This year, the SEC said its examination priorities will cover a wide range of issues at financial institutions.
Among them, increased oversight of investment advisers and investment companies, broker-dealers, clearing agencies, exchanges and other self-regulatory organizations, hedge funds, private equity funds, and transfer agents.
“We are publishing these priorities to highlight areas that we perceive to have heightened risk,” said Andrew Bowden, director of the SEC's Office of Compliance Inspections and Examinations.
The examination priorities address market-wide issues and those specific to particular business models and organizations, the SEC said.
The market-wide priorities include fraud detection and prevention, corporate governance and enterprise risk management, technology controls, issues posed by the convergence of broker-dealer and investment adviser businesses and by new rules and regulations, and retirement investments and rollovers, according to the agency.
The SEC said the priorities listed for 2014 were selected by senior exam staff and managers and other SEC divisions and offices in consultation with the chair and other commissioners based on a variety of information and risk analytics, including tips, complaints and referrals, including from whistleblowers and investors and information reported by registrants in required filings with the SEC.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
