The Securities and Exchange Commission's Office of Compliance Inspections and Examinations is launching an initiative directed at investment advisors that have never been examined.

The initiative will focus on advisors who have been registered with the SEC for three or more years. The office previously announced that examining these advisors is a priority in 2014. It will conduct examinations of a significant percentage of advisors that have not been examined since they registered with the commission. The examinations will concentrate on the advisors' compliance programs, filings and disclosure, marketing, portfolio management and safekeeping of client assets.

"Our examinations will focus on areas most important to protecting investors," said Jane Jarcho, national associate director of OCIE's Investment Adviser/Investment Company examination program. "We will also promote compliance by engaging with these advisers through outreach efforts."

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