The Securities Compliance Podcast Season 5 Episode 6 – The Evolution of Compliance at the NSCP

Podcast

Securities Compliance Podcast: Compliance in Context

In Season 5 Episode 6 of The Securities Compliance Podcast: Compliance in Context, host and Calfee Partner Patrick D. Hayes looks at the evolution of compliance through the lens of the NSCP, analyzing key growth milestones, identifying new resources and building for the future, and reviewing what’s up next for the organization in 2024. The Headlines section reviews recent decisions from the Supreme Court in the Loper Bright case and the long-term impact of federal agencies’ rulemaking interpretations. The episode wraps up with an installment of Outtakes, where a recent SEC Enforcement action provides significant insight and raises more questions regarding the SEC’s stance on cybersecurity controls.

Show

Headlines

• Reviewing the history of remote work and related compliance monitoring and supervision.

Interview with Lisa Crossley and Melissa Loner

• Background and history of the founding of the NSCP.

• How did compliance evolve within the NSCP and what disciplines were added?

• How is the NSCP building for the future of compliance? 

• Reviewing recent resource and staff additions.

• Discussing expanded member offerings and volunteer opportunities.

• How is the NSCP Planning for the future of compliance?

• New and exciting developments for the 2024 NSCP National Conference.

Outtakes

• SEC charges global provider of business communications and marketing services for internal control and accounting failure charges relating to cybersecurity incidents and alerts in late 2021.

Quotes

22:58 – “I think the community is what runs deep through NSCP and what makes it so special. I mean, I have wonderful friends that I’ve met through NSCP. I’ve had job opportunities that with the help of members of NSCP, it is a very strong community. There are so many ways to be involved, whether, you know, whether it’s very micro to being on NSCP’s board. So that’s something that Melissa will talk about in terms of volunteer development. But I can speak from my own experience that I felt that, you know, immediately there was a group of members who just were there to help me along the I introduced me to other people got me involved, like whether it was speaking or being on a committee, just being able to have those connections is so important, similar to having your social connections. So that’s something that I’ve always tried very hard to make sure that we maintain and we would maintain those opportunities in various work for our members ~ Lisa Crossley

30:50 – “You look at how the NSCP has evolved over the last couple of years with adding podcasts, adding more virtual sessions, right? We still hear about COVID and how people had to switch up from that and get more creative. We’re sort of in that realm again. We’ve also talked about that with the compliance officer of the future, right? How many of us back in the day thought that we would need to know so much about cybersecurity or any of that type of technology? We have AI, right? That’s a huge initiative all over. So just looking at how we continue to evolve in the subject matter, because the compliance professional of the past is not going to be the compliance professional of the future, right? And so looking at AI, I know that is also a big initiative of Lisa’s is to see not just how we can offer continued resources and AI to our members, but how do we encompass and integrate AI into the National Society of Compliance Professionals?” ~ Melissa Loner

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About the Securities Compliance Podcast: Compliance in Context

Introducing the Securities Compliance Podcast: Compliance in Context presented by Calfee, Halter & Griswold, and the National Society of Compliance Professionals and hosted by Patrick D. Hayes, Partner and Chair of Calfee's Investment Management practice.

Designed as a personal master class for the securities legal and compliance professional, this podcast embodies Patrick’s passion to help you put Compliance In Context™ by combining the technical expertise of industry thought leaders and innovators with the practical experience of doers and key decision makers.

Listeners will find the podcast on Apple Podcast, Google Podcast, Spotify, and Stitcher.

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The opinions expressed by guest speakers and panelists during Securities Compliance Podcasts may not necessarily reflect the viewpoints of the attorneys and professionals of Calfee, Halter & Griswold LLP, or its subsidiaries or affiliates. Calfee’s educational content is intended to inform and educate readers about legal developments and is not intended as legal advice for any specific individual or specific situation. Please consult with your attorney regarding any legal questions you may have. With regard to all content including case studies or descriptions, past outcomes do not predict future results.