SEC Unveils Details of New Advisor Exams

Moving ahead on priorities announced in January, the SEC revealed details regarding its plans to examine advisors who have not been examined before.

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Comments (3)
This is indeed a welcome move to protect the interests of the investor and make the financial advisor more accountable. It will force all of us to have a re look at our systems and reach a conclusion that we have checks in place to address risks faced by our clients.
Posted by KIMMY B | Friday, February 21 2014 at 10:51AM ET
So this means to expect examinations every 3 or so years above the firm's internal examinations...just what we need...these guys show up here because I live in a vacation destination to "fish" for problems...waste three days of my time and find no credible issues that warrant the examination (harassment) ...I know..just have to play by their rules...
Posted by Kenneth K | Thursday, February 27 2014 at 12:22AM ET
Interesting article. Several changes have been made to rules governing funds and it is very important businesses are ready to face the new regulations. I work for McGladrey and there's a new whitepaper "Is your fund prepared for the SEC's heightened regulatory focus?" it offers good information on how businesses can be prepared for this @
Posted by suresh k | Tuesday, March 04 2014 at 4:02AM ET
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