ross, Allison C.. Yacker
Capital Markets Products
Anne E. Beaumont, Anne-Karine Dabo, Duncan Murdoch, Anna T. Pinedo
Understanding Ethical Challenges When Working with Financial Products
Sabeena Ahmed Liconte, Noelle H. Sproul, Ellen M. Wheeler
Handout: Ellen Wheeler, Ethical Issues Relating to Securities Lawyers - A Year in Review (December 2, 2022)
Ellen M. Wheeler

What You Will Learn

After completing this program, participants will be able to:

Gain insights on financial products and their structures
Become familiar with the basic economics of derivatives
Understand distributed ledgers, cryptocurrencies, and tokens.
Analyze Dodd-Frank and the impact of CFTC regulation of commodity pools and advisers.
Identify the common issues that trigger legal ethics rules when working with financial products.

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Understanding Financial Products 2023

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Credit Details