July 24, 2017

Two Persistent Compliance Challenges: Insider Trading and Advisory Contracts


Chicago partner James G. Lundy discussed “Two Persistent Compliance Challenges: Insider Trading and Advisory Contracts” at the National Regulatory Services (NRS) Chicago Investment Adviser Compliance Symposium on July 24, 2017. The symposium was co-sponsored by the Investment Adviser Association (IAA).

The continuing focus by regulators and prosecutors on insider trading should remind investment advisers of the importance of having effective policies and procedures for detecting and preventing the misuse of material nonpublic information. Jim and other experienced professionals discussed the ongoing development of laws governing insider trading, recent insider trading cases involving securities professionals, and elements of an effective insider trading policy and code of ethics. This session also addressed SEC requirements for advisory contracts and provided a broader look at industry standards in this area.

The NRS-IAA symposium provided three days of interactive compliance education led by seasoned legal and compliance industry professionals. Instructors shared insights, perspectives and practical advice about implementing strong internal controls that will support a firm’s compliance program. Courses were designed to give participants added opportunities to understand the nuances of the compliance profession through group discussions and interactive elements that highlight professional ethics, trading compliance, and SEC examination and enforcement trends.

NRS Chicago Investment Adviser Compliance Symposium

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