Enactment of the Dodd-Frank regulatory reform law will bring potentially seismic changes to the legal and regulatory framework governing the financial services industry.  Much of the debate now turns from Capitol Hill to the SEC where decisions will be made on issues ranging from the "harmonization" of broker-dealer and investment adviser regulation to whether FINRA should extend its oversight to the investment advisory profession. In addition, all investment advisers will have to comply with the SEC's new regulations overhauling Form ADV Part 2 early in 2011.  David Tittsworth, Executive Director of the Investment Adviser Association in Washington, DC, will provide an insider's view of the regulatory reform debate and what it will mean for investment management firms.

Presented by:

David G. Tittsworth

Executive Director/Executive Vice President

Investment Adviser Association

David Tittsworth is a native of the State of Kansas.  He received his B.A. degree from the University of Kansas in 1975 and his law degree from the University of Kansas School of Law in 1978. 

Mr. Tittsworth served a significant portion of his professional career in the public sector, where he held positions in all three branches of government.  He began his legal career as a research attorney for the Kansas Court of Appeals in 1978.  Thereafter, he held various positions in state government, including his appointment as Chief Counsel of the Department of Transportation in 1983, where he supervised a staff of attorneys and advised the Department and Governor on a wide range of issues.  In 1985, David joined the bond counsel firm of Gilmore & Bell in Kansas City, where he advised state and municipal officials on various financing issues. 

Upon moving to Washington, D.C. in 1987, Mr. Tittsworth first served as Associate Staff on the House Budget Committee.  He accepted a position as Senior Counsel to the House Subcommittee on Transportation, Trade, and Hazardous Materials in 1989.  In 1991, he left Capitol Hill to become General Counsel and a partner with a government relations firm (now Chambers, Conlon & Hartwell), where he represented the Investment Adviser Association and other clients.  In 1992, he returned to Capitol Hill to serve as Counsel of the House Committee on Energy and Commerce, a position he held until joining the IAA as Executive Director and Executive Vice President in October 1996.     

Today he manages all of the Association's activities, including its involvement in a wide variety of legislative, regulatory, compliance, educational, and business issues that affect the investment advisory profession.