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Recent SEC Activities

Tuesday, August 25, 2015

Are you aware of the recent SEC activity relating to investment advisers? The Securities and Exchange Commission (“SEC”) is now looking into advisory firms’ liquidity risk management in current exams. In addition, the SEC’s Chicago regional office has sent out a sweep aimed at gathering data to determine how advisers are handling liquidity risk and the Boston office recently sent out a sweep to dig into firms’ whistleblower policies.

Knowing what is going on in the SEC exam program nationwide can help firms to be better prepared when their turn comes for an exam. If you have not had an exam recently, it’s a good idea to do a gap analysis or mock audit to make sure you are ready, from that first phone call throughout the entire audit process.

If you need any assistance in preparing for an audit, give us a call. Red Oak is ready and able to help you evaluate your current compliance program.

About Red Oak Compliance Solutions

Red Oak Compliance Solutions is the global advertising review software of choice in the financial services industry. It is a comprehensive suite of SEC 17A-4 compliant features that are 100% books and records compliant and provides clients with 35% faster approvals and 70% fewer touches or better. We also offer Smart Review(SM), which solves for the storage and maintenance of disclosures, helping firms reduce risk, decrease review times, and increase the speed of distribution of marketing materials. Smart Registration(SM) automates the licensing and registration management process to help reduce regulatory risk and time spent on manual processes. Overall, Red Oak allows firms to minimize risk, reduce costs, and increase compliance review process effectiveness and efficiencies.