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2013 Compliance Outreach Program Regional Seminars
General Information
The 2013 Compliance Outreach Program Regional Seminars for adviser and fund chief compliance officers were held in the Spring, Summer and Fall of 2013. The seminars were made available via in-person attendance and one seminar was live webcast. Each of these seminars will also be made available for viewing via an archived video.
- Boston, MA (May 16, 2013): This seminar consisted of panel discussions addressing the National Examination Program's 2013 priorities and key focus areas, current topics in money management regulation, and the examination selection and risk assessment process.
- An archived recording of this event may be viewed by clicking on the panels below.
- Materials referenced during the seminar include:
- Chicago, IL (August 28, 2013): The staff presented an overview of the examination process, including how registrants are selected for examination and the most commonly identified deficiencies. There also were three discussion panels on traded and non-traded real estate investment trusts, on investment companies with special emphasis on alternative investment funds and money market funds, and on current enforcement actions in the investment management industry. Lastly, there was a breakout session focusing on custody and compliance for small advisers.
- An archived recording of this event will be made available for viewing in the future.
- Materials referenced during the seminar will be made available for viewing in the future.
- New York, NY (September 13, 2013): This seminar was most relevant to newly registered investment advisers, to dual registrants and to investment advisers affiliated with broker-dealers. The topics most relevant to newly registered advisers included the SEC's examination process, priorities, risk surveillance, and examination selection process. In addition, the staff discussed Form PF and other filing requirements and recent industry and regulatory developments. The topics most applicable to dual registrants or advisers with affiliated broker-dealers addressed the staff's coordinated examination process, common examination findings, and controls that some firms use to address conflicts of interest.
- An archived recording of this event may be viewed by clicking on the links to the panels below.
- Materials referenced during the seminar
- Compliance Outreach Program - New York Regional Seminar Agenda (September 13, 2013)
- Compliance Outreach Program - New York Regional Seminar Speaker Bios (September 13, 2013)
- SEC Staff Presentation, "Examination Process" (September 13, 2013)
- SEC Staff Presentation, "Risk Profiling and the Exam Selection Process" (September 13, 2013)
- Office of Compliance Inspections and Examinations/National Exam Program Presence Exams Announcement Letter (October 9, 2012)
- SEC Staff Presentation, "Form PF Presentation" (September 13, 2013)
- SEC Staff Presentation, "Recent Developments" (September 13,2013)
- SEC Staff Presentation, "Fiscal Year 2014 Exam Initiatives and Focus Areas" (September 13, 2013)
- Office of Compliance Inspections and Examinations/National Exam Program Examination Priorities for 2013 (February 21, 2013)
- SEC Staff Presentation, "Dual Investment Advisers and Dual Registration" (September 13, 2013)
- Office of Compliance Inspections and Examinations/National Exam Program Risk Alert on Significant Deficiencies Involving Adviser Custody and Safety of Client Assets (March 4, 2013)
- Overview of Examinations By The Securities And Exchange Commission’s Office of Compliance Inspections and Examinations (February 2012)
- SEC Staff Speech by David Blass, "A Few Observations in the Private Fund Space" (April 5, 2013)
- SEC Press Release 2013-36, SEC Charges Private Equity Firm, Former Executive, and Consultant for Improperly Soliciting Investments (March 11, 2013)
- In re Ranieri partners LLC and Donald W. Phillips, Advisers Act Release No. 3563 (March 8, 2013)
- SEC Press Release 2012-132, Morgan Keegan to Pay $200 Million to Settle Fraud Charges Related to Subprime Mortgage-Backed Securities (June 22, 2012)
- In re Morgan Asset Management, Inc.; Morgan Keegan & Company, Inc.; James C. Kelsoe, Jr,; and Joseph Thompson Weller, CPA, Advisers Act Release No 3218 (June 22, 2011)
- Atlanta, GA (September 25, 2013) and (October 18, 2013): The staff discussed the importance of enterprise risk management and effective compliance and identified key issues noted during examinations, including conflicts of interests and issues associated with fees, such as undisclosed remuneration, miscalculation, and layering. Additional discussion topics included the changing demographics of SEC-registered investment advisers and key examination program initiatives to address such changes.
- Archived recordinga of these events will be made available for viewing in the future.
- Materials referenced during these seminars will be made available for viewing in the future.
- San Francisco, CA (November 6, 2013): This seminar featured an overview of the SEC's examination processes and procedures and a discussion of OCIE and AMU priorities. Emphasis was also placed on valuation issues, including best practices for valuing assets by private and registered investment funds.
- An archived recording of this event will be made available for viewing in the future.
- Materials referenced during the seminar will be made available for viewing in the future.
The Regional Seminars offered limited in-person attendance and may offer live audio and video webcast. For events with capacity limitations, investment company and investment adviser CCOs were given priority based on the order in which the registration requests were received. Registration information was also announced in a press release, which is available on the SEC's website at http://www.sec.gov/news/press/2013/2013-127.htm. Closed captioning will be available for all archived events. The SEC intends to host future Compliance Outreach Program Regional Seminars, which will likely take place in additional locations. For additional information, please e-mail ComplianceOutreach@sec.gov.
http://www.sec.gov/info/cco/ccorsgeninfo2013.htm
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