ARTICLE · 19 NOVEMBER 2015

Fund Forum - November 2015

Venable LLP

Explore more from Venable LLP

We are now well into the 2016 presidential campaign, and candidates on both sides of the aisle have released their tax proposals.

United StatesFinance and Banking

Stephanie Loughlin

Ralph E. Sharpe

D.E. Wilson, Jr.

Director Ceresney Stresses Importance of Compliance

On November 4, 2015, Andrew Ceresney, Director of the Division of Enforcement for the SEC delivered the keynote address to the 2015 National Conference of the National Society of Compliance Professionals. Director Ceresney addressed Enforcement's perspective on compliance officers and how the SEC approaches enforcement cases touching compliance personnel. His remarks focused on three topics: (i) recent cases emphasizing the importance that compliance personnel receive the resources, cooperation and business transparency necessary to do their job; (ii) Rule 206(4)-7 promulgated under the Investment Advisers Act of 1940, which establishes certain requirements for SEC-registered investment advisers; and (iii) instances in which the SEC has charged chief compliance officers (CCOs) in an enforcement action.

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