Whether you have never been examined by the SEC or several years have passed since your last examination, even the most prepared firms benefit from guidance during an examination and assistance responding to a deficiency letter.
The SEC's Division of Examinations conducts the agency's National Exam Program. Its analytic efforts and examinations remain grounded in four pillars: promoting compliance, preventing fraud, identifying and monitoring risk, and informing policy.
Examinations are risk-based rather than run on a fixed cycle. Staff will test your written policies and procedures against how the firm actually operates. The Division has continued to examine advisers that have never been examined, including both newly registered advisers and advisers registered for several years without an examination, and to prioritize previously examined advisers whose business models have grown or changed substantially since their last review.
Firms with a documented annual compliance program review on file typically move through the document request stage far faster.
Coast to Coast Compliance guides you through the regulatory examination process, assists in drafting a response to any deficiency letter, and provides and helps implement the compliance solutions required as a result of the examination. Firms that want to rehearse the process before it happens often start with a mock SEC examination.
If you need assistance with another regulatory exam, such as with a state regulatory agency, FINRA, or the NFA, please contact us.
Common questions about working with a securities compliance consulting firm.
.svg)
