1) Conduct risk is typically associated with human misbehavior.
To assist and prepare SEC registered investment advisers for exams, The SEC’s Office of Compliance Inspections and Examinations (OCIE) issued a Risk Alert listing five of the most frequently identified compliance topics in deficiency letters following an examination.
The SEC’s Office of Compliance Inspections and Examinations (OCIE) has released its 2017 examinations letter. We at MCO have summarized the top areas of priority.
MCO hosted a live Webinar with NorthPoint Compliance on January 26. This included tips for registered investment advisers regarding compliance policies and how to conduct reviews and tests to assist you in the areas the SEC will be scrutinizing the most. You can watch live recordings from that webinar here: "2017 SEC Examination Priorities: Best Practices to Ace the Exam"