Source: "Financial Services Institute: First Annual Public Policy Day," a speech by Lori Richards, director, SEC
Office of Compliance Inspections and Examinations, October 13, 2004.
WITH INCREASING NUMBERS OF CPAs OFFERING investment services, more are registering with the SEC as investment advisers and facing field examinations from the SEC Office of Compliance Inspections and Examinations (OCIE).
The SEC Office of Compliance Inspections and Examinations (OCIE), as well as many state regulatory agencies, operates a proactive compliance program covering various securities industry participants--including investment advisers.
Common Mistakes In recent examinations of investment advisers by the SEC Office of Compliance Inspections and Examinations (OCIE), the most common deficiencies concerned * Form ADV/brochure.
The Office of Compliance Inspections and Examinations says the list of most frequently identified compliance failures were sent to SEC-registered advisors via deficiency letters.
Pete Driscoll, chief risk and strategy officer for the SEC's Office of Compliance Inspections and Examinations, will become the acting director.
Snyder and Jarcho, who was also named deputy director of the SEC's
Office of Compliance Inspections and Examinations in February, will oversee more than 520 lawyers, accountants and examiners responsible for inspections of SEC-registered investment advisors and investment companies.
The SEC also announced Wednesday that Jane Jarcho, national director of investment advisor exams, has been named deputy director of the agency's
Office of Compliance Inspections and Examinations.
The SEC's
Office of Compliance Inspections and Examinations, in coordination with the SEC's Office of Municipal Securities, is partnering with FINRA and the MSRB to sponsor the program.
