Firm News

Peter Driscoll, Director of the SEC’s Office of Compliance Inspections and Examinations or OCIE, announced on April 29 that the OCIE recently finished reviewing over 200 investment advisers with a significant senior client base. OCIE sought to understand whether these advisers had policies and procedures that discussed protecting senior investors. OCIE also focused on whether firms were aware of state requirements to report financial abuse and exploitation and the federal Senior Safe Act. These exams are part of the OCIE’s ongoing efforts to protect retail investors as outlined in its 2019 Examination Priorities.

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