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Limit video calls with examiners to 45-60 minutes because “people get tired” during these calls
A simple bank error and a malicious employee put a Silicon Valley venture capitalist at the center of what has now become a multi-count criminal ...
“We didn’t anticipate that this would go on as long as it has,” OCIE Director Peter Driscoll said
A former SEC examiner, once facing decades behind bars on accusations that he leaked secrets of ongoing investigations to sweeten his job prospects, has agreed ...
Any CCO should sit in on employee video calls with the SEC, just as a compliance officer—or other firm examination liaison—should be in the room ...
The firm was asked to hand over everything from a list of retail customers to fee “grids or schedules” to information on any “bonuses or ...
The SEC employs more than 4,300 people, with 1,065 attached to OCIE. The FOIA response includes 1,012 names
Document who was involved in the process, the date of a meeting and the result. Commit these items to paper and “your exams are going ...
Investment advisers are already struggling at laying out their firms’ relationship summaries, the SEC says. IAs were required to publish their Form CRS beginning June ...
"As recent events have demonstrated once again, market and operational risks can emerge suddenly. We should be working to increase our ability to react, including bringing ...
Officially, the SEC is suing a South Florida digital investment adviser for failure to maintain and hand over its books and records—including those behind a ...
SEC regulators will examine for “good faith” efforts to comply with the Commission’s new Reg BI rule, OCIE says in a new risk alert. Chairman ...
Examples of the areas the staff may focus on during examinations are discussed below
The OCIE request raises the specter of a long stretch of working from home
OCIE has moved to conducting examinations off-site through correspondence, unless it is absolutely necessary to be on-site
The three allegedly altered and withheld documents after OCIE examiners commenced an exam in 2016
Has your CCO changed in the last year?
The "nebulous nature of such principles allows great latitude to investment advisers”
Be aware that examiners may question your logic for placing clients in certain share classes
The new examiners’ focus: Cybersecurity and standards of conduct for investment advisers and broker-dealers
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