S6:E13 | Introducing the NSCP Compliance Mapping Tool and Previewing the National Conference | Compliance in Context

Welcome back to the Compliance In Context podcast! On today’s show, we do a deep dive into a brand new compliance mapping tool developed by the NSCP, review some of the exciting developments happening at the organization over the last 12 months, and preview the upcoming 2026 National Conference. In our Headlines section, the SEC recently proposes rescinding the advisor pay-to-play rule. And finally, we close up today with another installment of Outtakes, where the SEC recently sued 38 purported advisors, alleging false Form ADV filings and related disclosure issues.

Show

Headlines

• SEC Statement on Proposal to Rescind “Pay-to-Play” Rule

Interview with Melissa Loner and Heather Traeger

• Background on the NSCP Compliance Mapping Tool
• How does the new tool help compliance officers?
• Exciting developments at the NSCP from the last 12 months
• Reviewing NSCP engagement with the industry and regulators
• Implementation of the NSCP Strategic Plan
• Showcasing the 2026 NSCP National Conference
• Highlighting the year ahead

Outtakes

• SEC Sues 38 Purported Advisers, Alleging False Form ADV Filings

Quotes

10:35-11:06 – “So for those of you who don’t know, the NSCP took the charge in creating a proposal for a Compliance Advisory Committee to be permanently instilled within the SEC. And the intent of that is so that compliance professionals can give real-time live feedback to the SEC in regard to proposals, rules, implementation, things that they’re thinking about, educational opportunities, directly from the compliance professionals that are affected by those items every day.” – Melissa 

17:16-17:42 – “Sometimes it’s about innovation and reinventing, and a lot of these listening tours have told us that, you know, we’re doing things, and we’re doing them well. As Heather pointed out, our biggest differentiator is we are for the individual compliance professional, and to be able to give them real takeaways that help them do their job every day, but also to evolve in their professional development. And so we wanted to make sure that we weren’t losing our roots.” – Melissa 

25:26-26:01 – “The concept is that it would give the SEC direct access to, you know, the practical perspective of those who are responsible for making regulatory requirements work in real-world environments. I mean, better implementation begins with better understanding, and so the comment letter process, as we all know, it happens, you know, once the proposal is out the door, and this is a mechanism that’s earlier and more effective regulatory engagement.” – Heather 

32:42-33:15 – “This allows you, at the National Conference, to hear from so many different perspectives and experiences in one place in three days. This is one that, you know, our team- everybody’s got their hand up to come to this conference because they are looking to get that information. And because there’s multiple tracks, you know, we send as many people as we can so that we can hear from all these different speakers.” – Heather