DOE Risk Alerts

EXAMS staff observed potential failures to conduct a reasonable investigation into an investment

P&Ps untried, untested, Commission warns in new risk alert

Errors that examiners spotted included use of inaccurate percentages to calculate fees, use of an incorrect or outdated fee schedule, double-billing of fees, not adjusting ...

DOE encourages advisers to review routinely, refine, and improve, as appropriate, their fee billing policies, procedures, and practices and address new risks as they are ...

The purpose of this Risk Alert is to raise awareness of certain compliance issues the Division observed while conducting examinations of advisers providing, or claiming ...

Below are examples of deficiencies or weaknesses observed by the staff related to funds’ and their advisers’ compliance programs for portfolio management and other business ...

The most embarrassing evidence examiners uncovered was firms that prohibited such trades yet were unaware that “these trades had occurred.” The risk alert encourages best ...

Examiners found deficiencies related to inadequate disclosures and compliance programs that failed to measure up. For instance, some advisers didn’t monitor “the trading activity in ...

Nearly two-thirds of the examined advisers received staff-issued deficiency letters, which addressed the staff’s observations regarding a variety of topics. However, the vast majority of ...

Advisers did not monitor the trading activity in clients’ accounts or their monitoring activities were ineffective