Indianapolis —
This action was taken in response to emerging concerns expressed by some of the state regulators and SILA advisory board members regarding the potential for conflict of interest between Kaplan and SILA. Their concern grew out of the fact that Kaplan, through its educational division, offers materials that are subject to approval and oversight by state regulators. The agreement dissolves the corporate sponsorship relationship of SILA by Kaplan Compliance Solutions, and allows a new legal entity to operate as a totally independent organization.
Diana Capes will continue as SILA's executive director, but no longer serves as a Kaplan Compliance Solutions employee.
Source: Kaplan Compliance Solutions