SEC Announces Exam Priorities For 2014

Are you ready for the SEC in 2014? The agency released information about its focus areas for 2014. In addition to continuing its Presence Exam initiative focusing on private fund advisers, the SEC also plans to devote more attention to “never-before examined advisers” – those non-private fund advisers who have been registered for more than three years without being examined. Ascendant’s Korrine Kohm discusses these and other examination priorities of the SEC for 2014. Find out what to expect in order to be prepared. You can download the Exam Priorities by clicking the following links:
SEC National Exam Program Examination Priorities 2014: http://www.sec.gov/about/offices/ocie/national-examination-program-priorities-2014.pdf
FINRA 2014 Regulatory and Examination Priorities Letter: http://www.finra.org/web/groups/industry/@ip/@reg/@guide/documents/industry/p419710.pdf

Listen to the podcast below:

You can also download this podcast by right clicking here and selecting save as.

Recent ComplianceCasts™

Recent ComplianceCast™ Minutes

Related Content

Latest Content

SEC Retail Investor Focus Turns Towards Registered Investment Companies

Earlier this year when the SEC’s Office of Compliance Inspections and Examinations (“OCIE”) announced its 2018 examination priorities, OCIE stated that a core priority was to protect retail investors, including seniors and individuals saving for retirement. OCIE is now continuing this effort by focusing on mutual funds and exchanged-traded funds (together, the “Funds”) as the … Continued

SEC Alerts Investment Advisers to Review Solicitor Arrangements

On October 31, OCIE issued a new Risk Alert for investment advisers with solicitor arrangements. The SEC periodically releases risk alerts to notify the industry of deficiencies they are finding during examinations, and this latest alert puts investment advisers with solicitor arrangements on notice to check their solicitor agreements, policies and procedures, and disclosure documents. … Continued

Pennsylvania Sounds Warning Bell Over Client Credentials and Custody

The Pennsylvania Department of Banking and Securities (PDOBS) has indicated in recent guidance two concerns related to investment advisers using client credentials to access a custodial account(s). In the letter dated September 25, 2018, PDOBS indicates that the use of client credentials may create custody and is considered to be a dishonest and unethical practice. … Continued

San Diego 2018 Conference Gallery

Ascendant/CSS San Diego Conference Another compliance conference is in the books. We had a great time in San Diego, and we think our attendees did, too. We hope to see you in Miami! (Click on photos to view full size.)  

Advertising Issues: SEC and GIPS Performance in the Private Fund Space

Over a year ago, OCIE released the Risk Alert, “The Most Frequent Advertising Rule Compliance Issues Identified in OCIE Examinations of Investment Advisers.” While the alert highlighted several areas where performance advertising is involved, our recent CSS/Ascendant conference panelists in a session entitled “Best Practices for SEC and GIPS Performance in the Private Fund Space” … Continued

Mailing List

Subscribe to the Ascendant Compliance email list for the latest compliance resources, conferences, ComplianceCasts™, and more.

Loading form...

Contact Us

Ascendant works together with clients to identify and assess critical needs through customized plans. If you need assistance with compliance functions, regulatory services, cybersecurity or technology tools, we’d love to speak with you.