Press Release: SEC Staff Announces Possible Topics for 2007 CCOutreach Regional Seminars; 2006-199; Dec. 4, 2006
The SEC announced plans for 2007 CCOutreach regional seminars to educate mutual fund and investment adviser compliance officers on key regulatory topics, with no fraud, charges, or penalties involved.
The SEC’s Office of Compliance Inspections and Examinations, led by Director Lori Richards, announced in December 2006 the upcoming 2007 CCOutreach regional seminars aimed at chief compliance officers (CCOs) of mutual funds and investment advisers. The seminars will cover potential topics such as trade allocation, personal securities transactions, pricing and valuation, disclosures, and client asset safety, based on CCO feedback submitted via email before year-end 2006. No fraudulent activity, financial penalties, or enforcement actions are referenced—this is purely an educational outreach initiative to strengthen compliance practices.
In December 2006, the SEC’s Office of Compliance Inspections and Examinations, under Director Lori Richards, announced the upcoming 2007 CCOutreach regional seminars designed to support mutual fund and investment adviser chief compliance officers (CCOs). The initiative sought input from CCOs on preferred compliance topics to ensure the seminars addressed their most pressing concerns, with feedback due by the end of 2006. Possible discussion areas included the examination process, risk assessment, portfolio management, brokerage arrangements, best execution, trade allocation, personal securities transactions, pricing and valuation, books and records, disclosures, marketing advertising, and the safety of client assets. The SEC emphasized that the seminars were educational and preventive, not enforcement-related, and aimed to foster collaboration with CCOs to improve industry-wide compliance. No individuals, firms, or misconduct were named, and no allegations of fraud, fines, or legal actions were mentioned. The goal was to enhance understanding of regulatory expectations through targeted guidance and shared best practices. The program reflected the SEC’s broader strategy of proactive outreach to reduce violations before they occur. Further details were available on the SEC’s website at sec.gov/info/ccoutreach.htm.
Extracted insights
- person ccoutreach program
- person lori richards
- person possible topics
- person regional seminars
- Lori Richards announced next series of CCOutreach regional seminars for mutual fund and investment adviser chief compliance officers will be held in April, May, and June of 2007
- Lori Richards encouraged chief compliance officers to share their preferences with respect to possible discussion topics
- CCOutreach program addresses areas of interest or concern that CCOs feel are important
- 2007 CCOutreach regional seminars include four or five compliance topics
- Possible topics include examination process, risk assessment process, portfolio management, brokerage arrangements, personal securities transactions, pricing and valuation, books and records, disclosures and filings, marketing, and safety of client assets
- Regional seminars address information and documents requested during exams, frequent examination findings, various analyses, and factors to consider when establishing compliance controls
- CCOs may provide suggestions with respect to the 2007 CCOutreach regional seminars via email to [email protected] before the end of the calendar year
SEC Staff Announces Possible Topics for 2007 CCOutreach Regional Seminars FOR IMMEDIATE RELEASE 2006-199 Washington, D.C., Dec. 4, 2006 - Lori Richards, Director of the SEC's Office of Compliance Inspections and Examinations, announced that the next series of CCOutreach regional seminars for mutual fund and investment adviser chief compliance officers will be held in April, May, and June of 2007 at various locations throughout the country. During the CCOutreach National Seminar on Nov. 14, 2006, in Washington D.C., Ms. Richards encouraged chief compliance officers (CCOs) to share their preferences with respect to possible discussion topics. Ms. Richards said, "We want the CCOutreach program to be as helpful as possible to CCOs by addressing the areas of interest or concern that CCOs feel are important. Therefore, we will set the agenda for our 2007 regional seminars based on CCO feedback. We feel this approach will strengthen our growing relationship with CCOs and will educate and inform CCOs on information, issues, and/or events most pertinent to them and their businesses." The 2007 CCOutreach regional seminars will include four or five compliance topics. Possible topics for the seminars include, but are not limited to the examination process; the risk assessment process; portfolio management; brokerage arrangements, best execution and trade allocation; personal securities transactions; pricing and valuation; books and records; disclosures and filings; marketing, performance advertising and distribution; and safety of client assets. With respect to each topic, the regional seminars will address the information and documents that are requested during exams, frequent examination findings, various analyses that may be performed, and factors to consider when establishing compliance controls. CCOs may provide suggestions with respect to the 2007 CCOutreach regional seminars, including topics to be addressed, via email to [email protected] before the end of the calendar year. Further information about the CCOutreach program can be found on the Commission's website at http://www.sec.gov/info/ccoutreach.htm. http://www.sec.gov/news/press/2006/2006-199.htm Home | Previous Page Modified: 12/04/2006
SEC Staff Announces Possible Topics for 2007 CCOutreach Regional Seminars FOR IMMEDIATE RELEASE 2006-199 Washington, D.C., Dec. 4, 2006 - Lori Richards, Director of the SEC's Office of Compliance Inspections and Examinations, announced that the next series of CCOutreach regional seminars for mutual fund and investment adviser chief compliance officers will be held in April, May, and June of 2007 at various locations throughout the country. During the CCOutreach National Seminar on Nov. 14, 2006, in Washington D.C., Ms. Richards encouraged chief compliance officers (CCOs) to share their preferences with respect to possible discussion topics. Ms. Richards said, "We want the CCOutreach program to be as helpful as possible to CCOs by addressing the areas of interest or concern that CCOs feel are important. Therefore, we will set the agenda for our 2007 regional seminars based on CCO feedback. We feel this approach will strengthen our growing relationship with CCOs and will educate and inform CCOs on information, issues, and/or events most pertinent to them and their businesses." The 2007 CCOutreach regional seminars will include four or five compliance topics. Possible topics for the seminars include, but are not limited to the examination process; the risk assessment process; portfolio management; brokerage arrangements, best execution and trade allocation; personal securities transactions; pricing and valuation; books and records; disclosures and filings; marketing, performance advertising and distribution; and safety of client assets. With respect to each topic, the regional seminars will address the information and documents that are requested during exams, frequent examination findings, various analyses that may be performed, and factors to consider when establishing compliance controls. CCOs may provide suggestions with respect to the 2007 CCOutreach regional seminars, including topics to be addressed, via email to [email protected] before the end of the calendar year. Further information about the CCOutreach program can be found on the Commission's website at http://www.sec.gov/info/ccoutreach.htm. http://www.sec.gov/news/press/2006/2006-199.htm Home | Previous Page Modified: 12/04/2006