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ARTICLE · 02 MARCH 2023

SEC 2023 Examination Priorities

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On February 7, the Securities and Exchange Commission's (SEC) Division of Examinations (Division) published its examination priorities for 2023.1 According to this statement, the Division's mission...

United StatesCorporate/Commercial Law
James Brady
James Brady
Christian Hennion
Christian Hennion
Richard Marshall
Richard Marshall
Paul McCurdy
Paul McCurdy
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On February 7, the Securities and Exchange Commission's (SEC) Division of Examinations (Division) published its examination priorities for 2023.1 According to this statement, the Division's mission is to promote compliance, prevent fraud, monitor risk and inform policy.

The Division noted that in fiscal year 2022, the Division examined approximately 15 percent of all registered investment advisers (RIAs). The Division stressed, that moving forward, increased examinations can only be achieved with "significant investments in human capital and technology resources." This statement raises the possibility that, in the future, the Division may recommend a significant increase in resources devoted to adviser inspections, such as through the creation of a self-regulatory organization.

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