MNPI Recognition for RIAs: What CCOs Need to Know MNPI Recognition for RIAs: What CCOs Need to Know MNPI problems rarely arrive with a warning label. They show up in ordinary places: a due diligence packet, a casual comment from an issuer contact, a side conversation at an industry event, or a private fund update that says more than it should. Every registered investment adviser must establish, maintain, and enforce written policies reasonably designed to prevent the misuse o