Eric Bustillo, the director of the SEC’s Miami office, provided guidance to compliance officers during the Ascendant Compliance Management, Inc., conference last week, highlighting the regulator’s examination focus and priorities for the year in his keynote speech.
Ascendant’s conference was designed around a mock examination of an investment advisory firm.The SEC’s National Examination Program will focus on fraud detection and prevention, corporate governance, conflicts of interest and technology risks.
“As the Chief Compliance Officer of the advisory firm around which the conference conducted its mock examination, I faced first-hand the challenges for compliance officers,” Ascendant Compliance Management partner Keith Marks said. “But I know coming out of the conference that we all had a great experience to help us develop strong compliance programs. In addition to our panels of experts, the Ascendant Discussion Groups, Roundtables and conference structure provided for broad networking and information sharing.”
Other participants at the conference also emphasized the importance of enterprise risk, an indication that the SEC is focusing on a broader array of risks instead as opposed to compliance risk only.
Ascendant hosts the program in coordination with industry experts to locate the most effective resources to be used in compliance, providing the most up-to-date guidance and real-time access to regulators.
The next conference will take place in California from Sept. 25 to Sept. 27.