The SEC is examining more RIAs than it has at any point in the past decade. Even so, the thinned agency is struggling to oversee the more than 13,200 firms managing $84 trillion under its purview.
Agency officials have said as much: The SEC’s latest annual performance review cites the notable rise in the share of RIAs receiving exams but also two missed goals around enforcement. This month, the agency’s inspector general took it to task over those findings.
‘Enforcement 40’ for 2020
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedIn