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ARTICLE · 16 JANUARY 2014

SEC And FINRA Examination Priorities For 2014

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Each year, the U.S Securities and Exchange Commission and the Financial Industry Regulatory Authority release priorities for the SEC’s examinations of investment advisers and investment companies and FINRA’s examinations of broker-dealers.

United KingdomFinance and Banking
Harvey Knight
Harvey Knight
David Guin
David Guin
Kirsten Lapham
Kirsten Lapham
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Each year, the U.S Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) release priorities for the SEC's examinations of investment advisers and investment companies and FINRA's examinations of broker-dealers. On 9 January, the SEC released its list of examination priorities for 2014, which include, among others:

  • investment advisers that have never been examined before;
  • wrap fee programs that investment advisers recommend to their clients;
  • investment advisers' use of quantitative trading models;
  • investment advisers' payments to distributors and intermediaries;
  • investment advisers' compliance with rules governing the custody of client assets;

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