SEC reveals its examination strategy
FrontLine Compliance
The SEC recently released a Risk Alert (“the Alert”) from the Division of Examinations on how it goes about selecting firms for examination. This is a first of its kind Alert since traditionally the Staff has not released its examination strategy and registrant selection process. The Alert even includes a chart that shows the items on its initial document request letter to registered advisers.
The goals of the Division of Examinations are to:
Promote compliance…
