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COMPLIANCE, TAX, & BANKING: April 7, 2020 @ 11 am Eastern

Webinar Logo Final (4-7-20)(JH)

Join us for a discussion on recent developments and questions surrounding compliance, tax, and filing updates for investment management firms and investors. Additionally, we will address the SEC's recent order for conditional regulatory relief and assistance, as well as questions involving the impact banking institutions may see from the coronavirus pandemic.

Capital Fund Law Group's Senior Partner, Christopher Rogers, Esq., is pleased to be joined by select industry professionals, including Brian Fogel, with Axos Bank, Karen Kerby, with Prager Metis, and Steven Graham, with Constellation Advisers. Please see below for full speaker bios. 

**All webcasts will be free of charge for attendees and all speaker participants are volunteering their attendance and expertise, with the mission of providing relevant and timely information to managers and investors during these unprecedented times. 


Zoom Registration

Karen Kerby | Audit Partner | Prager Metis

Karen H. Kerby is a Partner in the Audit department of Prager Metis CPAs, a member of Prager Metis International Group. She is also the Financial Services Practice Leader and has been in the financial services industry for over 35 years, including 25 spent in public accounting.

Karen specializes in conducting audits of investment partnerships (including hedge funds, fund of funds, and private equity funds), and providing consulting and accounting services for fund managers. She is also experienced in providing accounting services to broker-dealers, Registered Investment Advisors and various nonprofit organizations.

Prior to working in public accounting, Karen worked as an industry “insider” through positions at a major broker-dealer company and a notable commodity trading firm. This experience allows her to understand how her clients’ operations are structured, how the work flows, and what challenges and opportunities exist for them.

Ms. Kerby graduated with a BSBA from Bucknell University and is proudly a native of Ohio. Karen is involved in many professional organizations in New York, such as the NYSSCPA, 100 Women in Finance and the Hedge Fund Association. She is also on the Board of Directors of Platinum Minds, a nonprofit organization providing leadership and education skills to urban boys and is active in the Walk to End Alzheimer’s.

Steven Graham, Esq. | Partner, Regulatory & Compliance | Constellation Advisers

Steven Graham leads Constellation’s Southern Regulatory and Compliance Practice. He oversees the development, implementation and ongoing maintenance of clients’ compliance programs, including ongoing execution, conducting annual reviews, mock examinations, and providing advisory services to Constellation’s client base. Steve has over 25 years of legal, regulatory and compliance experience covering registered investment advisers, hedge funds, private equity firms, broker-dealers, and venture capital funds.

Before joining Constellation, he served as Senior Regional Counsel at FINRA for 5 years, where he lead the investigation and prosecution of high profile matters relating to broker-dealer violations. Prior to that, Steve was a Senior Enforcement Attorney at the US Securities and Exchange Commission (“SEC”) for nearly 12 years, focusing on various securities law violations within the investment management and securities industry. He began his career serving as a litigator in private practice. Steve earned his Juris Doctor from the Dedman School of Law at Southern Methodist University and is a licensed attorney admitted in the State of Texas.

Christopher Rogers, Esq. | Senior Partner | Capital Fund Law Group

Christopher Rogers practices in the areas of investment fund formation, securities law, corporate law and taxation, Christopher advises clients on the structuring, formation, and compliance of hedge funds, private equity funds, real estate funds and other alternative investment vehicles.

Christopher has extensive experience counseling operating companies in raising debt and equity capital through Regulation D private placement offerings in a variety of industries, including real estate, mining, lending, oil and gas, healthcare, manufacturing, automotive and others.

Christopher received his J.D. cum laude, from Roger Williams University School of Law, where he served as the Chief Executive Officer of the Tax and Business Law Society.

After law school, Christopher received an LL.M. in Taxation from Boston University. In addition to his law degrees, Christopher holds an MBA and Masters of Professional Accountancy from Weber State University. Christopher is a member of the Rhode Island State Bar, the Massachusetts State Bar, the Utah State Bar, and is admitted to practice before the U.S. Tax Court.

Brian Fogel | Senior Vice President | Axos Bank 

Brian has over 27 years of experience in the Financial Services industry. He has worked at two family offices launching hedge fund strategies and managing those assets as a portfolio manager and trader. He has experience at global wealth management firms creating personalized investment strategies and trust & estate planning solutions for HNW & UHNW families. Brian developed alternative investment banking platforms at boutique banks catering to hedge funds, private equity funds and venture capital funds. Brian’s experience working inside family offices and hedge funds gives him a unique vantage point to support his clients with all of their banking needs.

Brian enjoys working with his clients during every part of their business cycle from pre-launch to launch as well as seasoned managers and family offices. Outside of Axos Brian cherishes his time coaching his children’s sports teams and playing golf with friends and clients.



Navigating the Unexpected: a Webcast for Fund Managers & Investors 

Zoom Webcast Recording (compressed)
Capital Fund Law Group was pleased to welcome select industry providers that joined our discussion, including Paul Grassi, SVP at Alliant Fund Insurance, Nancy Vailakis, Director at IQ-EQ, Arthur Bavelas, Founder of Family Office Insights, and Oliver Bell, Partner at Walkers.
Our audio webcast addressed questions presented by fund managers and investors, where our panel of speakers shared their thoughts on the impact of the current climate on the financial sector. Specifically, we highlight important topics such as investor communications, capital raising, legal compliance, and potential risks and exposures to managers from the perspective of fund insurance. We seek to provide managers and investors with guidance on better practices to avoid internal confusion during unforeseen circumstances and proactive steps managers can take to strengthen their internal and investor relationships. 

