Regulatory Forum

This webinar brings together professionals from Weaver, Standish Compliance, and Inspira Financial to discuss the latest regulatory developments, practical challenges, and best practices surrounding custody compliance for investment advisers.

Attendees will gain insight into recent rule changes, common pitfalls, and actionable strategies for maintaining robust custody controls in a dynamic regulatory environment. Whether you are responsible for compliance, operations, or client account management, this webinar will provide timely guidance to help your firm stay compliant and protect client assets.

Learning Objectives:

• Understand recent and upcoming regulatory changes impacting custody for investment advisers in 2026.
• Identify common compliance challenges and pitfalls related to custody, and learn practical solutions to address them.
• Gain actionable strategies for implementing effective custody controls and improving your firm’s compliance program.

DATE & TIME
Tuesday
March 3, 2026
12:30 p.m. - 1:30 p.m. CT

SPEAKERS
Andy Green
Senior Compliance Officer
Standish Compliance Services, LLC

Matt Kiggins
Senior Sales Executive, Regional Director | Custody Services
Inspira Financial

Maryellen Maurer
Managing Director
Standish Compliance Services, LLC

Scott Winkler
Partner, Audit - Financial Services
Weaver

QUESTIONS?
Please contact Presley Valenzuela

LINK ISSUES?
Please contact Jessica Bradford

ACCREDITATION
Recommended CPE Credit: 1 Hour • Instructional Delivery Method: Group Internet Based • Program Level: Basic • Prerequisites: None • Advanced Preparation: None • Recommended Field of Study: Accounting • Free to Attend

CANCELLATION POLICY
In the rare event that a CPE event needs to be canceled, Weaver will email all invitees and registrants, promptly communicating the cancellation, as well as pull down any calendar appointments already sent for the event. In all cases where possible, Weaver will reschedule the training and provide the audience with information on the new date(s).

Weaver is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

We are pleased to announce that Standish Compliance has launched a new cybersecurity offering designed specifically for investment advisers, including both Registered Investment Advisers (RIAs) and Exempt Reporting Advisers (ERAs).

Cybersecurity continues to be a significant area of focus for regulators and limited partners alike. Most recently, the SEC initiated a targeted sweep examining cyber governance, controls, and incident preparedness in connection with the amended Regulation S-P requirements and the December compliance deadline for large advisers. This initiative underscores the SEC’s heightened expectations around data protection, incident response, and oversight frameworks across the industry.

Our new cyber offering is built to align closely with current regulatory expectations while remaining practical, scalable, and cost-effective. Services include:

• Policy and procedure development and management
• Penetration testing
• Vulnerability testing
• End-point scanning
• Phishing training and testing
• Vendor due diligence

Unlike many solutions on the market, our approach emphasizes governance, policies, procedures, and preparedness—tailored to the size, complexity, and risk profile of each adviser. As a result, the program is well-suited for both newly launched and established managers seeking to enhance or formalize their cyber compliance framework.

Attached is an overview of the offering, which highlights key components and areas of focus.

For additional information or to schedule a conversation, please contact Presley Valenzuela to discuss your firm’s cybersecurity and compliance needs, hear insights from the SEC’s recent sweep activity, or address any related regulatory questions.

Join Willkie and Standish Compliance in Dallas for a compliance roundtable discussion on the 2026 regulatory outlook for investment advisers and fund managers. In this session, we will discuss the current SEC landscape, highlighting what’s new and notable, including recent exam and enforcement trends. We will also touch on CFTC filings and exemptions and provide predictions for 2026.

If there are other topics you’re interested in discussing, please include those with your registration responses.

A networking reception will be held immediately following the presentation. Space is limited. Please RSVP only if you are able to attend in person. RSVP by Thursday, February 19, 2026.

This roundtable will not be recorded.

DATE & TIME
Thursday
February 26, 2026
4:00 p.m. - 6:00 p.m. CT

Check-in/Registration: 3:45 p.m.
Roundtable: 4:00 p.m. - 5:00 p.m.
Reception: 5:00 p.m. - 6:00 p.m.

