The SEC recently warned investment advisers of common deficiencies related to their firms’ code of ethics and material non-public information (MNPI) policies. Although some of the deficiencies cited are familiar to compliance officers, there are new twists that are noteworthy regarding what’s defined as MNPI and the use of alternative data. And the first ever insider trading case involving NFT’s adds to the expansion and application of existing fraud and securities laws to the new universe of digital assets.
What does this mean for compliance? The developments highlight the need for strong compliance oversight, and further emphasize that proper handling of MNPI is a core compliance responsibility of all advisers.
Join Thomson Reuters Senior Regulatory Intelligence Expert Todd Ehret for a deep dive into the latest on insider trading, including:
Todd Ehret is a Senior Regulatory Intelligence Expert for Thomson Reuters Regulatory Intelligence. At Thomson Reuters he has authored countless articles and white-papers, and presented at industry conferences, events, and seminars on a myriad of financial regulatory topics.
Todd has an enormous breadth of experience gained from more than 25 years on both the buy-side and sell-side at large and small financial services firms dealing with both institutional and retail clients. He has held key positions in trading, operations, accounting, audit, and compliance for broker-dealers, asset managers, and hedge funds and has successfully managed several global regulatory inquiries and exams in his career.
Before joining Thomson Reuters he served as a Chief Compliance Officer and Chief Operating Officer at a Registered Investment Adviser/Hedge Fund for nearly a decade. He has passed numerous FINRA exams throughout his career and has a B.S. in Political Science from the University of South Dakota.