PracticeEdge Elite™ Not included
Standard Tuition $400 US
Senior Fellow Andrew Bowden, JD, Deputy Director, SEC
The purpose of this Course is to provide a detailed profile of the SEC’s examination program for investment advisers and investment companies. Part 2 of this Course covers investment adviser registration, including what types of business activity constitute giving investment advice, and the legal obligations that follow from registration as an investment adviser. It then turns to the definition and registration requirements for investment companies, including regulatory requirements and related governance issues. It also provides demographic insight into the investment adviser and investment company populations. These topics are critical for students to understanding of the purpose and scope of SEC registration requirements for advisers and investment companies, and will help them to appreciate the important obligations that come with registration for these types of business.
Students shall learn the following within this Course:
- Recognize the strategic objectives of the SEC’s examination program, and how the IAIC branch of the exam program associates with those objectives.
- Differentiate between the different registration requirements and legal obligations of investment advisers and investment companies.
- Discover how the SEC’s risk analysis process informs the selection of examination candidates.
- Learn how those obligations are applied by the examination staff in its examinations, including differentiating between the different steps of the examination process, defining the various techniques that are typically used in investment advisory or investment company examinations, and will be able to apply these insights to consider how advisers and investment companies can structure their internal compliance programs to work in sync with the examination program.
- Andrew Bowden, JD, Deputy Director, SEC
Subject Area: Professional Practice
States: Contact Curriculum Advisor For More Information
Credit Hours: 4
Subject Area: Accounting
States: Contact Curriculum Advisor For More Information
Course ID Number: 7602
On-Demand Web Programs and Segments are approved in:
Alabama1, Alaska, California, Colorado, Delaware, Florida, Georgia, Hawaii, Idaho*, Illinois , Iowa2*, Kansas, Kentucky*, Louisiana, Maine*, Mississippi, Missouri3, Montana, Nebraska, Nevada, New Hampshire4, New Jersey, New Mexico5, New York6, North Carolina7, North Dakota, Ohio8, Oklahoma9, Oregon*, Pennsylvania10, Rhode Island11, South Carolina, Tennessee12, Texas, Utah, Vermont, Virginia13, Washington, West Virginia, Wisconsin14and Wyoming*.
Iowa, Mississippi, Oklahoma, and Wisconsin DO NOT approve Audio Only On-Demand Web Programs.
Please Note: The State Bar of 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.
*RCA will apply for credit upon request. Louisiana and New Hampshire: RCA will apply for credit upon request for audio-only on-demand web programs.
1Alabama: Approval of all web based programs is limited to a maximum of 6.0 credits.
2Iowa: The approval is for one year from recorded date. Does not approve of Audio-only On-Demand Webcasts.
3Missouri: 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.
4New Hamphsire: The approval is for three years from recorded date.
5New Mexico: On-Demand web programs are restricted to 4.0 self-study credits per year.
6New 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.
7North Carolina: A maximum of 4 credits per reporting period may be earned by participating in on-demand web programs.
8Ohio: To confirm that the web program has been approved, please refer to the list of Ohio’s Approved Self Study Activities at http://www.sconet.state.oh.us. 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.
9Oklahoma: Up to 6 credits may be earned each year through computer-based or technology-based legal education programs.
10Pennsylvania: 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.
11Rhode Island: Audio Only On-Demand Web Programs are not approved for credit. On-Demand Web Programs must have an audio and video component.
12Tennessee: The approval is for the calendar year in which the live program was presented.
13Virginia: All distance learning courses are to be done in an educational setting, free from distractions.
14Wisconsin: 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.
Running time and CLE credit hours are not necessarily the same. Please be aware that many states do not permit credit for luncheon and keynote speakers.
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.