SEC to Step Up Reviews of New and Unexamined Advisors

WASHINGTON -- The SEC is putting advisors on notice that its examiners will cast a wide net in their reviews of investment advisors over the coming year, identifying a litany of priorities that includes probing for fraudulent activity, conflicts of interest and paying a visit to advisors who have never been examined before.

Get access to this article and thousands more...

All Financial Planning articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, blog discussions, the iPad App, CE Exams, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our daily or weekly e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and growth strategies.

Already Registered?

Comments (2)
Hurray for OCIE thinking irrationally big. This sounds like a meritorious plan when you say it real fast. Who are they trying to fool? The SEC hasn't been able to do this for over 30 or so years. Where is the SEC going to get the STAFF to do these exams? Wake me up after this is over.
Posted by James P | Friday, January 10 2014 at 4:40PM ET
@James P: Thank goodness they're not able to do it! This isn't needed regulation; it's a witch hunt. It's this administration trying to get into everyone's pocket and to strip power from anyone who isn't a central government entity. It has absolutely nothing to do with consumer protection, just as with any regulatory action coming from the BO nightmare.
Posted by ROB D | Tuesday, January 14 2014 at 8:02PM ET
Add Your Comments:
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.

Already a subscriber? Log in here