Professional Ethics: Ethical Decision-Making for Compliance Professionals


As compliance professionals, we are used to working within sets of well-defined rules and creating procedures that manage risks. While there are rules that require Codes of Ethics, and while we can develop procedures to mitigate risks of certain types of unethical behavior, ethical decision-making requires different (and, perhaps, antithetical) skills. In this engaging interactive session, you will assess and respond to various scenarios based on incentives and motivations that influence ethical decision-making as well as join in discussions and commentary with seasoned industry professionals.


  • Ellyn Roberts: Counsel, Shartsis Friese LLP
  • Kurt Wachholz: Executive Consultant, NRS

Learning Objectives:

After attending this course you will be able to:

  • Recognize the role motivations and incentives play in ethical dilemmas and how compliance, firm culture, and the Code of Ethics can influence decision-making
  • Identify how ethical considerations may vary among different members of a firm depending on the circumstances
  • Develop an understanding of how incentives influence firm member decision-making and how you can address these challenges in your ethics training initiatives

For whom: Designed to increase the professional competence of financial services compliance professionals with legal, compliance, ethics, operations and management responsibilities

Suggested Skill Level: Intermediate

Instructional Method: Group Internet-Based and Group Live

Prerequisites for participation:

No prerequisites are required. However, attendees can benefit by reviewing the Investment Advisers Act of 1940, especially Rule 204A-1 (Investment adviser codes of ethics), to become familiar with the structure and terms.

Advance Preparation: None

Continuing Education Credits:

See NRS Continuing Education Guide
Recommended CPE Credit: 2
Recommended IACCP CE Ethics Credit: 2
Recommended CA MCLE Credit: 2