Compliance Solutions for Investment Advisers

7 Ways to Prepare for a SEC Exam

  1. Make sure your compliance program and its implementation are up to par;
  2. Know if you have custody and make sure you have satisfied any attendant requirements;
  3. Conduct a through risk assessment;
  4. Establish a culture of compliance at the top of your advisory firm;
  5. Be disciplined in your record keeping;
  6. Conduct compliance testing to find the problems before the regulators do;
  7. Address any previously noted deficiencies (or any problems noted in your firm’s annual review)
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