Mutual Fund Operation and Compliance

Price: $995   Register now

Recommended that you register at least two weeks in advance.

Course Features

  • Course date:04/17/2020
  • Course Duration: 1 Day
  • Level: Beginner-intermediate
  • Prerequisites: None
  • Method: Live & Virtual
  • Venue: 115 Broadway, NY, NY 10006
  • Time: 9:00 am – 5:00 pm
  • Dress Code: Business Casual
  • Category:
  • Certificate: Yes
  • CPE Credits: 7
  • Course Code: 306

Mutual Fund Operation and Compliance

This course will provide an overview of Investment Adviser, Investment Company rules and regulations, and FINRA rules as well as industry trends and compliance policies and procedures for starting an open-ended and closed-end funds, including ETFs. This course will also focus on designing a compliance program focused on preventing, detecting and correcting potential violations of the Federal Securities Laws.

Specific topics include:

-the operation of mutual funds including the role of the board in adviser selection

-adviser/sub-adviser relationships

-portfolio management

-securities lending and short-selling

-proxy voting and related reporting

-CCO and compliance requirements

-soft dollars and research

-different CCO/Fund models

-Mutual Fund liquidity requirements

-Rule 12b-1- Self Reporting Initiative


Describe the organization of a Mutual Fund
  • Identify and discuss various participants
    • Fund Directors
      • Retaining investment advisors
    • Investment Advisor
    • Underwriters/Distributors/Wholesalers/Sales Agent
    • Fund Administrator
    • Fund Accounting and Financial Services
    • Fund Transfer Agent and Shareholder Servicing
    • Fund Custodian
    • Fund Accountants & Lawyers
  • Fund Registration and Reporting Requirements:
Overview of Regulation
  • An overview of the SEC laws and regulations and FINRA rules as they apply to Mutual Funds
  • Identify trends in Mutual Funds-passive versus active management fees
    • MiFID II
    • Trends in Fees-negative churning
    • ESG Funds-SEC investigations
    • Potential issues with active funds
  • Discuss securities lending and short selling in Mutual Funds
  • Discuss proxy voting
    • New SEC guidance on Investment Advisers and Proxy Advisory Firms
  • Compliance requirements
    • Investment Advisor Requirements
    • Investment Company Regulation
    • Role of the CCO
      • Various CCO models
  • Review Mutual Fund liquidity requirements
  • Explain Rule 12b-1- Self Reporting Initiative

Questions and Answers


  • William Jannace   has over 30 years of experience in the securities industry as a regulator at the American Stock Exchange, the New York Stock Exchange and at FINRA. As a senior counsel at Ross PLLC, he  advises clients across a range of applications and compliance needs. Currently he is also focused on blockchain industry related …
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