On January 7, 2020, the Office of Compliance Inspections and Examinations (“OCIE”) released its 2020 Examination Priorities Report (the “Report”). The 2020 Report was released later than expected after the previous year’s early release in December 2018 (for the 2019 Report). It appears that the SEC is still playing “catch up” on its 2019 agenda,…
On November 7, 2019, the Office of Compliance Inspections and Examinations (OCIE) issued a Risk Alert (the “Alert”) on findings from fund examinations. The Alert covered findings from routine fund exams as well as recent targeted exams of money market funds (Money Market Fund Initiative) and target date funds (Target Date Fund Initiative). The data…
On September 4, 2019, the Office of Compliance Inspections and Examinations (“OCIE”) released a Risk Alert (the “Alert”) on the results of examinations of investment advisers where issues regarding principal and agency cross transactions were discovered. The Alert described common deficiencies found generally, and at private fund firms, specifically. The findings discussed come from examinations…
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…
The Office of Compliance Inspections and Examinations (“OCIE”) issued a brief Risk Alert ( the “Alert”) on May 23, 2019 describing how firms can successfully manage and store electronic records in a safe and secure manner. The Alert was based upon recent SEC examinations of both investment advisers and broker-dealers and is meant to address…