Examinations: Best Practices

“You never get a second chance to make a great first impression.” That age-old adage certainly applies to an SEC exam. From the moment examiners ...

The biggest mistake advisers make during an SEC exam is not listening carefully to what examiners are asking, according to Michelle Jacko, managing partner of ...

Consultants performing mock exams are dialed in to the SEC’s most recent document request letters and the regulator’s specific records sought (IA Watch, Aug. 11, ...

This is the Dodd-Frank provision that supposedly limits the SEC's Enforcement Division to act on an investigation within 180-days of a Wells action. However, the ...

The trial run mimics a real exam, with the goal of fixing issues before the real examiners come in

IA Watch has obtained a recent SEC document request letter that highlights examiners' questioning of wrap fee program sponsors. As we reported last month, step-out ...

IA Watch has learned that the SEC has contracted with a Tennessee company to ease the process of examiners verifying client assets at investment advisers. ...

The small Midwest adviser had never been examined by the SEC, until recently."I was absolutely terrified," says the CCO, who also wears other hats within ...

A common best practice repeated about a CCO's role during an SEC exam is to sit in on each examiner's interview with a staffer. But ...