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.

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.

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.