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Bates Group Prepares Investment Adviser Firms for SEC Examinations and Provides Compliance Support

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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 Group Helps RIA Firms Prepare for Exams and Provides Compliance Support

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:

  • Client Relationship Summary (“CRS”)
  • Mock Examinations
  • Books and Records Reviews
  • Form ADV and Supplements
  • Registrations
  • Disaster Recovery
  • Business Continuity
  • Best Execution
  • Seniors and Retirement Accounts
  • Compliance Outsourcing
  • Outsourced CCO Services
  • Annual Review
  • Annual Amendment Filings

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: 

  • Investment Adviser Registration
  • State Registration Services
  • Form U4/U5 Filings – Form ADV 2B Supplements
  • Annual Regulatory Filings
  • Regulatory Examination Preparations and Oversight
  • Marketing Reviews
  • Customized Policies and Procedures Manual
  • Rule 206(4)-7 Annual Review
  • Risk Assessments/Gap Analysis
  • Mock Examinations
  • Compliance Program Development and Maintenance
  • Compliance Outsourcing
  • Outsourced CCO Services

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