Keeping Up With The SEC's Enforcement Priorities

By Jack Yoskowitz and Laura Miller (May 26, 2017, 10:51 AM EDT) -- For investment advisers and their counsel, keeping apprised of the U.S. Securities and Exchange Commission's current enforcement priorities is crucial to both preventing and defending against potential adverse actions. To some extent, these priorities may be divined from the SEC's self-reported enforcement data, which provides a high-level overview of enforcement actions brought by the commission in the prior fiscal year.[1] Firms and counsel may also wish to review the examination priorities issued annually by the SEC's Office of Compliance Inspections and Examinations, which identify areas believed to "present potentially heightened risk to investors and/or the integrity of the U.S. capital markets," and which are selected in consultation with the SEC's enforcement division, among others.[2] In 2017, for example, the OCIE announced its intent to focus on areas such as electronic investment advice, money market funds, and financial exploitation of senior investors.[3]...

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