New Risk Alert on Supervision and Conflicts

On July 23, 2019, the Office of Compliance Inspections and Examinations (“OCIE”) released a Risk Alert (the “Alert”) on the results of examinations of investment advisers focused on compliance, supervision, and conflicts. The Alert described both common deficiencies and best practices found during 50 examinations conducted in 2017 as part of OCIE’s Supervision Initiative. The initial focus of the exams was to review retail firms that employed individuals with disciplinary histories. However, OCIE also reviewed…

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