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How SEC and FINRA Exams Could Change Under the New Administration

Saturday, July 8, 2017

Tobias Salinger of Financial Planning reports that compliance experts are saying, “President Trump’s anti-regulation agenda will yield fewer but more focused SEC and FINRA examinations.” Even so, the SEC recently submitted its budget request and still estimates it will examine 13% of SEC-registered investment advisers in 2018, representing the same percentage projected for 2017.¹

Firms can, and should still, be well prepared by staying ahead of examiners and ensuring their policies are up to date and focused on agency “hot topics.” These topics are discussed in Salinger’s article with a major focus on cybersecurity. In addition, RIA firms need to ensure that deficiencies from prior exams are properly addressed and that key risks have been identified and mitigated.

If you are not certain how ready your RIA is for an audit, let Red Oak assist you in being prepared for your next regulatory exam.

About Red Oak Compliance Solutions

Red Oak Compliance Solutions is a leading provider of intelligent compliance software, offering a range of AI-powered solutions designed to help firms of all sizes successfully navigate the increasingly complex regulatory landscape. Our suite of 17(a)-4/WORM compliant features offer risk minimization, cost reduction, and process optimization capabilities with features that are designed to evolve with our client’s needs. Our flagship advertising review software enables firms to deliver compliant content to the market with confidence, faster. Our Disclosure Management and Intelligence solution simplifies the management of disclosures, while our Registration Management solution automates and streamlines the licensing and registration process, further enhancing your internal processes. 

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