Advisers Act: Brochure Rule; Insider Trading; Code of Ethics; Contracts

Description: Understanding the intricacies and implications of the Investment Advisers Act of 1940 (Advisers Act) is fundamental to the core responsibilities of any investment adviser compliance professional. A section-by-section review of the Advisers Act brings renewed focus to the root source of each requirement, many of which are likely to be encountered in compliance departments of every size firm. Everyday situations are incorporated to bring the Advisers Act to life, including practical advice about writing, implementing and maintaining policies to create strong internal controls that work within your firm’s business operations.

Brochure Rule, Insider Trading, Code of Ethics and Contracts course highlights include:

Rule 204-3 - Written disclosure statements
Section 204A - Prevention of Misuse of Non-public Information
Rule 204A-1 - Investment adviser codes of ethics
Section 205 - Investment Advisory Contracts and Related SEC Rules

For whom:

Chief Compliance Officers
Compliance Staff at all levels
Internal auditors
Legal counsel
Management

Suggested Skill Level: Basic to Intermediate

Pre-requisites for participation: No prerequisites are required. However, attendees can benefit by reviewing the Investment Advisers Act of 1940 and the Investment Company Act of 1940 to become familiar with the structure and terms.

Each Advisers Act course provides the instruction and tools to:

Demonstrate a clear understanding of the structure, content and terms of the Advisers Act for quick, easy reference and response
Prioritize work flow and assign tasks for establishing effective policy, procedures and internal controls and for minimizing risk and fines
Pinpoint the SEC areas of concern that should drive required written compliance policies and procedures
Understand the relationship among internal controls, internal reviews and the risk-based SEC examination program
Examine the use of checklists, timetables, SEC Document Requests Lists, exception reports and staff interviews to implement a strong compliance program
Discuss transactional, periodic and forensic testing of policies and procedures as tools of the risk assessment process
Identify systemic problems to initiate and implement prompt corrective action
Understand changes in the SEC examination process