Investment adviser watch is SEC top priority


The Securities and Exchange Commission‘s top priority is to increase the number of investment adviser audits it handles annually.

With more than 11,000 investment adviser firms across the US, the commission will need to ramp up its audit inquiries to protect investors and maintain regulatory compliance oversight.

SEC Chairman Mary Jo White told Senate Hill lawmakers today: “Significant additional coverage is essential if investors are to be appropriately protected,” pointing out that in fiscal 2012, the SEC had only examined 8% of registered investment advisers.

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