Examinations: Best Practices

The annual review this year at Sectoral Asset Management in Montreal took longer and was more detailed than usual. One reason: CEO/CCO Jerome Pfund tried ...

A portfolio manager has been barred by the SEC from the industry for one year in a case that illustrates how far awry events can ...

Even though the Bernard L. Madoff Investment Securities firm was primarily a broker-dealer operation, the SEC's embarrassment over the scandal has led to a "backlash" ...

You can download a couple of new SEC document request letters. One is a 17-page document that originated in the SEC's San Francisco regional office. ...

Many of your compliance peers have expressed outrage at the SEC's newest exam tactic - reaching out to advisory clients as a means to confirm ...

Custody may top the list of topics currently drawing examiner interest but it doesn't represent the lone change to exams."We're much less predictable than we ...

You'd go a long way toward satisfying the SEC during an exam if you concentrated on (1) disclosures (2) custody (3) the accuracy of your ...

If a trader produces more than one trade error a week or if a specific client's account suffers multiple trade errors within a few days, ...

Reports from across the country describe a pattern of almost frenetic activity by SEC examiners visiting investment advisory firms in recent weeks. The top issues ...

If you get a call from someone purporting to be an SEC examiner asking for documents for an "emergency" exam, ask for the caller's name, ...