OCIE 2020 Examination Priorities Released

OCIE has announced its 2020 exam priorities as part of its risk-based approach to protecting investors. As in the past, key risk areas that are prioritized impacting SROs, clearing firms, investment advisers and other market participants include:

  • Retail Investors, Including Seniors and Those Saving for Retirement
  • Market Infrastructure related to capital markets, including clearing agencies, national securities exchanges, alternative trading systems and transfer agents
  • Cyber and information security risks
  • Examining RIAs, including investment companies, ETFs, private funds that have never been examined, including new RIAs and RIAs never examined and oversight practices of their boards of directors
  • AML requirements
    Fintech and innovation, including digital assets and electronic advice
  • Oversight of FINRA and MSRB operations, programs and their examinations of broker-dealers and municipal advisors

OCIE makes clear that the above risk areas is not exhaustive and will be dependent on risk-based approaches employed by OCIE and its staff. A copy of the 2020 exam priorities can be found here.