Tag: OCIE

Statement on the Renaming of the Office of Compliance Inspections and Examinations to the Division of Examinations

This year marks 25 years since the creation of the SEC’s Office of Compliance Inspections and Examinations (OCIE). Since its inception, OCIE has grown – in both number (over 1,000) and percentage (23%) of SEC employees – to represent the second largest office or division at the SEC, second in size only to the Division of Enforcement. In that time,…

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Government shutdown crimps SEC exams

If you’re an investment adviser hoping to avoid a Securities and Exchange Commission exam, the partial government shutdown now in its second week is working in your favor. Although the shutdown, which started Dec. 22, proceeded quietly during the holidays, it is now starting to have more visible repercussions. One impact on investment advisers: the SEC appears to have halted…

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The SEC, Cybersecurity, and Registered Investment Advisers: All in the Same Boat Fighting Cybercrime | Insights | Greenberg Traurig LLP

The Office of Compliance Inspections and Examinations (OCIE) of the U.S. Securities and Exchange Commission (SEC) has recently started to examine the capabilities of domestic organizations to fend off attempted cyberattacks and respond quickly to successful ones to ensure the confidence of investors, limited partners, and public markets in general. Since these attacks can be devastating,1 OCIE has created guidelines for…

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Kristin Snyder Named Deputy Director of OCIE

Ms. Snyder has been with the SEC for 15 years.  She has served as the Co-National Associate Director of OCIE’s Investment Company/Investment Adviser examination program since August 2016 and as the Associate Regional Director for Examinations in the SEC’s San Francisco office since November 2011.  She will continue in both of these roles while also assuming this additional leadership role…

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SEC’s OCIE 2018 Areas of Focus

On February 7, 2018 the SEC’s Office of Compliance Inspections and Examinations (OCIE) announced its 2018 National Exam Priorities. The priorities, formulated with input from the Chairman, Commissioners, SEC Staff and fellow regulators, are mostly unchanged from years past (New Year, Similar Priorities: SEC Announces 2017 OCIE Areas of Focus). However, the publication itself is presented in a more formal wrapper…

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SEC Office of Compliance Inspections and Examinations Announces 2018 Examination Priorities

The Securities and Exchange Commission’s Office of Compliance Inspections and Examinations (OCIE) today announced its 2018 examination priorities. OCIE publishes its exam priorities annually to improve compliance, prevent fraud, monitor risk, and inform policy. Of particular interest this year will be matters involving critical market infrastructure, duties to retail investors, and developments in cryptocurrency, initial coin offerings, and secondary market trading. via…

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Statement on Potentially Unlawful Promotion of Initial Coin Offerings and Other Investments by Celebrities and Others

Celebrities and others are using social media networks to encourage the public to purchase stocks and other investments.  These endorsements may be unlawful if they do not disclose the nature, source, and amount of any compensation paid, directly or indirectly, by the company in exchange for the endorsement.  The SEC’s Enforcement Division and Office of Compliance Inspections and Examinations encourage…

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