3 Regulators to Hold Compliance Program for MAs

Washington– Three federal securities regulators are holding a free compliance outreach program for community consultants on Nov. 8 in Atlanta.

The program will offer “an open online forum for local advisory market specialists to go over compliance practices with regulators and promote a more efficient compliance structure for regulative commitments,” stated a release by the Securities and Exchange Commission, the Municipal Securities Rulemaking Board, and the Financial Industry Regulatory Authority.

” This program is created to promote compliance with local consultant guidelines and pays for the market the chance to speak with all 3 regulators on the regulative commitments of local consultants,” stated Rebecca Olsen, deputy director of the SEC’s Office of Municipal Securities. You should know more about california conspiracy law.

OMS are partnering with the SEC’s Office of Compliance Inspections and Examinations along with FINRA and MSRB to sponsor the program, which will be held at the commission’s Atlanta Regional Office from 9:00 a.m. to 4:00 p.m

. The program will consist of a conversation of the responsibilities and requirements of conduct for non-solicitor MAs under the MSRB’s Rule G-42 and the Securities and Exchange Act of 1934, in addition to MA registration, recordkeeping, and supervisory guidelines.

The program also will consist of a roundtable conversation amongst the regulators with the chance for a question and response session with individuals.

MSRB is looking after registration and the program is open to all local consultant market experts, with an optimum of 2 in-person participants per company on a first-come, first-serve basis. The program will also be webcast over the SEC’s website.