The SEC Office of Inspector General (OIG) has released yet another report citing concerns in the SEC’s Office of Compliance, Inspections & Examinations (OCIE). The SEC was cited for not coordinating with Enforcement or other departments when selecting firms to examine. OCIE is to develop procedures for sharing tips, complaints, disciplinary history and violations by investment advisers with other SEC departments in order to strengthen internal communications and properly identify high-risk firms. A new database is currently being developed that would allow for the sharing of information and provide for the centralized dissemination of information to examiners and enforcement staff.

View new SEC OIG Report

FrontLine Compliance, LLC is a regulatory compliance consulting firm of former high-level regulatory insiders offering customized services to broker-dealers, investment advisers, investment companies, hedge funds, and insurance company affiliates. Staffed by former SEC and FINRA regulators, and chief compliance officers, FrontLine Compliance provides the kind of industry knowledge, experience and expertise on regulatory issues only available from well-seasoned insiders. For more information about the firm, please visit www.frontlinecompliance.com.

FrontLine Compliance, LLC
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www.frontlinecompliance.com
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