BROKER-DEALER -

SEC Announces Creation of Office of Risk and Strategy -

On March 8, the Securities and Exchange Commission announced the creation of the Office of Risk and Strategy (ORS) within the SEC’s Office of Compliance Inspections and Examinations (OCIE).

OCIE conducts the SEC’s National Examination Program through risk-based examinations of SEC-registered investment advisers, investment companies, broker-dealers, municipal advisors, self-regulatory organizations, clearing agencies and transfer agents. ORS is expected to lead the National Examination Program’s risk-based and data-driven approach and to develop new tools and techniques to strengthen OCIE’s risk analysis, surveillance and strategic abilities.