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