Guest Speakers



Oliver Bell | Partner | Walkers, Cayman Islands

Oliver Bell joined Walkers' Cayman Islands office in 2018 and is a partner in the Global Investment Funds Group. Oliver advises on all aspects of investment funds law, including pre-formation strategy, organisational structure, regulatory compliance, document preparation and transactional activities for private equity funds and hedge funds. Oliver has significant experience in advising on the establishment of digital asset (cryptocurrency) funds and the structuring of blockchain projects (principally, initial coin offerings or ICOs).
Prior to joining Walkers, Oliver was a partner in the Investment Funds and Regulatory Team of another large offshore law firm in both the British Virgin Islands and the Cayman Islands. Prior to moving offshore, Oliver worked in the Corporate Department of Olswang LLP (now CMS Cameron McKenna Nabarro Olswang LLP).


Grassi Photo


In his role as Senior Vice President, Paul is the primary relationship manager for clients in the financial institutions space, leading a team with a focus on Hedge Funds, Private Equity (and their portfolios), Alternative Asset Managers, Broker Dealers and small Commercial Banks.

Paul has been a producer in the insurance industry since 1999 and joined Alliant in November, 2017. Prior to joining Alliant, Paul served as a Senior Vice President / Sales Executive Manager for Wells Fargo Insurance Services responsible for production goals and managing a team of P&C and EB producers. Paul was awarded “Winners Circle” honors, Wells Fargo’s highest producer recognition, in multiple years.

Prior to becoming a producer, Paul was a practicing CPA with a focus on management and capital raising for middle market industries including retail, distribution and technology.

Paul earned a BS/Accounting from St. John’s University and an MBA/Finance from the University of South Florida. He is a licensed CPA (non-practicing) in the State of New Jersey.
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Nancy Vailakis has over 16 years of alternative asset management industry experience as a business development, marketing and investor relations professional, and over 19 years of experience in financial services. She is currently a Business Development Director covering the Americas at IQ-EQ, a leading service provider operating across 23 jurisdictions with a fund administration team in New York focused on emerging and middle market private equity, venture capital, real estate, and infrastructure strategies. IQ-EQ has many international and domestic service offerings including, but not limited to, portfolio monitoring, AIFM (management company) structures out of Luxembourg and Compliance outsourcing.
Prior to her tenure at IQ-EQ, Nancy was Vice President of Investor Relations at Cerberus Capital Management where she covered the co-mingled institutional funds and fundraises with senior partners at the firm. Ms. Vailakis previously worked in a similar capacity at credit firm, BlueMountain Capital Management.
Ms. Vailakis earned her MBA from the New York University Stern School of Business and her BA in English Literature from Binghamton University. Nancy continues to serve the Stern community as an Alumni Advisory Board Member of the Stern Private Equity Club.
Nancy is engaged with many non-profit and professional organizations in New York, including High Water Women, Sponsors for Educational Opportunity (SEO), 100 Women in Finance, New York Cares and Binghamton Women in Business. Ms. Vailakis is a regular speaker on industry topics.


Founder of BavelasGroup Family Office, Family Office Insights, Arthur’s Round Table Series, Family Office Funding Challenge , Global Business Network  & The Family Office Impact Summit.
As a globally recognized entrepreneur, author, and family office investor. Arthur Bavelas is a pioneer in developing one of the first private opportunity review networks, Family Office Insights, for investors within the family office community.
Fostering a collaborative method of evaluation and delivering a more efficient potential investment pipeline, Family Office Insights initiates timely peer-to-peer review of limited access investment opportunities.
Driven by dissatisfaction at lack of choices for private capital allocation, he founded Family Office Insights in 1998 to provide meaningful access and engagement opportunities for active, socially conscious entrepreneurs and wealth managers.
Mr. Bavelas draws upon his own experience founding, building and exiting a successful technology startup to evaluate current opportunities that often feature innovative intellectual property, bridge customer/market access, or solve some of the world’s most daunting challenges.
As a founder of The Family Office Impact Summit and other impact efforts, Mr. Bavelas seeks to raise awareness and provide open access to technologies and innovation to effect societal and environmental change.
He frequently speaks about wealth preservation, the new economy, entrepreneurship and legacy investing. His has co-authored several books and has been published in The Wall Street Journal, Bloomberg, and many others.
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Mr. Lore advises emerging fund managers throughout the United States, Europe, and the Middle-East in forming and operating real estate funds, hedge funds, private equity funds, and other alternative funds using varied strategies; including equity, fixed income, distressed debt, and sector funds. Additionally, Mr. Lore advises real estate funds during the soft-commitment pre-capital raising stage.
Mr. Lore has advised hundreds of investment fund managers and real estate fund sponsors on all aspects of their business, from capital raising and fund formation to implementation of their business models. His representation of a broad range of managers allows him to keep abreast of emerging trends, regulations, and key business issues in the capital-raising process.
Mr. Lore is a frequent speaker at investment management events in the U.S. and Europe, and some of the world's leading universities. Mr. Lore is regularly called on to provide insights on emerging hedge fund and private equity legal topics to institutional investors and is quoted in more than 100 media articles in over a dozen countries.
Before founding Capital Fund Law Group, Mr. Lore practiced corporate and securities law at reputable law firms, including the private securities department of Akin Gump Strauss Hauer & Feld in the New York City and Moscow offices.