39th annual northwest securities institute: new adventures ... 39th annual northwest securities...

Download 39th Annual Northwest Securities Institute: New Adventures ... 39th Annual Northwest Securities Institute:

Post on 11-Mar-2020

0 views

Category:

Documents

0 download

Embed Size (px)

TRANSCRIPT

  • Cosponsored by the Oregon State Bar Securities Regulation Section and the Washington State Bar Business Law Section, in cooperation with WSBA CLE

    Friday, May 3, 2019 8:30 a.m.–4:30 p.m.

    Oregon: 5.75 General CLE credits and 1 Ethics (Oregon specific) credit Washington: 5.25 Law & Legal credits and 1 Ethics credit

    39th Annual Northwest Securities Institute: New Adventures in Securities Law

  • ii39th Annual Northwest Securities Institute: New Adventures in Securities Law

    39TH ANNUAL NORTHWEST SECURITIES INSTITUTE: NEW ADVENTURES IN SECURITIES LAW

    INSTITUTE PLANNERS

    Judith Anderson, Securities and Exchange Commission, San Francisco, CA Daniel Keppler, Garvey Schubert Barer, Portland, OR

    Joseph Skocilich, Foundry Law Group PLLC, Seattle, WA Daniel Steiner, Norton Rose Fulbright Canada LLP, Vancouver, BC

    OREGON STATE BAR SECURITIES REGULATION SECTION

    EXECUTIVE COMMITTEE

    Caroline Smith, Chair Daniel L. Keppler, Chair-Elect

    Bernard John Casey, Past Chair Jarell Hunt, Treasurer

    Christopher J. Kayser, Secretary Joe Bailey

    Nancy A. Chafin Ian M. Christy

    Timothy B. Crippen Brad S. Daniels

    Darius L. Hartwell Austin T. Highberger Keith A. Ketterling Marco Materazzi

    Darlene D. Pasieczny Lisa D. Poplawski Andrea Schmidt

    WASHINGTON STATE BAR ASSOCIATION BUSINESS LAW SECTION EXECUTIVE COMMITTEE

    David Eckberg, Chair Jason Cruz, Chair-Elect

    Christopher Greene, Secretary Diane Lourdes Dick, Treasurer

    Andrew Steen, Immediate Past Chair Steven Reilly

    James Wriston

    The materials and forms in this manual are published by the Oregon State Bar exclusively for the use of attorneys. Neither the Oregon State Bar nor the contributors make either express or implied warranties in regard to the use of the materials and/or forms. Each attorney must depend on his or her own knowledge of the law and expertise in the use or modification of these materials.

    Copyright © 2019 OREGON STATE BAR

    16037 SW Upper Boones Ferry Road P.O. Box 231935

    Tigard, OR 97281-1935

  • iii39th Annual Northwest Securities Institute: New Adventures in Securities Law

    TABLE OF CONTENTS

    Schedule. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . v

    Faculty . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . vii

    1A. Compendium of Rulemaking and Public Statements (2018–2019) . . . . . . . . . . . 1A–i — Tamara Brightwell, Deputy Chief Counsel, Division of Corporation Finance, Securities

    and Exchange Commission, Washington, DC

    1B. SEC Enforcement Update Materials . . . . . . . . . . . . . . . . . . . . . . . . . . . 1B–i — Erin Schneider, Associate Regional Director, Enforcement, Securities and Exchange

    Commission, San Francisco, California

    2A. Oregon Division of Financial Regulation . . . . . . . . . . . . . . . . . . . . . . . . 2A–i — Dorothy Bean, Chief of Enforcement, Oregon Division of Financial Regulation,

    Salem, Oregon

    2B. Washington Securities Developments . . . . . . . . . . . . . . . . . . . . . . . . . . 2B–i — William Beatty, Washington Department of Financial Institutions, Olympia,

    Washington

    2C. Presentation Slides: Alaska Securities Update . . . . . . . . . . . . . . . . . . . . . 2C–i — Leif Haugen, Chief of Enforcement, Alaska Division of Banking and Securities,

    Anchorage, Alaska

    3. Presentation Slides: Mercy Corps’ CIT: Facilitating Community Investment by Offering Shares in the Community to the Community . . . . . . . . . . . . . . . . . . 3–i — Michael Schrader, Orrick Herrington & Sutcliffe LLP, Portland, Oregon — Steven White, Orrick Herrington & Sutcliffe LLP, Portland, Oregon

    4A. Insecurity: The Interplay of Ethics and Liability for Securities Lawyers. . . . . . . . 4A–i — David Elkanich, Holland & Knight, Portland, Oregon

    4B. Lawyer Liability Under State Blue Sky Laws—Especially Under the Oregon Securities Law . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4B–i — Daniel Keppler, Garvey Schubert Barer, Portland, Oregon

    5. Cryptocurrency: ICOs, Enforcement, and Beyond . . . . . . . . . . . . . . . . . . . . 5–i — Moderator: Joseph Skocilich, Foundry Law Group PLLC, Seattle, Washington — Steven Buchholz, Assistant Regional Director, Enforcement, Cyber and Market

