ORLANDO - Be prepared to get to know your Securities and Exchange Commission compliance officers better. The SEC plans on making longer and, perhaps, more frequent compliance examinations.

Lori Richards, director of the SEC's Office of Compliance Inspections and Examinations, made the warning when outlining the division's top priorities at the 2002 Mutual Funds and Investment Management Conference, which the Investment Company Institute and the Federal Bar Association held here last month. Richards attributed the heightened scrutiny to the rash of new mutual fund rules that the SEC has recently implemented.

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