SEC ANNOUNCES NATIONAL COMPLIANCE SEMINARS
The SEC has announced that it will hold its national CCOutreach seminar for investment advisers and investment companies on November 13, 2008 and its seminar for BDs (co-sponsored with FINRA) on March 10, 2009 in Washington, DC. On the agenda for the November meeting are money market funds, valuation, trading in new venues, disclosure, and recent enforcement actions. Possible topics for the March 10 meeting include trading, supervision, suitability, and examinations. The SEC says that the compliance outreach program helps the SEC “understand the needs and concerns of compliance officers.”
OUR TAKE: These seminars are helpful in understanding the SEC’s priorities. The regional seminars tend to be more interactive and detailed than these national meetings.