SOURCE: MarketCounsel

FiComm Partners

November 03, 2014 12:00 ET

Mark Cuban and Christopher Cox to Openly Debate the Future of the SEC at the MarketCounsel Summit; CNBC's Melissa Lee to Moderate

ENGLEWOOD, NJ--(Marketwired - November 03, 2014) -

  • Famed entrepreneur Mark Cuban and former SEC Chairman, Christopher Cox will take the stage together, imparting lessons learned through their own experiences and perspectives with the SEC.
  • CNBC anchor Melissa Lee, host of "Fast Money", will moderate the discussion.
  • Final round of investment advisor industry faculty and sessions also announced.

MarketCounsel (, the leading business and regulatory compliance consultancy for independent investment advisers and those considering independence, confirmed rumors and speculation about the main event of its annual MarketCounsel Summit today, announcing that Mark Cuban and Christopher Cox will be paired up on stage in a debate style format on Tuesday, Dec. 9th in Las Vegas. The matchup will be moderated by veteran CNBC anchor and journalist Melissa Lee, host of "Fast Money". 

The MarketCounsel Summit (The "Summit") has, over its 7 years, become the most significant gathering of the country's preeminent independent investment advisers, their trusted service providers, and financial industry press. This year, over 500 of the industry's leaders will convene at the Four Seasons Hotel Las Vegas to be part of this seminal event in the fastest growing sector in financial services. The event's focus is assessing the diverse and expanding array of options within the scope of independence in the securities industry, all through the lens of an entrepreneur navigating a highly-charged regulatory environment.

This year's headline event will feature a heavyweight face-to-face between two men who have an interesting history with one another - Mark Cuban, once the target of a highly-publicized SEC investigation and charges of insider trading, and Christopher Cox, the man at the helm of the SEC when the enforcement action was brought to bear. In an open debate in front of a room of independent advisers who, themselves are regulated by the SEC, Cuban and Cox will candidly discuss ideas about what the SEC can do to "get its house in order" - albeit from two very different perspectives.

Mr. Cuban found himself as the target of an SEC insider trading investigation, but after reportedly spending $12 million in the face of a $2 million settlement offer by the SEC, defeated the SEC both initially and on appeal. Cuban emerged victorious, resolved to influence reform of the country's top regulator. Mr. Cuban is an outspoken advocate for entrepreneurs, critic of the SEC, and promises to lend a fresh perspective to an audience comprised of the nation's top entrepreneurial advisors.

Christopher Cox is a former Chairman of the U.S. Securities and Exchange Commission, a 17-year Republican member of the U.S. House of Representatives, and member of the White House staff in the Reagan Administration. Prior to his Washington service he was a practicing attorney, teacher, and entrepreneur. During his tenure at the SEC, Cox was aggressive about improving disclosures. This led to the SEC's initiative to improve executive compensation rules and disclosures, as well as the major overhaul to Form ADV that required plain English disclosures which was proposed under his watch in 2008. 

Cox's chairmanship also spanned through the beginning of the 2008 financial crisis. Cox was at the helm during one of the most turbulent times in the country's financial history, which included the subprime mortgage crisis, the collapse of Bear Stearns and Lehman Brothers, and the Ponzi-scheme confession of Bernie Madoff.

The dialogue will be channeled by Melissa Lee, host of CNBC's "Fast Money" (M-Th, 5PM-6PM ET; F, 5PM-5:30PM ET), which is broadcast from the Nasdaq's MarketSite studio in New York's Times Square. Lee has also reported one-hour documentaries for the network. The recipient of awards and Emmy nominations, Lee graduated with honors from Harvard College and served as Assistant Managing Editor of the Harvard Crimson.

"The Summit is honored to host an open and honest conversation between two men who have unique perspectives on what's not working at the SEC," said Brian Hamburger, MarketCounsel's founder, president and CEO. "And having a journalist of Melissa's caliber to manage the flow adds an exciting dimension. We are thrilled to bring this candid conversation to our audience and, perhaps, some actionable takeaways will emerge for the SEC." 

In addition to the debate among Cuban and Cox, additional industry faculty and sessions have been announced. Addepar's CEO, Eric Poirier ducks out of Silicon Valley to join fellow futurists in a session addressing the current technology disruption. Mindy Diamond, CEO of Diamond Consultants, has been tapped to interview Sallie Krawcheck about the sleeping dragon that is the wirehouses. And Megan Carpenter, managing partner of FiComm Partners, joins to moderate a panel comprised of editors from leading media outlets.

Completing its curriculum, MarketCounsel announces a final session on getting deals done, the Hamburger Law Firm's Corey Kupfer will sit down with co-founder and managing director of Focus Financial Partners, Lenny Chang; managing partner of Silver Lane Advisors, Liz Nezvold; and managing partner of Echelon Partners, Dan Seivert, to discuss the levers available and mindset required to bring deals to fruition. Whether it's inorganic growth, implementation of a succession, a business combination, or an outright purchase or sale, they all present challenges that these panelists have overcome.

"When you have this much entrepreneurial firepower in one place, it's not hard to imagine that something very powerful and inspiring will happen," concluded Hamburger. 

More details about The MarketCounsel Summit including agenda details, attendee registration, sponsorship opportunities, and speaker nominations are available at Registration is limited and the event is, once again, expected to be at capacity. Those planning on attending are encouraged to secure registration immediately. 

For media inquiries or to obtain press credentials, please contact Jason Lahita at (310)575-2509 or

About MarketCounsel

MarketCounsel is the leading business and regulatory consultancy to some of the country's preeminent independent investment advisers throughout their lifecycle. From its roots in 2000, MarketCounsel has been steadfast in its mission to deliver solutions to the challenges faced by entrepreneurs in a fast growing industry and has emerged as one of its most effective advocates.

From the initial launch of an investment adviser to its outsourced compliance platform to its business growth and succession strategies, MarketCounsel consistently delivers extraordinary service and trusted counsel by leveraging advanced technology and sound business processes. The MarketCounsel Summit is the annual gathering for the country's top independent investment advisers and serves as both spark and catalyst for conversation among industry leaders.

Offering 360° of RIA knowledge, advice and guidance, MarketCounsel is the most trusted partner throughout the lifecycle of an independent adviser and works with these business owners at all stages. MarketCounsel provides true end-to-end business solutions for advisors, from start-up through exit. Visit for more information.

About The MarketCounsel Foundation
The MarketCounsel Foundation supports the independent investment adviser movement through research, advocacy, and awareness; a direct supporter of innovative financial education; and leading an effort to provide support, mentoring, and placement to would-be entrepreneurs. Visit for more information.

About The MarketCounsel Summit

Investment advisers face an evolving landscape of challenges in protecting their practice while in pursuit of the limitless opportunities in growing their business. The Summit is designed by a team that admittedly rebuts the usual lecture-based, "talk at you" conferences. Instead, the Summit's objective is to create an incomparable forum for advisers to engage and interact among industry leaders to develop a sound strategy for addressing challenges while forming actionable plans for taking advantage of opportunities.

Already hailed by the financial press historically as one of the few "elite conferences" in the industry, the Summit features general sessions and interactive workshops that run morning 'til night, over three days in the desert. The agenda is stacked with well-orchestrated extracurricular events that provide for unmatched opportunities to 'continue the conversation' among advisors, speakers and the industry's top service providers, including a can't-miss opening reception and a live auction to benefit the MarketCounsel Foundation. Visit for more information.

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