Meet Patrick Hayes, investment management counsel at Calfee, Halter & Griswold and your host for The Securities Compliance Podcast presented by the National Society of Compliance Professionals. A personal master class for the securities legal and compliance professional, Patrick’s passion is to help you put Compliance In Context™ by combining the technical expertise of industry thought leaders and innovators with the practical experience of doers and key decision-makers. Listen today to help elevate your firm’s compliance program and take your career to new heights.
Compliance In Context - Episode 4: How FinTech and RegTech Impact Compliance
Welcome back to the Securities Compliance podcast. On this episode, Today, we cover the SEC's new rule proposal regarding private issuers and raising capital and recent criticism to the amendments for Form 13F . Later, I speak with Chuck Senatore regarding the importance of FinTech and RegTech in the financial services industry and in your firm’s compliance program. Chuck is a board member and advisor to an assortment of FinTech, RegTech, and cryptocurrency companies. He currently teaches a course on compliance and regulatory strategy at the University of Chicago, and is the founder of the Boston RegTech Meetup.
At the end of the show, we launch the History Has Your Back series by reviewing the keynote address during the 2016 NSCP National Conference to foreshadow the importance of FinTech/RegTech in the investment management industry.
Thanks for tuning in!
SEC Proposes Exemption from Broker-Dealer Registration for Small Finders
Amendments to Form 13F reporting requirements.
Machine learning and impact of AI in financial services
Harnessing technology for better insight and outcomes of compliance testing
Blockchain and its impact on future examinations
History has Your Back
How important is FinTech/RegTech to the regulators? We go back in time to look at the National Society of Compliance Professionals 2016 National Conference keynote address by Marc Wyatt, Acting Director of the OC.
“And to the extent that you can harness the technology to bring greater insight, the more ability you have to kind of avoid the wasted time of running down ratholes to determine whether something is a false positive or not.”
“While you don’t necessarily need to be a data scientist, having a working knowledge of this space and how you can best leverage data is really important.”
Compliance in Context
Compliance In Context - Episode 3: The New DOL Fiduciary Rule
Welcome back to the second episode of the Securities Compliance Podcast. Today, we cover breaking developments on the whistleblower front and new trends in SEC enforcement. Later, I speak with ERISA expert David Kaleda, principal at Groom Law Group, to discuss the latest developments with the new DOL Fiduciary Rule and its impact on the investment management industry. David brings a wealth of experience on all things ERISA and matters impacting the investment and plan space, and he has previously served on the Department of Labor’s ERISA Advisory Council.
At the end of the show, we launch the What’s On My Mind series featuring a nuanced take on a contemporary issue affecting the investment management industry. In today’s segment, we’re looking at the convoluted and confusing area of ESG disclosures.
Thank you for tuning in. We hope you subscribe and join us next time!
Updates to whistleblower statutes.
SEC enforcement trends
Breakdown the new DOL Fiduciary Rule and related Preamble
Review the five-part test
How to apply the proposed rule in your compliance program now
Impact of the plaintiff’s bar
David’s predictions for the future.
What’s On My Mind
The convoluted world of ESG disclosures.
“...And in that preamble, the department suggests that it’s going to change its views...on when a person acts as a fiduciary for purposes of investment advice.”
“By putting this language in the preamble...theoretically, that should apply right now.”
“...It’s always tough to anticipate what the government’s gonna do, but in an election year, it gets that much more challenging.”
Compliance in Context
Compliance In Context - Episode 2: What's New at OCIE?
Welcome to the first full episode of the Securities Compliance Podcast! A personal master class for the securities legal and compliance professional, we started this podcast with the mission of helping people put Compliance In Context™.
At the start of each episode, we will cover some of the “hottest” compliance topics of the day, focusing on the news and noteworthy events that impact your firm’s compliance program. Today’s show will review the impact of the new accredited investor rule and some recent risk alerts focusing on cybersecurity.
The second segment of each show will take our master class to the next level and feature an expert guest to do a deep dive on a significant topic affecting our industry. Today, we speak with Natasha Greiner, the Associate Director of the IA/IC Examination Office within the SEC’s Office of Compliance Inspections & Examinations. Together, we discuss her work and the current state of the OCIE.
The final segment of our first episode will launch the Outtakes series. If compliance were a TV show, think of this is as the bloopers reel, where we look at humorous activities carried out at financial services firms that hopefully provide us all with a roadmap of what not to do inside our firms and our compliance programs.
We hope you tune in and subscribe for future episodes!
SEC expanding definitions of accredited investors.
Combating cybersecurity threats.
How OCIE has managed to remain fully operational.
Conducting outreach despite the pandemic.
Natasha’s work history and its impact on her current role.
What’s next for OCIE?
How Natasha and her family are handling quarantine.
Text messages and how to avoid violations of recordkeeping rules
"What we’ve done historically, in other times of market stress, we’ve really being trying to actively engage in ongoing outreach with registrants. And I’m really proud of this. I think we have done over three-hundred outreach events since FY 2020." - Natasha Greiner
Compliance in Context
Compliance In Context - Episode 1: Introducing Your Personal Master Class
Meet Patrick Hayes, your host for The Securities Compliance Podcast. A personal master class for the securities legal and compliance professional, Patrick’s passion is to help you put Compliance In Context™ by combining the technical expertise of industry thought leaders and innovators with the practical experience of doers and key decision-makers. Listen today to help elevate your firm’s compliance program and take your career to new heights.