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ARTICLE · 14 JANUARY 2016

Liquidity Controls, ETFs Among SEC's Examination Priorities For 2016

Herbert Smith Freehills Kramer LLP
Herbert Smith Freehills Kramer LLP
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The SEC released its Office of Compliance Inspections and Examinations' (OCIE) 2016 examination priorities, which include such new areas as liquidity controls, public pension advisers...

United StatesFinance and Banking
George Silfen
George Silfen
Ronald Feiman
Ronald Feiman
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The SEC released its Office of Compliance Inspections and Examinations' (OCIE) 2016 examination priorities, which include such new areas as liquidity controls, public pension advisers, product promotion, as well as ETFs and variable annuities. The priorities also reflect an ongoing focus on protecting investors in risk areas such as cybersecurity, microcap fraud, fee selection and reverse churning. The priorities address issues across several financial institutions, including investment advisers, investment companies, broker-dealers, transfer agents, clearing agencies and national securities exchanges.

Areas of examination include:

  • Protecting Retail Investors - OCIE will continue several 2015 initiatives to assess risks to retail investors seeking information, advice, products and services to help them plan for and live in retirement. It also will undertake examinations to review ETFs and ETF trading practices, variable annuity recommendations and disclosure, and

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