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."
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
