Compliance Outreach Program – 2014 National Seminar for Investment Adviser and Investment Company Senior Officers Handouts

Handouts

January 30, 2014

Panel I:  Program Priorities

• National Exam Program
  • Press Release: http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370540599051
  • Examination Priorities for 2014:  http://www.sec.gov/about/offices/ocie/national-examination-program-priorities-2014.pdf
• Division of Enforcement
  • Press Release:  http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370540503617
  • Year-By-Year Monetary Sanctions in SEC Enforcement Actions:  http://www.sec.gov/news/newsroom/images/enfstats2.pdf
  • Year-by-Year SEC Enforcement Statistics:  http://www.sec.gov/news/newsroom/images/enfstats.pdf

Panel II:  Private Fund Adviser Topics

• Risk Alert on Investment Advisers' Due Diligence Processes for Selecting Alternative Investments
  • Press Release:  http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370540687024#.UufmQij0B7N
  • NEP Risk Alert:  http://www.sec.gov/about/offices/ocie/adviser-due-diligence-alternative-investments.pdf

Panel IV:  Valuation Issues

• Valuation of Portfolio Securities and other Assets Held by Registered Investment Companies — Select Bibliography of the Division of Investment Management:  http://www.sec.gov/divisions/investment/icvaluation.htm

Panel V:  Chief Compliance Officer Obligations

• SEC Press Release 2013-226 - SEC Sanctions Three Firms Under Compliance Program Initiative:  http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370540008287
• 2009 CCOutreach Regional Seminars, The Evolving Compliance Environment - Examination Focus Areas:  http://www.sec.gov/info/iaiccco/iaiccco-focusareas.pdf
• In re Carl D. Johns, SEC Release No. IA-3655 (August 27, 2013):   http://www.sec.gov/litigation/admin/2013/ia-3655.pdf
• SEC v. GEI Financial Services, Inc, Norman Goldstein, and Laurie Gatherum, Civil Action No. 12-7927 (October 3, 2012):   http://www.sec.gov/litigation/complaints/2012/comp-pr2012-206-gei.pdf
• Equitas Capital Advisors, LLC, Equitas Partners, LLC, Davis S. Thomas, Jr, and Susan Christina, SEC Release No. IA-3704 (October 23, 2013):   http://www.sec.gov/litigation/admin/2013/34-70743.pdf
• OMNI Investment Advisors, Inc., SEC Release No. IA-3323 (November 28, 2011):   http://www.sec.gov/litigation/admin/2011/34-65837.pdf
• In re Northern Lights Compliance Services LLC, Gemini Fund Services LLC, Michael Miola, Lester M. Bryan, Anthony J. Hertl, Gary W. Lanzen, and Mark H. Taylor, Sec Release No. IC-30502 (May 2, 2013):  http://www.sec.gov/litigation/admin/2013/ic-30502.pdf