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Examinations: Best Practices

Be aware that examiners may question your logic for placing clients in certain share classes
Karen Huey of Professional Compliance Assistance in Woodstock, Ga., gives us permission to share with you her 18-point guide to an on-site exam by OCIE.
Get the jump on your next exam
OCIE Exam Priorities - Regulatory Compliance Watch
Summertime and the living is easy, but that’s not why this is an exciting time for the SEC’sAlicia Tate. “It’s my favorite time of year,” ...
Surprises are certainly the enemy of compliance. Given that staff interviews are a growing staple of most SEC exams, conducting mock interviews with key personnel ...
OCIE Exam Priorities - Regulatory Compliance Watch
Similar to about 40% of advisers, the firm indicated on its Form ADV, Part 1 that it has custody. But when OCIE examiners showed up ...
The recent NFA exam of a CPO adviser in the south went swimmingly, according to the firm’s CCO. One reason may be because the firm ...
A glance at a recent OCIE document request letter leaves no doubt of examiners’ interest in advisory fees. This isn’t a state secret given the ...
IA Watch has obtained a copy of an Excel file demonstrating the trade blotter format OCIE would like firms to submit during an SEC exam. ...
Seeing continued “problematic” cybersecurity practices in its examination and risk monitoring program, FINRA has stepped in with a new report detailing “effective practices” it has ...
FINRA has again delivered an early holiday present for the brokerage industry in the form of the SRO’s 2018 Report on Examination Findings. The second ...
The SEC has upped its game with respect to investment adviser examinations given the ever-increasing number of registered IAs and one of its commissioners is ...
As OCIE demonstrated recently with its cash-solicitation risk alert (IA Watch, Oct. 31, 2018), advisers often fail to show they’ve done due diligence to ensure ...
No one’s surprised to learn that OCIE will check to see if an adviser is charging proper fees. What might astonish is that a lot ...
If you manage a mutual fund, get ready. IA Watch has learned that OCIE has launched an initiative probing advisers of registered funds – and ...
Those 13 lucky advisers that recently settled SEC enforcement actions for failing to file required Form PFs haven’t yet shaken the agency (PF Watch, June ...
OCIE’s interest in performance advertising reaches into its exams of private equity fund advisers, too.   For instance, you don’t want to say that you ...
The question came up recently: Could an adviser tape record SEC examiner interviews with staff?   “I understand why somebody would want to” tape examiner ...
After the offices of his private attorney were raided by authorities, President Trump stated that attorney-client privilege is dead in the U.S.   You’ll find ...
Janaya Moscony of SEC3 Compliance Consultants in New York permits us to share with you her 37 tips for preparing for an SEC exam.
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