Summary: The SEC exam experience has been described by advisers and lawyers who have participated in the process as everything from nerve-wracking to gruesome. The commission's approach over the past few years of focusing on firms that represent the biggest risk to investors has inspectors showing up at adviser offices with a more hostile and assertive style, some say.
 “The aggressive policy of the SEC is unlike anything I have ever seen in 30 years of doing this. Even the letters to firms are accusatory and all the while the threat of enforcement is held over them.”Tom Giachetti, chairman of the securities practice group, Stark & Stark
|
Your session has expired!
To continue, please log in again.
Your session is about to expire!
You will be logged off in seconds.
Do you want to continue your session?
