NICSA Conference Highlights IT & Operational Challenges with new SEC / Regulatory requirements

I attended the East Coast NICSA meeting in Boston on Thursday. The agenda was hyper-focused on the current regulatory environment. New / in process SEC requirements (e.g., Rule 12b-1; 12b -2, etc.) have far reaching IT and operational impact on the investment management community. These pending changes will take an incredible investment of time, money and people. It will be interesting to see how much the industry lobby influences the SEC; managing expectations and instituting rigor while being fair to the amount of investment and timing required to achieve compliance will be key.
By Thomas Kaminsky, Managing Director

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