SEC3 analyzes the SEC’s fiscal year 2027 examination priorities, highlighting key focus areas including fiduciary conflicts, private fund practices, emerging AI technologies, and compliance program testing for investment advisers.
As we look back on the SEC’s actions in 2024, we wanted to share our thoughts on lessons learned that we believe will carry through to 2025.
Many private fund managers are breathing a sigh of relief after the Fifth Circuit struck down the Private Fund Rules (check out our blog post
The 2022 Examination Priorities (“2022 Priorities”) covered many areas of compliance risk under the “focus area” headings.
As mentioned in our September 27th Communique, the SEC has started to send a letter to all newly registered advisers of private funds. The letter
For your reading pleasure, we present a list of tips for surviving a routine SEC Examination. This list has been compiled by SEC3 employees including
The National Examination Program (“NEP”) of the Office of Compliance Inspections and Examinations (“OCIE”) of the Securities Regulation Commission (“SEC”) currently stresses a risk-based approach
Office of Compliance Inspections and Examinations Process Overview. {Jscribd document_id:=100439931 access_key:=key-18h0yrqm38m1g9wphes7 viewmode:=List h:=500 w:=690} SECCC
An example of recent SEC Long form and SEC Short form SEC Examination Information Request Lists. {Jscribd document_id:=100439939 access_key:=key-el9esebxz7069girf6b viewmode:=List h:=500 w:=690} SECCC
The SEC seems to be initiating a trend and “pre-screening” managers. An April document request letter to a number of Chicago based advisers offers some insight into