Recently, I came across an informative article written by Julia D. Corelli of the law firm of Pepper Hamilton LLP outlining what a Chief Compliance Officer of a registered investment advisor (RIA) can expect and what they should consider when their firm is examined by the Securities and Exchange Commission (SEC). This article covers important topics such as ‘type of examinations’, the ‘exam process’ and how to ‘prepare for the exam’. I am often asked what to expect when the regulators come in to do an exam. This article walks you through the entire process and is a must read to help your firm be prepared.
