By John I. SandersEach year, the SEC’s Office of Compliance Inspections and Examinations (the “OCIE”) releases its priorities for the upcoming year. For regulated entities such as investment companies and investment advisers, the release of the OCIE’s priorities is highly significant. The reason, simply put, is that your regulator’s priorities must also be your own priorities. Among the OEIC’s newly-released examination priorities for 2017 are the following:[i]
- Never-Before Examined Investment Advisers
- Cybersecurity compliance procedures and controls
- Robo-advisors’ marketing, recommendation formulation, and security procedures
- ETF exemptive relief compliance, sales practices, and risk disclosures
- Elder abuse detection and prevention practices
- Money market funds’ compliance with the newly effective rules
- FINRA oversight
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