State Registered Advisers: Examination Strategies and Tutorial

Overview

Course Description:

State securities regulators across the U.S., Puerto Rico, the District of Columbia, the U.S. Virgin Islands, Canada, and Mexico collaborate through the North American Securities Administrators Association (NASAA), sharing information and coordinating enforcement efforts. While regulatory requirements vary by state, many jurisdictions have adopted NASAA model rules. This session will explore how differing state regulatory expectations and enforcement cultures affect investment advisory examinations and how to prepare for them. The focus will be on the states’ latest examination and enforcement priorities, and steps firms can take before, during, and after an exam to improve exam outcomes. Learn where operational drift develops, and how firms can build more adaptive, risk-based compliance practices that evolve alongside the business. Explore moving beyond template-based compliance toward operationally integrated supervision and monitoring

Learning Objectives:

After attending this session, attendees should be able to:

• Review and address the ways the current market and regulatory environments affect state examinations.
• Demonstrate an understanding of the examination processes from first notice to final follow-up to avoid unnecessary interruption of the firm’s business.
• Utilize guidance to increase the firm’s preparedness, minimize retrieval time during an examination, and maximize a favorable examination outcome.
• Understand how state investment adviser representative requirements apply to investment advisers.
• Implement practical processes for reassessing compliance obligations following material business or operational changes.

Who is this for?

For Whom: Designed to increase the professional competence of investment adviser professionals with legal, compliance and management responsibilities.

Suggested Skill Level: Intermediate

Instructional Method: Group Internet-Based and Group Live

Pre-requisites for participation: No advance preparation or prerequisites are required. However, attendees can benefit by reviewing the Investment Advisers Act of 1940 and related SEC and NASAA Rules to become familiar with the structure and terms.

Speakers

Coming Soon!

Continuing Education Credits COMPLY Continuing Education Guide

Recommended CPE Credit: 2 in the Regulatory Ethics field of study

Recommended IACCP® CE Credit: 2

Recommended CA MCLE Credit: 2