Menu2/22/16: On February 7 the SEC’s Office of Compliance Inspections and Examinations released a publication entitled “The Five Most Frequent Compliance Topics Identified in OCIE Examinations of Investment Advisors.” The Alert is focused on the financial community but it may also be useful for other business sectors. The Alert contains broad findings from OCIE’s analysis of compliance issues and shines light on compliance issues likely to trigger OCIE attention. Among those general “compliance topics” are the absence of annual reviews, out of date compliance manuals and the failure to follow compliance policies and procedures. Compliance pros in the investment community can directly benefit from the Alert but compliance personnel in other industries may gain additional insight into SEC’s enforcement priorities by weeding through the alert for general topics.
