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This letter goes beyond 12b-1 fees to look at broader "revenue sharing."
OCIE chalked up more than 2,000 IA exams in FY 2018, visiting 17% of all firms. These numbers may be out of reach in FY ...
If your firm was being examined or about to be when the government shutdown in late December, expect that OCIE will be reaching out soon ...
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. ...
The New Year starts with advisers facing OCIE exams left wondering what they should do. And they’re not alone.  Marlon Paz used to work at ...
Predictions that OCIE would put out its 2019 exam priorities before 2018 ended proved true (IA Watch, Nov. 13, 2018), as did prognostications that they ...
OCIE encourages advisers to review their risks, practices, policies, and procedures regarding electronic messaging and to consider any improvements to their compliance programs that would ...
In recognition that the way the world communicates has changed, OCIE has released its 5thrisk alert of the year. It features observations examiners culled from a ...
The goal for FY 2018 was for OCIE to examine 15% of IAs. Instead, examiners achieved examining 17% of the IA universe in the federal ...
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 ...
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 ...
If you’re an adviser to a mutual fund, then OCIE’s 4thrisk alert of 2018 is for you.   The four-page alert, released Nov. 8, lays ...
Examiners intend to focus on certain mutual funds and exchange-traded funds, the activities of their advisers, and boards of directors’ oversight. Examinations will target circumstances ...
A good day for a compliance examiner is helping a firm identify issues and working with that firm to correct those issues in an efficient, ...
One of the top methods firms use to help ensure they’re exam-ready is to hire a vendor to conduct a mock exam (IA Watch, Aug. ...
Pour your trade blotter into Excel and you can knock out a series of quick compliance tests. You could examine for brokerage allocations, eye personal ...
OCIE’s second risk alert of the year has hit the street and it includes a litany of actions to avoid if you wish to skip ...
The Office of Compliance Inspections and Examinations (“OCIE”) is issuing this risk alert to provide investment advisers (“advisers”), investors and other market participants with information ...
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 ...
You hear it so often it could be a commercial’s refrain: “culture of compliance.” But what exactly does that phrase mean?  Steve Levine, associate regional ...
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