It can be daunting for you and your firm to have to undergo an SEC examination. The reality is that at any given moment the SEC’s Office of Compliance Inspections and Examinations (“OCIE”) can walk through your doors unannounced. In 2018 alone, the SEC completed over 3,150 examinations, representing a 10% increase over 2017.
Is Your Firm Next?
The probability that your firm will be examined increases each year. The financial and reputational costs could be significant if you fail to prepare, including possible exposure to your firm and individuals if examiners uncover anything they think seems unusual.
OCIE’s 2019 priorities focus on supervision, digital assets, cybersecurity, and other matters of importance to retail investors, including seniors and those saving for retirement, fees, expenses, conflicts of interest and anti-money laundering programs. Additionally, the SEC recently approved Regulation Best Interest, and companies are now working on their implementation plans.
Bates Compliance Solutions helps RIA firms with SEC exam preparedness and with your ongoing or discrete compliance needs. Whether your firm is subject to a routine or for-cause examination or an industry-wide sweep, Bates stands ready to help your investment adviser or hybrid firm with deep compliance expertise at more than competitive rates. Specifically, Bates can assist in the following ways:
Bates Compliance Solutions helps RIA firms with SEC exam preparedness and with your ongoing or discrete compliance needs. Whether your firm is subject to a routine or for-cause examination or an industry-wide sweep, Bates stands ready to help your investment adviser or hybrid firm with deep compliance expertise at more than competitive rates. Specifically, Bates can assist in the following ways:
Bates Compliance Solutions also offers various levels of project-based and ongoing support, which can be tailored to the needs of each RIA throughout the year:
Please contact us today to discuss SEC examination readiness and your compliance consulting needs.
Very truly yours,
Rory O’Connor, Director, Compliance Consulting
Direct: (860) 671-7270
Email: roconnor@batesgroup.com
If you would like to join IBDC-RIAC Alliance Members at the April 10, 2024 Yankees vs Marlins baseball game, Yankee Stadium 7:00 pm, please send Lilian Morvay a message at: Lilian@IBDCconsulting.com and she will send you an invitation.
The following IBDC-RIAC Alliance Members will be your hosts: