On January 31, 2012, the SEC hosted its annual, “Compliance Outreach Program National Seminar” (Seminar).  (The program was previously called “CCOutreach,” but it has been “rebranded,” as the SEC explained in a press release, to be more inclusive of all senior personnel at firms.)  The Seminar included five sessions.  Hedge Fund Law Report recently reported on the session entitled “Enforcement-Related Matters” (Enforcement Session).  See “Enforcement Session at SEC’s Compliance Outreach Program National Seminar Highlights Regulatory Focus on Valuation, Conflicts of Interest and Compliance Shortcomings at Hedge Fund Managers,” Hedge Fund Law Report, Vol. 5, No. 7 (Feb. 16, 2012).  This article focuses on the “Trading Practices” session and highlights best practices for addressing the identified compliance concerns.