Practical Tips for a Workable Small Adviser Compliance Program—
July 28, 2011
1:00 PM – 3:00 PM ET
Description: Compliance is not a function that fluctuates with the scale of your business - small firms don't get a pass for being "less compliant" than larger firms. However, the amount of resources that firms are able to dedicate to compliance varies significantly. The SEC's examination staff recognizes that small advisers face unique compliance issues and concerns. Small firms are not necessarily small in terms of assets under management, but instead, in terms of personnel, scope of business and access to resources. Thus, compliance professionals at small firms, who often wear other hats, need to be particularly adroit at leveraging resources, information and innovation.
This seminar will identify the challenges faced by the small adviser and, more importantly, offer practical solutions to such issues as adopting policies and procedures that fit the firm, segregation of duties and designation of supervisors. Methods for training employees and keeping up with the growth of assets, employees and new products will also be addressed.
After completing this course you should be able to:
- Define the various social media (i.e. Facebook, LinkedIn, Twitter, etc.) and their uses by firm employees
- List the SEC and FINRA requirements pertaining to advertising, recordkeeping, oversight and supervision
- Identify the risks posed by the use of social networking sites
- Develop and apply effective compliance procedures to monitor and supervise use of social media sites by employees
- Prepare for SEC social media sweep
For Whom: Compliance, administrative and management personnel of small investment advisory firms
Suggested Skill Level: Intermediate
Instructional Method: Group-Internet-Based
Pre-requisites for participation: No prerequisites are required. However, attendees can benefit by reviewing the Investment Advisers Act of 1940 to become familiar with the structure and terms.
Continuing Education Credits:
See NRS Continuing Education Guide
Recommended CPE Credit: 2
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