    Abuse Units, Securities and Exchange Commission, San Francisco, California — Byron Dailey, Lane Powell PC, Seattle, Washington — John Kim, Norton Rose Fulbright Canada LLP, Vancouver, British Columbia — Marco Materazzi, Emerge Law Group, Portland, Oregon

  • iv39th Annual Northwest Securities Institute: New Adventures in Securities Law

  • v39th Annual Northwest Securities Institute: New Adventures in Securities Law

    SCHEDULE

    7:30 Registration and Continental Breakfast

    8:30 SEC Enforcement and Corporation Finance Updates Moderator: Judith Anderson, Assistant Regional Director, Securities and Exchange Commission, San Francisco, CA Tamara Brightwell, Deputy Chief Counsel, Division of Corporation Finance, Securities and Exchange Commission, Washington, DC Erin Schneider, Associate Regional Director, Enforcement, Securities and Exchange Commission, San Francisco, CA

    10:00 Break

    10:15 State and Provincial Regulatory Updates Moderator: Daniel Keppler, Garvey Schubert Barer, Portland, OR Dorothy Bean, Chief of Enforcement, Oregon Division of Financial Regulation, Salem, OR William Beatty, Washington Department of Financial Institutions, Olympia, WA Alan Conilogue, Deputy Attorney General, State of Idaho, Boise, ID Leif Haugen, Chief of Enforcement, Alaska Division of Banking and Securities, Anchorage, AK

    11:45 Lunch: Mercy Corps’ Community Investment Trust (CIT): Facilitating Community Investment by Offering Shares in the Community to the Community Michael Schrader, Orrick Herrington & Sutcliffe LLP, Portland, OR Steven White, Orrick Herrington & Sutcliffe LLP, Portland, OR

    1:00 Insecurity: The Interplay of Ethics and Liability for Securities Lawyers David Elkanich, Holland & Knight, Portland, OR Daniel Keppler, Garvey Schubert Barer, Portland, OR

    2:00 Cryptocurrency: ICOs, Enforcement, and Beyond Moderator: Joseph Skocilich, Foundry Law Group PLLC, Seattle, WA Steven Buchholz, Assistant Regional Director, Enforcement, Cyber and Market Abuse Units, Securities and Exchange Commission, San Francisco, CA Byron Dailey, Lane Powell PC, Seattle, WA John Kim, Norton Rose Fulbright Canada LLP, Vancouver, BC Marco Materazzi, Emerge Law Group, Portland, OR

    3:15 Break

    3:30 The Cannabis Landscape at Home and Abroad Andrea Brewer, Norton Rose Fulbright Canada LLP, Toronto, ON Linda Fuerst, Norton Rose Fulbright Canada LLP, Toronto, ON Stephanie Gambino, Dorsey & Whitney LLP, Seattle, WA Dave Kopilak, Emerge Law Group, Portland, OR

    4:30 Adjourn

  • vi39th Annual Northwest Securities Institute: New Adventures in Securities Law

  • vii39th Annual Northwest Securities Institute: New Adventures in Securities Law

    FACULTY

    Judith Anderson, Assistant Regional Director, Securities and Exchange Commission, San Francisco, CA. Ms. Anderson is Assistant Regional Director for Investor Services and Special Projects in the SEC’s San Francisco Regional Office, where she supervises review and intake of complaints and investor inquiries and outreach to community groups, regulators, and members of law enforcement and is responsible for other enforcement matters. She is the San Francisco Office’s liaison to the Division of Enforcement’s Retail Strategy Task Force and was a coleader of the division’s Pyramid Scheme Task Force. Prior to joining the SEC staff in 2001, Ms. Anderson was a litigation associate in Los Angeles and San Francisco.

    Dorothy Bean, Chief of Enforcement, Oregon Division of Financial Regulation, Salem, OR. Ms. Bean has been with the Division of Financial Regulation for five years and was promoted to Chief of Enforcement in 2018. She is responsible for supervising the division’s Enforcement unit and overseeing investigations and enforcement actions relating to the division’s varied regulatory programs, including Securities. Prior to joining the division, Ms. Bean was in private practice specializing in complex civil litigation.

    William Beatty, Washington Department of Financial Institutions, Olympia, WA. Mr. Beatty was appointed Securities Administrator of the Washington Securities Division in July 2010. His career at the division began in 1986, and he has served stints as a staff attorney, general counsel, and program manager. He is a member and past president of the North American Securities Administrators Association (NASAA) Board of Directors and has participated on various NASAA project groups, task forces, and committees.

    Andrea Brewer, Norton Rose Fulbright Canada LLP, Toronto, ON. Ms. Brewer is cochair of the firm’s Canadian corporate finance and securities team. Her practice covers all aspects of corporate and commercial law, with a special emphasis on public mergers and acquisitions and securities law, including private placements, public financings, and corporate governance. Ms. Brewer also advises directors, management and shareholders in the context

Recommended

View more >