Chicago partner Jim Lundy, Florham Park partner Sandy Grannum, Los Angeles partner Fred Reish and Florham Park associate Jamie Helman authored “Examining SEC’s 2018 Exam Priorities,” republished in Law360. The article originally appeared on the firm’s Broker-Dealer Regulation & Litigation Insights Blog.
The SEC’s Office of Compliance Inspections and Examinations (OCIE) recently released its 2018 National Exam Program Examination Priorities, which includes greater transparency and guidance, more than doubling the information provided in last year’s edition. Though the letter does not address potential issues resulting from the rulemaking of the commission with regard to the development of a fiduciary standard, it seems clear that greater protection of retail investors is a high priority for the agency.
The article details some of the primary issues OCIE touches on in its letter, including retail investors, retirement accounts, cybersecurity, and anti-money laundering programs.