NSCP Member Bulletin

NSCP Regulatory Recaps

Find out what was discussed when NSCP met with SEC Chairman Jay Clayton and Commissioner Hester Peirce last month.

On May 21, 2018 representatives of NSCP had the opportunity to conduct a follow up meeting with SEC Chairman Jay Clayton and an introductory meeting with Commissioner Hester Peirce.

Key conversation points with Chairman Clayton included:

  • Cost of Compliance
  • Regulator Best Interest
  • Investment Adviser Expectations
  • Small Business Audit Correction Act of 2018

Key conversation points with Commissioner Peirce included:

  • CCO Liability
  • “Regulation by Enforcement”
  • Interactions with OCIE

Complete summaries of each meeting are available for all members.

CHAIRMAN CLAYTON SUMMARY: READ NOW

COMMISSIONER PEIRCE SUMMARY: READ NOW