Resources

Lorna is a frequent author and speaker on legal and compliance matters affecting the investment management industry, appearing at conferences, seminars, workshops, webinars and in publications of industry-wide circulation.

Links are provided to some of her articles and handouts as an educational resource.

ADVISER ADVERTISING
  • “’Bad Ad’ Case Study and Adviser Advertising Procedures,” co-presenter and panelist at National Society of Compliance Professionals (NSCP) Southern Regional Meeting/Labs (April 2014). Article previously published in Practical Compliance & Risk Management for the Securities Industry (July-August 2012). [View/Download]
  • “Adviser Advertising: Avoiding the Pitfalls,” IA Week Fall Compliance Conference, speaker/panelist presenting "Bad Ad Case Study" (10/07; updated 8/10).
 
BEST EXECUTION
  • “Best Execution: Legal and Practical Considerations for Investment Advisers and Funds,” CLEonline.com presentation and paper (6/05; updated 7/13). [View/Download]
  • “Best Execution: Questions and Answers,” Compliance Corner article in the Investment Adviser Association (IAA) newsletter (2/07). [View/Download]
 
BUSINESS CONTINUITY PLANNING
  • “Business Continuity Planning for Investment Advisers” and “Disclosure and Form ADV Proposal,” speaker/presenter at Investment Adviser Association (IAA) Regional Compliance Workshop (11/08; updated 9/13). [View/Download] 
 
CHIEF COMPLIANCE OFFICERS
  • “Compliance Roundtables: Have You Joined One Yet?” co-author of article in Practical Compliance & Risk Management for the Securities Industry (July-August 2013) and NSCP Currents (May-June 2013). [View/Download] 
  • “The Evolving Role of the CCO and What It Means,” co-author of article in NSCP Currents (May/June 2010 issue). [View/Download] 
  • “Staying Ahead of the Curve: The Changing Role of the CCO,” NRS 24th Annual Fall Compliance Conference (11/09).
  • “CCO Relationships with Fund Boards,” Mutual Fund CCO seminar, U.S. Bancorp Fund Services roundtable panelist (9/08).
  • Mutual Fund CCO seminar, U.S. Bancorp Fund Services roundtable panelist (10/05).
 
COMPLIANCE PROGRAMS, TESTING & ANNUAL REVIEWS
  • “Risk Management, including Compliance Reviews and Testing,” speaker/presenter at Investment Adviser Association (IAA) Regional Compliance Workshop (11/09; updated 7/13). [View/Download]
  • “Adviser and Fund Compliance Programs, Building a Sound and Effective Program,” CLEonline.com presentation and paper (6/07; updated 7/13). [View/Download] 
  • “CCO Workshops -- Small Firms, Practical Solutions to Common Compliance Challenges,” workshop moderator and panelist at the IAA Investment Adviser Compliance Conference, Best Practices in a Changing Regulatory Environment (3/12). [View/Download] 
  • “Compliance Program Rules and Strategies for Managing Investment Adviser Annual Reviews,” webinar instructor/panelist for the IACCP Certified Compliance Professional course of study sponsored by NRS and IAA (11/11).
  • “Investment Adviser/Hedge Fund Track – Outline: Testing and Risk Assessment,” co-presenter and panelist at National Society of Compliance Professionals (NSCP) Southern Regional Meeting/Labs (4/11). [View/Download] 
  • “Compliance Take-Aways: What to Do About Irrational Dishonesty,” Practical Compliance & Risk Management for the Securities Industry (Jan-Feb 2011). [View/Download] 
  • "Focus On: Adviser Compliance Testing,” Practical Compliance & Risk Management for the Securities Industry (March-April 2010). [View/Download] 
  • “4-Step Risk Assessment with Sample Risk Assessment Matrix,” Investment Adviser Association/ACA Insight 2010 Investment Adviser Compliance Forum (2/10). [View/Download] 
  • "Annual Compliance Program Reviews” and “Advertising,” Investment Adviser Association (IAA) Regional Compliance Workshop (10/07).
  • “Compliance Program Rules,” NRS Center for Compliance Professionals, webinar instructor/panelist for the Certified Compliance Professional course of study (7/07).
  • “Investment Adviser Compliance Training,” NSCP Currents (May/June 2007 issue). [View/Download] 
  • “The Basics: Reviewing an Adviser’s Compliance Program,” Investment Adviser Association/IA Week Compliance Best Practices Summit, speaker/panelist (2/06).
  • “The Annual Compliance Review,” IA Week audio conference presentation (11/05).
  • “Strategies for Risk Assessment, Monitoring and Testing, Annual Compliance Review and Compliance Calendaring,” and “Adviser Advertising: Bad Ad Case Study,” Investment Adviser Association Compliance Workshop, speaker/panelist (11/05).
  • “Annual Reviews of Investment Adviser Compliance Programs,” presentation at Investment Adviser Association (IAA) Regional Compliance Workshop (5/05).
  • “Compliance Mistakes for Advisers and Funds to Avoid,” CLEonline.com presentation and paper (1/05). [View/Download]
  • “Consulting in a Compliance Rich Environment,” speech at Investment Management Consultants Association (IMCA) conference (12/04).
  • “The New and Improved Compliance Environment,” ICAA newsletter and website publication (4/04).
 
