NSCP Webinars: 2/27 – SEC’s Share Class Selection Disclosure Initiative Webinar

Don’t miss this Webinar on Tuesday,
February 27 at 4:00 pm EST

The SEC’s recently announced share class initiative is a dramatic new step in the SEC’s ongoing scrutiny regarding recommendations of mutual funds by registered investment advisers. Firms will want to consider whether they are eligible and wish to take advantage of the Initiative and self-report violations.

This webinar will provide some practical considerations and discuss:

  • Eligibility
  • Enforcement actions involving Rule 12b-1 fees and share class selection
  • Steps to take
  • Collateral consequences



NSCP Member Bulletin

Notice of Survey – Responses due by 3/31/2018

NASAA Survey Regarding Continuing Education for Investment Adviser Representatives

Investment adviser representatives play an important role in the financial lives of millions of Americans, yet unlike most financial services professionals they are not independently required to meet a continuing education requirement to maintain their licenses to work with investors.

State securities regulators are considering closing this investor protection gap by consulting with industry to develop a responsive and relevant continuing education program to help investment adviser representatives more safely and competently serve their clients.

NASAA and its members are in the early phases of this initiative and are conducting a nationwide stakeholder survey to determine the next phase of this important project, which could ultimately result in the adoption of a NASAA Model Rule regarding continuing education for investment adviser representatives (IAR-CE).

This type of regulatory initiative benefits greatly from extensive internal and external input. Your responses would inform any decision to move forward. Should a decision be made to move forward, the input gathered from internal and external stakeholders would help shape the method, format and content for the continuing education requirement.


NSCP Currents: Podcast Episode Alert

Just in time for Form ADV Updates, tune in to our most recent episode “The Sides of “May”: When is “May” Deemed False and Misleading” by Elizabeth M. Knoblock and Patricia Flynn

As we approach the Form ADV annual amendment season, we suggest you proactively scrub your disclosure documents for any potentially misleading uses of the word. Consider avoiding words like “may,” ”might” or “could,” when it is clear that the situation being disclosed already exists…”



NSCP Events: Speakers Announced

The Future of Compliance.

It’s what we’re talking about this Spring.

Regulatory Interchanges

Be heard. Your regional regulatory authorities assemble to field your questions, concerns and offer you the information you need to prepare for the year ahead.

Spring Conferences
Get the practical insights you need to tackle the issues of tomorrow.


2017 Best of Currents Now Available to Members

Members will receive NSCP Currents, the go-to resource for over 2,000 NSCP members and is positioned as the premier compliance publication of the financial services industry. The monthly journal features articles written by colleagues and other highly respected, industry professionals, tackling problems common to financial service firms.

NSCP Currents offers compliance professionals:

  • real-world interpretations of securities regulations and their impact to compliance programs,
  • actionable advice on regulatory and industry initiatives, and
  • best-practices, practical tools and functional resources to assist in fulfilling compliance responsibilities.

Download Currents

NSCP Currents: Cybersecurity Special Issue

Each year, NSCP takes a moment to look back at the prior year and at the contributions that brought our publication, NSCP Currents to life. In 2017, one endless topic of conversation was Cybersecurity.

NSCP Member Bulletin

SEC Releases 2018 Examination Priorities. Details available below.

Have thoughts on this year’s focus areas, or wish to confidentially share a recent examination experience?

We’ve launched the NSCP MemberVoice, an anonymous and safe avenue for our Members to share their thoughts, stories, and experiences with regulators, and issues in complying with financial services regulatory requirements.



NSCP Events: Form ADV Seminar with Kirkland & Ellis

On February 6, 2018, in partnership with Kirkland & Ellis, NSCP sponsored a Form ADV Seminar for the Private Fund community in New York, which offered insights into the new Form ADV Requirements, common disclosure pitfalls, and practical application of best practices to avoid known mistakes.

Due to great response, evaluation of hosting a second event on the west coast later this month is under way.

NSCP Currents: Best of 2017

NSCP is pleased to release its annual edition of the Best of 2017 NSCP Currents; which showcases a collection of prior articles from the prior year.