LOCATION
Willkie Farr & Gallagher LLP
Dallas Office
2699 Howell Street
Dallas, TX 75204

SPEAKERS
S. Kris Agarwal
Partner, Willkie Farr & Gallagher LLP

Jennifer R. Porter
Partner, Willkie Farr & Gallagher LLP

A. Kristina Littman
Partner, Willkie Farr & Gallagher LLP

Kimberly Garber
Founder & CEO, Standish Compliance

Nicole De La Roca
Managing Director, Standish Compliance

QUESTIONS?
Please contact Presley Valenzuela

LINK ISSUES?
Please contact Jessica Bradford

ACCREDITATION
Those who attend this transitional seminar will be eligible to earn 1.0 NY CLE Professional Practice credits, 1.0 CA MCLE Participatory General credits, 1.0 IL MCLE General credits, and 1.0 TX MCLE Accredited General credits. For NY attorneys, this transitional program is eligible for both newly admitted attorneys and experienced attorneys. The Willkie CLE Department will assist attendees that are admitted to practice in other jurisdictions.

The SEC held its third and final outreach event on January 22, from 11:00am to 12:30pm ET, to help firms comply with the amendments to Regulation S-P ("Reg S-P"). The event was focused on small firms in preparation for the June 3, 2026 compliance date and follows the original event focused on large firms prior to the December 3, 2025 compliance date and a second event focused on transfer agents.

The SEC has initiated a Reg S-P examination sweep and is gathering information through their examination efforts of firms efforts to comply with amended Reg S-P. We will monitor for additional guidance that the SEC may publish based on their examinations.

Additional information about each Reg S-P compliance outreach event, including the recordings of previous events, is available on the SEC's Reg Compliance S-P Outreach webpage.

💡 Webinar Announcement: 2026 Regulatory Readiness

We are excited to partner with Paul, Weiss on an upcoming webinar to walk through what advisers should be focused on heading into 2026, including Reg S-P developments, exam trends, and key regulatory deadlines.

📅 February 10, 2026 | 🕒 12:30-1:30 CST | 💻 Zoom

🎙️ Speakers: Jennifer Songer, Kimberly Garber, Maryellen Maurer, CRCP®

The SEC updated its Marketing Rule FAQ to address the question of whether advisers are required to calculate a model fee rather than using actual fees, when the fees charged to the intended audience are anticipated to be higher than the actual fees charged. The FAQ highlighted guidance in the adopting release that the general prohibitions in the Marketing Rule are intended to "provide appropriate flexibility and regulatory certainty for advisers considering how to market their investment advisory services" and "[i]n applying the general prohibitions, an adviser should consider the facts and circumstances of each advertisement." Accordingly, the FAQ noted that whether the use of actual fees violates the general prohibitions depends on all of the facts and circumstances of a specific advertisement, including, but not limited to, relevant disclosures. The guidance concluded that advisers may use various means to illustrate the effect of differences between actual fees and anticipated fees on performance. Thus using a model fee to calculate net performance is not the only way to satisfy the rule. We are happy to work with clients to consider the impact of this guidance on performance presentations and related disclosures.

A new FAQ was added to address whether SEC staff would recommend enforcement action if an investment adviser compensates a person for a testimonial or endorsement when that person was subject to the entry of a final order by a self-regulatory organization of the type described in Section 203(e)(9) of the Advisers Act within the prior 10 years but was not barred or otherwise suspended from acting in any capacity under the rules of that self-regulatory organization. While advisers should clearly be cautious about compensating any party with prior regulatory actions against them, the FAQ concludes that the SEC would not recommend enforcement action in such case, provided that:

• The sole reason the person is an ineligible person is the self-regulatory organization’s final order;
• The self-regulatory organization did not expel or suspend the person from membership, bar or suspend the person from association with other members, or prohibit the person from acting in any capacity;
• The person is in compliance with the terms of the self-regulatory organization’s final order, including, but not limited to, paying disgorgement, prejudgment interest, civil or administrative penalties, and fines; and
• For a period of 10 years following the date of such final order, any advertisement containing the testimonial or endorsement discloses that the person providing the testimonial or endorsement is subject to a self-regulatory organization order, and includes the order, or a link to the order on the self-regulatory organization’s website or other public disclosure system, if available.