New SEC Examination Initiative

Regulatory Compliance Association – February 21, 2014

On February 19th, the SEC announced that OCIE launched an initiative targeting “never-examined” Fund Managers & RIAs.

The thrust of this Initiative is to “examine a “significant percentage” of Advisers”, which have eluded a comprehensive inspection since their registration. These detailed examinations will include a complete inspection of the Adviser’s:

  • Compliance Program
  • Filings and Disclosure
  • Marketing
  • Portfolio Management
  • Safekeeping of Client Assets