Meeting the challenges of a regulatory examination
The SEC examines about one-sixth of all registered investment advisers each year. Regulatory examinations are driven by various factors, such as emerging risks and trends, and responses to tips, complaints and referrals.
The SEC’s Office of Compliance Inspections and Examinations (OCIE) has made it clear that they intend to examine advisers who are newly registered, have never been examined, or have not had a recent examination. An examination involves a deep and thorough review of an adviser’s operations, compliance arrangements and recordkeeping, so it’s advisable to be prepared for a visit.
An SEC exam puts your investment and operational processes under intense scrutiny. Would you be ready for one? Bovill’s mock exam prepares you for the real thing.