SEC Announces Compliance Outreach Program Seminars for Investment Adviser and Investment Company Senior Officers

The Securities and Exchange Commission today announced the schedule for Compliance Outreach Program regional seminars it is sponsoring in six cities later this year. 

The seminars are jointly sponsored by the SEC’s Office of Compliance Inspections and Examinations, Division of Investment Management, and Division of Enforcement’s Asset Management Unit. The events provide an opportunity for SEC staff to share information about risks, priorities, and deficiencies observed in examinations or investigations and to discuss how senior executives and compliance professionals have addressed such matters.

The 2015 regional seminars will include an overview of the SEC’s National Examination Program as well as a discussion of current topics of particular interest for the Division of Investment Management and the Enforcement Division’s Asset Management Unit.  The seminars also will feature the following panels on current ‘hot-button’ topics in investment management regulation:

• Miami – June 10: Key examination program initiatives, registrant responsibilities for broker-dealers that migrate to the investment adviser business model, staff examinations and observations regarding cybersecurity, and examination and compliance issues that may result in enforcement referrals. (Registration is Closed.)
• New York – June 18: Staff examinations and observations regarding cybersecurity and those relevant to advisers to private funds, such as fees and expenses. (Registration is Closed.)
• New York – June 18: Staff examinations and observations regarding cybersecurity, issues applicable to dual registrants or advisers with affiliated broker-dealers, the National Examination Program’s retirement initiative, and investment company issues. (Registration is Closed.)
• Chicago – June 29: Key examination program initiatives, examination selection process, and issues affecting alternative funds and private funds.  Immediately following the seminar, the staff will host a forum for smaller investment advisers. (Registration is Closed.)
• Denver – July 14: Staff examinations and observations regarding custody issues and those relevant to advisers to private funds.  Immediately following the seminar, the staff will host a forum for smaller investment advisers. (Registration is Closed.)
• Philadelphia – July 14: Key examination program initiatives, examination selection process, and issues relevant to private fund advisers including fees and expenses, disclosures, valuation, custody, and conflicts of interest. (Registration is Closed.)
• Los Angeles – September 11: Discussion of the National Examination Program’s retirement initiative.  This seminar will also have two concurrent breakout sessions, one for issues applicable to dual registrants or advisers with affiliated broker-dealers and one for staff examinations and observations relevant to advisers to private funds. (Registration is Closed.)

Registration for each of these events will be closed approximately one week before the date of the event.  Seating is limited and the events will not be webcast.  If registrations exceed capacity at an event location, investment company and investment adviser CCOs will be given priority on a first-come, first-registered basis. For more information contact: ComplianceOutreach@sec.gov