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ARTICLE · 27 DECEMBER 2018

SEC Issues Risk Alert On Adviser Personnel's Use Of Electronic Messaging

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On December 14, 2018, the SEC's Office of Compliance Inspections and Examinations ("OCIE") issued a Risk Alert to share its observations from a recent exam initiative.

United StatesWealth Management
Ropes & Gray LLP'S Asset Management Practice
Ropes & Gray LLP'S Asset Management Practice
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On December 14, 2018, the SEC's Office of Compliance Inspections and Examinations ("OCIE") issued a Risk Alert to share its observations from a recent exam initiative that focused on investment adviser personnel's use of electronic messaging for business purposes. OCIE's examination initiative specifically highlighted whether and to what extent advisers complied with the relevant rules – including Rule 204-2 (the "Books and Records Rule") and Rule 204-2(a)(11) (the "Advertisements Recordkeeping Rule") – and whether advisers had adopted and implemented relevant policies and procedures to comply with their obligations under the Books and Records Rule and the Advertisements Recordkeeping Rule.

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