Last week I wrote about FINRA’s 2014 exam priorities.  This week, the SEC announced its 2014 examination priorities covering a number of topics important to investment advisers, investment companies, broker-dealers, clearing agencies, exchanges and other self-regulatory organizations, hedge funds, private equity funds, and transfer agents.  While the SEC makes clear the list is not exhaustive, areas that firms will see heightened scrutiny include fraud … Read more

Advisers are reminded the SEC’s annual compliance outreach program National Seminar will be held on January 30, 2014, at its headquarters in Washington, D.C.   Investment adviser and investment company senior officers, including chief compliance officers (CCOs) are invited to register and attend. This year’s agenda will likely include panel discussions with SEC staff from the Office of Compliance … Read more

The SEC has announced its schedule for the  upcoming Compliance Outreach Program regional seminars to be held in Chicago, New York, Atlanta and San Francisco.   Investment adviser and investment company senior officers, including chief compliance officers (CCOs) are invited to register and attend.  The first meeting will occur in Chicago on August 28.   This years’ Compliance Outreach Program, which started off  in … Read more

A Resolution for Advisers and CCOs: The (New Year’s) Annual Review

It’s a New Year!  And for advisers it’s again time for a new year’s resolution, only this kind of resolution is not voluntary.  Like holidays, it comes once a year, and while the responsibility for it falls on the adviser, the obligation to ”administer” (or the commitment to follow our new year’s theme) falls on the Chief Compliance Officer - it’s called the Annual Compliance Review.  Further, consider it … Read more

With a renewed focus on analytics and more readily available data, expect the SEC’s scrutiny of investment advisers, including advisers to mutual funds, hedge funds, and private equity funds, to get  tougher. In December, in a speech before the Consumer Federation of America’s Financial Services Conference, the SEC’s Director of Enforcement, Robert Khuzami, once again emphasized many of the organizational … Read more