SEC to Scrutinize Never-Examined Investment Advisers


The Securities and Exchange Commission (SEC) recently issued two important announcements regarding its examination of SEC-registered investment advisers. In January 2014, the SEC’s Office of Compliance Inspections and Examinations (OCIE) announced the 2014 examination priorities for its National Examination Program (NEP). In sum, the NEP staff will focus on new and emerging issues and initiatives such as processes related to wrap fee programs, reliance on quantitative trading strategies, and payments made to distributors and intermediaries. The NEP will also continue to concentrate on core areas such as custody of assets, conflicts of interest, and marketing...

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Topics:  Investment Adviser, NEP, OCIE, SEC

Published In: Administrative Agency Updates, Finance & Banking Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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