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Cybersecurity Reports and Advisories

On February 3, 2015, the Securities and Exchange Commission (SEC) released its Cybersecurity Examination Sweep Summary. They recently examined 57 registered broker-dealers and 49 registered investment advisers to better understand how broker-dealers and advisers address the legal, regulatory, and compliance issues associated with cybersecurity. The summary provides observations from the examinations conducted under the Cybersecurity Examination...
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SEC and FINRA Release Exam Priorities

On January 13, 2015, the Securities and Exchange Commission announced its Office of Compliance Inspections and Examinations’ (OCIE) Examination Priorities for 2015 which focus on three areas: protecting retail investors, especially those saving for or in retirement; assessing market-wide risks; and using data analytics to identify signs of potential illegal activity. While on January...
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