On October 1, Tonkon Torp hosted a virtual informational session for the Greater Portland Compliance Association (GPCA). Attorneys from Tonkon Torp’s Financial Services & Investment Management and Information Privacy & Security groups provided a comprehensive briefing for chief compliance officers for investment advisers and broker dealers.
Jessica Morgan, Christopher Pallanch, Parna Mehrbani, and Jarell Hunt shared timely information on a wide range of topics important to compliance professionals. These include current SEC priorities and a review of enforcement actions taken in 2020, OCIE exam trends, how proposed DOL changes and exemptions will impact fiduciaries, regulatory updates, changes to policy and procedures in 2020, and an overview of relevant cybersecurity risks such as credential stuffing. The attorneys also noted specific ways in which COVID-19 has impacted enforcement, priorities, and risk.
Tonkon Torp's Financial Services & Investment Management Practice Group works with investment funds, broker dealers, and investment advisers on issues of compliance with the Securities Act of 1933, Securities and Exchange Act of 1934, Investment Advisers Act, Investment Company Act, self-regulatory organization rules, and state blue-sky regulations. The frim's Information Privacy & Security Practice Group helps clients understand and comply with the laws and industry standards that regulate the collection, use, sharing, protection, and proper disposal of personal data.
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. Tonkon Torp has been hosting information sessions for GPCA for several years.