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2009 Mile High Compliance Workshop The Compliance Department Inc. once again hosted "The Mile High Compliance Workshop" June 17-18 -19, 2009 at the Brown Palace Hotel in downtown Denver, Colorado. Now in its 5th year, the workshop brought together Compliance Professionals from all facets of the securities industry. The workshop format created a unique meeting environment that maximized the exchange of information between both presenters and attendees as well as between the attendees themselves. As the securities industry weathers the challenges of a new presidential administration and the global shifts in how we do business as a result of the credit crises, the Mile High Compliance Workshop addressed the latest in regulatory, industry, administrative, and strategic issues impacting broker-dealers and investment advisor compliance programs. Participants took away a wealth of knowledge in addition to a reinforced network of fellow compliance professionals. Following on the successes of our previous Workshops and by popular demand, each session was designed to deliver best practices for the topic being discussed. Participants learned about the hottest industry trends and opportunities as well as recent changes in regulation and oversight. The Mile High Compliance Workshop is the most comprehensive program available - it is the only industry conference that brings together compliance professionals involved in all facets of the securities industry in one event! 2008 Mile High Compliance Workshop deemed a huge success With a near capacity group of compliance professionals gathered in Denver, Colorado, the 2008 Mile High Compliance Workshop delivered everything it promised plus an excellent networking opportunity. With topics ranging from branch audits to principle based regulation, participants had the opportunity to discuss in detail the tried and true practices of the past as well as the latest innovations. Special presentations included an update on current FINRA issues by Chip Jones, FINRA vice president for Member Relations as well as a very informative presentation from Fred Joseph, Colorado Securities Commissioner and President-elect of the North American State Securities Administrators. Comments ranged from great location to excellent ability to participate and interface with other participants as well as quality presenters with good experience. The Mile High Compliance Workshop is an annual presentation of The Compliance Department Inc. and is held each June at the Brown Palace Hotel in downtown Denver. Watch this space for details on the 2009 workshop. David Peters joins The Compliance Department Inc. David Peters a native of El Paso, Texas and most recently a resident of Portland, Oregon has joined the home office staff of The Compliance Department Inc. and will be relocating to Centennial, Colorado. Most recently, David was the Compliance Officer of the Private Consulting Group Inc. a Portland based broker-dealer with representatives and branch offices nationwide. David holds an MBA and the Certified Financial Planner designation as well as the Series 7, 24, 53 and 65 securities licenses. In making the announcement, Chet Hebert, President stated, “David has the experience knowledge and skill that make him an ideal addition to our consulting team." |
Financial Industry Regulatory Authority The controversial merger of NASD Regulation and NYSE Regulation Conduct Rule 3012 Our recent experiences in assisting clients with regulatory examination filings clearly indicates that FINRA has certain expectations of member firms when it comes to Rule 3012 and its companion Rule 3013. Firms should be conducting testing and verification of the procedures required under Rule 3010 – Written Supervisory Procedures. Firms should be designing and implementing procedures specific to its activities under Rule 3012 – what, how, and who will test and verify your firm’s supervisory procedures. In addition, firms are required to document the testing and verification carried out. It is our recommendation that firms begin the process with the WSP Checklist. This allows the firm to determine that procedures do exist for each area the firm is involved. From the WSP Checklist, then tests may be designed to accomplish the requirements of Rule 3012. Firms should not wait until the days before their certification anniversary to begin the process. It should be an ongoing process that constantly identifies any weaknesses in the firms procedures. The Compliance Department Inc. has assisted numerous firms with the Certification process. Give us a call to discuss assistance your firm may need.
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