CUSTODY
  • “Adviser Custody Revisited,” Regulatory Monitor column in The Investment Lawyer (6/13). [View/Download] 
  • “Practical Application of the Adviser Custody Rule and How to Report Custody on Form ADV,” The Investment Lawyer (12/10). [View/Download] 
 
FIDUCIARY DUTY
  • “An Investment Adviser’s Fiduciary Duty,” chapter for the PLI Treatise Investment Adviser Regulation: A Step-by-Step Guide to Compliance and the Law, 3rd Edition (October 2016). [View/Download] 
  • “An Investment Adviser’s Fiduciary Duty,” CLEonline.com presentation and paper (8/10; updated 9/13). [View/Download] 
 
FORM ADV
  • "Why You 'May' Be Headed for SEC Enforcement," ThinkAdvisor article (October 6, 2016).
  • “New Form ADV Part 2: Post-Filing Post-Mortem and More Fun with Part 1,” manuscript of article published in industry journal (10/11). [View/Download]
  • “New Form ADV Part 2: 10 Tips for Coping with the 2010 Amendments,” speaker/presenter at Investment Adviser Association (IAA) Regional Compliance Workshop (10/10). [View/Download] 
  • Form ADV Part 2 tables comparing old requirements with new requirements, Practical Compliance & Risk Management for the Securities Industry (Sept-Oct 2010). [View/Download] 
  • “Regulatory Aspects of the Form ADV Part 2 Proposal,” IA Week/IA Watch Fall Compliance Conference (9/08).
 
FUND BOARDS
  • “Special Considerations for Directors of Small Funds,” speaker/presenter at Mutual Fund Directors Forum webinar (6/10).
  • “Board Self-Assessment: Legal and Practical Considerations,” CLEonline.com presentation and paper (8/04). [View/Download] 
  • “CCO Relationships with Fund Boards,” Mutual Fund CCO seminar, U.S. Bancorp Fund Services roundtable panelist (9/08).
 
SOFT DOLLARS
  • “Soft Dollars: Legal Issues and Best Practices for Investment Advisers,” CLEonline.com presentation and paper (4/07). [View/Download] 
 
SUPERVISION
  • “Can an Adviser be Liable for the Wrongdoing of Another Adviser?” Compliance Corner article in the Investment Adviser Association (IAA) newsletter (4/09). [View/Download]
  • “Another Look at an Adviser’s Duty to Supervise Sub-Advisers (and Other Advisers),” CLEonline.com presentation and paper (3/09). [View/Download] 
  • “SMAs and Adviser/Sub-Adviser Relationship Issues” and “Annual Compliance Reviews,” Investment Adviser Association (IAA) Compliance Workshop, speaker/panelist (10/06). [View/Download] 
  • “An Investment Adviser’s Duty to Supervise its Sub-Advisers,” CLEonline.com presentation and paper (11/05).
  • “Supervision of Sub-Advisers,” The Investment Lawyer (12/03 and 1/04).
 
OTHER TOPICS
  • “Toeing the Line: Compliance with Exemptive Orders and Other Authorities,” Compliance Corner article in the IAA Investment Adviser Association Newsletter (11/13). [View/Download] 
  • “Hot Topics in Adviser Regulation,” slide presentation made at the NASAA IA Training (8/13) and online with CLEonline.com (4/14). [View/Download] 
  • “List of Resources to Help Advisers Keep Up-to-Date,” published in the Tools section of the Wolters Kluwer Compliance Resources Network and in NSCP Currents (10/13). [View/Download] 
  • “Insider Trading: The Basics Every Compliance Professional Ought to Know,” Practical Compliance & Risk Management for the Securities Industry (May-June 2013). [View/Download] 
  • “Running the Traps: Federal vs. State Registration of Investment Advisers and IA Representatives,” CLEonline.com presentation and paper (1/05; updated 5/12). [View/Download] 
  • “SEC Exams,” IA Watch/IA Week webinar, speaker/presenter (8/08).
  • “Investment Adviser and Mutual Fund Websites: A Checklist of Legal Issues,” CLEonline.com presentation and checklist (8/03; updated 8/07). [View/Download] 
  • “Guidelines for Fund Websites,” The Investment Lawyer (10/02).