SEC Examinations

DOE topped exam estimates

Many hot topics will continue, including asset verification (DOE confirmed more than $2 trillion in assets in FY 2021) and climate risks (looking at how firms’ BCPs have progressed in the years since Superstorm Sandy whacked the East Coast)

SEC asks about thrift accounts

The consultant argues that you’ll never be able to beat the array of winning funds available from the TSP nor its lower fees and you risk attracting SEC attention with such rollovers

State exams find books and records issues

One in five deficiencies linked to suitability, NASAA says

Interest in ESG seen anew in exam letter

This new one asks for the adviser’s “internal definition of any terms that relate to” environmental, social and governance and socially responsible investing

About this page

The SEC currently examines about 15% of the Commission-registered investment adviser universe each year. Preparing for the possibility of your firm being selected for an exam is mission critical. This collection will help in that effort. You can find our continuously updated news on exams, including priorities, focus areas, peer-proven prep practices, and selection criteria. You can also access document request letters, risk alerts, sweep correspondence and more.




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