On this episode of the Securities Compliance podcast, we’re going to discuss Stephanie Avakian’s departure from the SEC, updates on the proposed marketing and advertising rules, very interesting investment advisor metrics, and some new changes coming to New York state IAR rules.

For the interview portion, I chat with Michelle Canella and Hope Brown. The three of us dive into diversity, equity, and inclusion in the financial services industry and discuss the importance of mentors and sponsors.

Listen in for a better understanding about what diversity, equity, and inclusion look like in action in the financial services industry.

 

Headlines

Stephanie Avakian steps down from the SEC’s Division of Enforcement.

The SEC punts on discussing the proposed advertising and cash solicitation rules

Reviewing the IAA/NRS Evolution Revolution Report.

Updates to the New York State’s IAR rules

 

Interview

Defining and distinguishing diversity, equity, and inclusion.

Ways to implement these concepts inside your organization.

How compliance professionals can take on issues of diversity and inclusion.

The importance of mentorship and sponsorship in the workplace.

NSCP diversity and inclusion efforts and other 2021 activities

 

History Has Your Back

Mentors create environments of trust and safety, stimulating development both personally and professionally.

Elevate yourself and your firm by connecting with others to become a mentor or mentee

As a tribute to mentors everywhere, a review of Rudyard Kipling’s poem, If

 

Quotes: 

“Well, first and foremost, I really believe that in order to effectuate change, you should change yourself first.”

““I think that mentors and sponsors are both critical to the success of any professional, and in our particular case, compliance professionals. I think, in particular, for women and for people of color, who typically have fewer interactions with leaders within financial services organizations.”

 

Resources:

Compliance in Context