Statement by SEC Chairman
Regarding the CCOutreach National Seminar
Chairman Christopher Cox
U.S. Securities and Exchange Commission
November 2, 2005
The CCOutreach National Seminar is a marvelous opportunity for the SEC to show our support for the important work that chief compliance officers perform on behalf of mutual fund investors and advisory clients. The National Seminar will be an unprecedented gathering of both CCOs and SEC staff. It will be a chance for us to discuss the compliance issues CCOs face on a daily basis. Each of the Seminar’s panels will feature senior-level SEC staff, as well as CCOs from both large and small firms. It is my hope that the Seminar’s panels will stimulate a thoughtful dialogue. We will all benefit from a healthy exchange of ideas, and I hope the discussions will reinforce CCOs’ strong commitment to serve investors.
The SEC’s desire to host this Seminar underscores the respect and admiration we have for the critical compliance functions that CCOs perform. CCOs are the cornerstone of the investment management compliance framework. America’s investors need the passion, expertise, and determination that CCOs bring to their jobs. As regulators, our job and the goal of the National Seminar is to help CCOs to succeed.