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NSCP membership has concerns about SEC’s proposed rules on safeguarding assets

Lisa Crossley and Colleen Diles
Photo: Private

We spoke to NSCP CEO Lisa Crossley and consultant Colleen Diles about why their comment letter to the SEC over Rule 206(4)-2 amendments.

The National Society of Compliance Professionals (NSCP) has submitted a comment letter to the SEC addressing the regulator’s proposed amendments to Rule 206(4)-2, the Safeguards Rule, under the Investment Advisers Act of 1940.

The letter is meant to reflect the collective concerns of NSCP’s members, an organization made up mainly of