Practical Insights for Compliance Officers [Webinar] - Intro


Mr. Cipperman will assess the most impactful regulatory developments of 2016, review results of the recent CCS survey of financial industry C-Suite opinion leaders, and give you his take on the fluid regulatory environment.This webinar was co-hosted with Todd Cipperman of Cipperman Compliance Services on Nov 17th.

 You can download a full copy of the slides from this webinar.


Full video transcript available below:

Thanks everybody for joining. We have an information-packed few minutes here. There is a lot going on in the regulatory world and I’m actually going to surprise the webinar and everyone who attended by revealing our top 10 predictions for the regulatory world for 2017, something that we do every year, but this webinar is going to get the debut of those so you can hold me to it for next year.

A couple of things going on so as we look at the slide called “trending,” what I try to do is for those of you that follow our blog or even for those of you that don’t I try to keep touch of what I see as broad trends in the regulatory world. I came up with these 12 trends for this year. This is looking backward and will certainly bleed into 2017. We’re going to talk about a good chunk of these today, not all of them. One is the focus on personal liability and this is the idea of executives of asset management firms and broker dealers being held personally accountable for breakdowns in their firms.

Fiduciary duty it’s something that is asserted in every SEC enforcement action. They claim a breach of fiduciary duty. I’m going to talk about what that really means when you look at the enforcement cases. What is meant by fiduciary duty and what practices will violate that duty? It also gets into the DoL Fiduciary Role, which is sort outside the scope of this presentation, but it also involves that as well. We’re going to address wrap programs and, in our view, the SEC’s continuing assault on the mutual fund wrap business.

Distribution-in-guise is very hot. The idea of mutual funds using their assets to fund distribution, we’re not going to spend a ton of time on that today, but it’s certainly a trending area. We mentioned the fiduciary rule. We are going to talk a little bit about the Whistleblower Program, something that most people think is going to survive the new administration, something that’s really grown over the last a couple of years, and we’re going to talk about whistleblowers, both from the whistleblower perspective and the company perspective.

Additionally trending, gatekeepers; the SEC holding industry participants who are not registrants accountable for the wrongdoing of their clients; this includes auditors, custodians, administrators, and God-forbid compliance consultants. We’re going to address compliance programs. A lot of activity of what compliance programs are supposed to look like in this evolving professional area and, related to that, what the CCOs are personally liable for, something that I know a lot of [SEC 00:06:01] compliance offers pay a lot of attention to. 

There is also a lot of action around the private equity and hedge space, and then when we finish with that we’re going to talk a little bit about our compliance survey that we do every year of C-Suite executives and I don’t think you can do anything this month without talking somewhat about the election and, as I said, we’ll talk about the predictions.

This webinar was co-hosted with Todd Cipperman of Cipperman Services LLC. To learn more visit

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