SEC Chairman has bold agenda to ramp up exams; Amy Lynch provides comments (InvestmentNews)

Amy Lynch, Founder and President - FrontLine Compliance
Amy Lynch, Founder and President – FrontLine Compliance

Founder and President Amy Lynch was quoted on the new SEC Chairman’s recent public comments to the Senate Appropriations subcommittee, as related to the SEC’s budget request. SEC Chairman Jay Clayton stated that the SEC is on track to deliver a 20% increase in the number of investment adviser exams for 2017 and expects increasing exams another 5% in 2018. ┬áIn Amy Lynch’s view, the SEC can produce a greater number of exams through increased efficiencies and technologies, allowing for an improved selection of registrants for exams and more varied ways to conduct the exams. See InvestmentNews, “Despite leaner budgets, SEC’s Clayton anticipates a 5% increase in adviser exams next year