The most difficult compliance issues currently facing the hedge fund industry were front and center at the Eighth Annual Hedge Fund General Counsel and Compliance Officer Summit, hosted by Corporate Counsel and ALM.  This article, the second in a four-part series covering the Summit, contains insight on CFTC compliance, conflicting regulatory regimes in compliance programs, and the regulatory and operational considerations of marketing from Amanda Olear, associate director of the Division of Swap Dealer Intermediary Oversight at the CFTC; Patricia Cushing, director of compliance at the National Futures Association; Myles Edwards, general counsel and CCO at Constellation Wealth Advisors; Mark Schein, CCO and managing director at York Capital Management; Jeanette Turner, managing director and general counsel at Advise Technologies; Jennifer Duggins, senior vice president and CCO at Chilton Investment Company; Edward Dartley, of counsel at Pepper Hamilton; Marc Baum, general counsel and chief administrative officer at Serengeti Asset Management; and Simon Raykher, general counsel at Kepos Capital LP.  The first article in the series covered regulatory priorities, handling regulatory examinations and cybersecurity preparedness.  The third and fourth installments in the series will cover: proposed changes to Form 13F and Schedule 13D; employment-related disputes with highly compensated employees; insider trading; negotiating terms with institutional investors; negotiating seeding arrangements; and the convergence of mutual funds and hedge funds.  The HFLR has covered this annual event in each of the five prior years.  For our previous coverage, see: 2013 Part 3; 2013 Part 2; 2013 Part 1; 2012 Part 2; 2012 Part 1; 2011; 2010; and 2009.