InstructorTerri Hays
TypeOnline Course
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Tuition Options


PracticeEdge Elite™ Not included

Standard Tuition $400 US

Senior Fellow Martin Schwartz, JD, CPA, Senior Managing Director & CCO, Millennium Management

The compliance function continues to grow in importance as regulators, management and the public are placing greater demands on compliance staff. This course sets forth the general elements of establishing an effective supervisory and compliance program. The focus is on compliance programs for registered investment advisers and broker-dealers. However, many of the lessons can be applied to other business firms.

Although the nature and complexity of compliance programs vary significantly from firm to firm, there are certain basic elements of a supervisory structure that apply generally. This course focuses on these common elements, such as defining the nature of the chief compliance officer’s role within the company, adopting firm-wide policies and procedures and engaging in an annual review of the compliance program’s effectiveness.

The Course also addresses specific issues, including adopting a code of ethics, establishing a compliance oversight committee and the adoption of specific monitoring and surveillance programs, such as personal trading approval and pre-hiring background checks. The course also looks at the importance of detecting and reporting compliance violations and escalating such violations to senior management as necessary.

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Students shall learn the following within this Course:

  • The goal of the program is to provide a framework for an effective compliance program.
  • Participants should be able to apply the lessons of this course to their own companies to build successful compliance programs that are tailored to their needs and regulatory environment.
  • Through case studies, participants will gain insight into how general compliance principles apply to real world situations.
  • The course is about process and not designed to be a comprehensive review of statutory or regulatory requirements or to describe substantive standards for monitoring, supervision and oversight.

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Senior Fellow:

Senior Fellow: Martin Schwartz, JD, CPA, Senior Managing Director & CCO, Millennium Management

Guest Lecturer:
Simone Lorne, Chief Legal Officer, Millennium Partners
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Accreditation Information

CLE Information

Credit Hours: 3
Subject Area: Professional Practice
States: Contact Curriculum Advisor For More Information

CPE Information

Credit Hours: 6
Subject Area: Accounting
States: Contact Curriculum Advisor For More Information


Course ID Number:  7430


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Alabama: Approval of all web based programs is limited to a maximum of 6.0 credits.

Arizona: Does not approve or accredit CLE activities for the Mandatory Continuing Legal Education requirement. RCA programs may qualify for credit based on the requirements outlined in the MCLE Regulations and Ariz. R. Sup. Ct. Rule 45.

Iowa: The approval is for one year from recorded date. Does not approve of Audio-only On-Demand Webcasts.

Missouri: On-demand web programs are restricted to six hours of self-study credit per year. Self-study may not be used to satisfy the ethics requirements. Self-study can not be used for carryover credit.

New Hamphsire: The approval is for three years from recorded date.

New Mexico: On-Demand web programs are restricted to 4.0 self-study credits per year.

New York: Newly admitted attorneys may not take non-traditional course formats such as on-demand Web Programs or live Webcasts for CLE credit. Newly admitted attorneys not practicing law in the United States, however, may earn 12 transitional credits in non-traditional formats.

North Carolina: A maximum of 4 credits per reporting period may be earned by participating in on-demand web programs.

Ohio: To confirm that the web program has been approved, please refer to the list of Ohio’s Approved Self Study Activities at Online programs are considered self-study. Ohio attorneys have a 6 credit self-study limit per compliance period. The Ohio CLE Board states that attorneys must have a 100% success rate in clicking on timestamps to receive ANY CLE credit for an online program.

Oklahoma: Up to 6 credits may be earned each year through computer-based or technology-based legal education programs.

Pennsylvania: PA attorneys may only receive a maximum of four (4) hours of distance learning credit per compliance period. All distance learning programs must be a minimum of 1 full hour.

Rhode Island: Audio Only On-Demand Web Programs are not approved for credit. On-Demand Web Programs must have an audio and video component.

Tennessee: The approval is for the calendar year in which the live program was presented.

Virginia: All distance learning courses are to be done in an educational setting, free from distractions.

Wisconsin: Ethics credit is not allowed. The ethics portion of the program will be approved for general credit. There is a 10 credit limit for on-demand web programs during every 2-year reporting period. Does not approve of Audio-only On-Demand Webcasts.

Iowa, Mississippi, Oklahoma, and Wisconsin DO NOT approve Audio Only On-Demand Web Programs.

If you have already received credit for attending some or the entire program, please be aware that state administrators do not permit you to accrue additional credit for repeat viewing even if an additional credit certificate is subsequently issued.

If applicable, the RCA will apply for credit in your state upon request.