On September 22, Tonkon Torp attorneys Jessica Morgan and Christopher Pallanch led an informational session on timely topics important to compliance professionals. The educational event was hosted by the Greater Portland Compliance Association (GPCA).
Jessica and Chris, who are co-chairs of Tonkon Torp’s Financial Services Practice Group, provided an in-depth look at the Marketing Rule, which guides SEC advertising and solicitation rules for federally registered investment advisers. The current Marketing Rule was adopted on December 22, 2020. With the November 4 compliance date approaching, they reviewed updates to the advertising and solicitation rules, activities to which the new rule will apply, and tips for best compliance practices. The attorneys also looked at how the SEC is approaching conflicts of interest between broker-dealer or investment advisers, as well as recent enforcement actions of the SEC. They provided ways to identify, mitigate, and disclose conflicts to comply with SEC Standards of Conduct and Form CRS.
Tonkon Torp’s Financial Services & Investment Management Practice Group offers counsel to investment advisers, broker-dealers, CPAs, banks, non-bank lenders, mortgage lenders, insurance companies, fintech companies, and software vendors. It advises clients on federal and state securities laws, and on the rules and regulations of the SEC, FINRA, various securities exchanges, and state securities regulators.
The GPCA was founded in 2009 and is a professional membership organization dedicated to supporting and promoting the securities compliance industry in the Portland, Oregon area.