January 16, 2020 Comments Off on OCIE Publishes 2020 Examination Priorities — Key Areas for Investment Advisers
As part of its annual identification of examination priorities, the SEC’s Office of Compliance Inspections and Examinations (OCIE) listed several areas of focus relevant to investment advisers.
OCIE repeated is policy of conducting risk-based examinations for registered investment advisers with a policy to target RIAs that have never been examined — both newly registered RIAs as well as RIAs registered for several years that have yet to be examined.
An additional focus will be examinations of RIAs with retail investors as well as private funds. This continues an emphasis on protecting retail investors generally through reviewing disclosures relating to fees, expenses, and conflicts of interest.
Additional areas of priority include information security risks and anti-money laundering programs.
- SEC Press Release (January 7, 2020): https://www.sec.gov/news/press-release/2020-4
- Office of Compliance Inspections and Examinations 2020 Exam Priorities: https://www.sec.gov/about/offices/ocie/national-examination-program-priorities-2020.pdf