Although the examination and enforcement priorities of the US Securities and Exchange Commission (“SEC”) may be in flux given imminent personnel changes under the Trump administration, the SEC’s Office of Compliance Inspections and Examinations (“OCIE”) announced examination priorities for 2017. We do not expect material changes to these areas of focus for OCIE staff during 2017 examinations of SEC-registered investment advisers and broker-dealers. The Financial Industry Regulatory Authority (“FINRA”) also released a list of examination priorities for 2017 for its broker-dealer member firms. This Legal Update explores OCIE and FINRA examination priorities, which advisers and broker-dealers should keep in mind now.
Downloads –