Washington, D.C., Dec. 4, 2006 – LAWFUEL – Law News, Law Jobs – 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;
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.