SEC Examinations

Broker-dealer compliance officers have been handed a scoresheet for preparing for SEC exams checking on compliance with Reg BI via a new statement from the ...

"Failure to have adequate written policies and procedures and failure to have adequate supervisory and compliance oversight may indicate recurring issues in complying with Regulation ...

The Division’s new name reflects the important role that its expert staff play in support of the SEC’s mission to protect investors, maintain fair, orderly, ...

The Division’s new name reflects the important role that its expert staff play in support of the SEC’s mission to protect investors, maintain fair, orderly, ...

Lesson: Communicate with the entire team. Some examiners may be left out of the communications chain given they’re all working virtually

Keep your documentation of employee compliance training. Examiners asked for it, as well as a list of all principal transactions, cross trades and any loans ...

Compliance program rule issues perennially found on OCIE's "Top 5" deficiencies list

Advisers were encouraged to gather their business staff with compliance so that everyone “understands all of the revenue sources” coming into a firm

“We cannot overstate a firm’s continued need to assess whether its compliance program has adequate resources to support its compliance function. Resources means a lot ...

"We notice on exams when firms hire someone for the role to check the box but do not support or empower them.  We notice when ...