The US Securities and Exchange Commission staff on Monday announced the schedule and beginning of registration for 25 regional seminars, designed to help mutual fund and investment adviser chief compliance officers improve their effectiveness for the benefit of investors throughout the country.
The CCOutreach regional seminars for investment adviser and mutual fund chief compliance officers (CCOs) will be held in April, May, and June in various cities, the securities regulator revealed.
They will focus on compliance areas that SEC examiners frequently find to be deficient at firms during examinations of investment advisers and investment companies.
"By focusing the 2008 regional seminars on the particular compliance areas where improvement will do the most good for investors, we can help CCOs be proactive and ensure compliance in these areas," explained Lori Richards, Director of the SEC's Office of Compliance Inspections and Examinations.
"These seminars enable CCOs to better understand the tests examiners use to identify deficiencies and how other firms address weaknesses. CCOs can then use similar tests and compliance controls at their own firms to safeguard investors," she added.
SEC examiners will discuss deficiencies, how the SEC identifies them, and corrective actions funds and advisers have taken to address them.
Additionally, some seminars will feature supplemental sessions designed to address the compliance concerns of smaller and newly-registered investment advisers.
The CCOutreach program was formed to promote open communications and coordination on mutual fund, investment adviser, and broker-dealer compliance issues.
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