Welcome back to the Compliance In Context podcast! Today’s show features two very special guests in the investment management space, Karen Barr from the Investment Adviser Association and Lisa Crossley from the National Society of Compliance Professionals, to talk to us about what’s happening in the investment adviser space, discuss the rich history of both organizations and more recent DE&I efforts, in the industry and what has helped these women become the fantastic leaders they are today. In our Headlines section, we examine the recent criminal indictment of FTX founder Samuel Bankman-Fried and some recent comments from Commissioner Peirce on ESG. And finally, we’ll wrap up today’s show with another installment of History Has Your Back, where we examine an old Navajo tradition that might help us polish the experiences over the last year and provide us with some perspective as we look toward 2023.

Show

Headlines

Interview with Karen Barr and Lisa Crossley

Final Segment – History Has Your Back

Quotes

11:00 - “The Investment Advisor Association is the leading association, advancing the interests of fiduciary investment advisory firms. And I do say ‘firms’ because we’re a trade administration. Our members represent the broader universe, both asset managers and RIAs, and they range in size from some of the largest asset managers in the world to the smaller five- and ten-person shop that really make up the core of our industry, and everything–everything–in between.” – Karen Barr

15:58 - “The mission of NSCP is to create a diverse professional community for compliance, by compliance. And I’m often asked, ‘What does that motto for compliance by compliance mean?’ NSCP is a 501C6 organization. It’s a membership organization versus the IAA, which is a trade organization…The ‘For compliance, by compliance’ comes from the fact that [the NSCP] is offering resources to compliance professionals, whether that’s conferences, webinars, forums, committees, our monthly publication, our ability to speak at our events…It is compliance professionals who help with all of those initiatives.” – Lisa Crossley