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OCIE Risk Alert Summarizing Investment Adviser Compliance Weaknesses and Deficiencies

November 20, 2020

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By: Jason M. Daniel, Barbara Niederkofler

On November 19, 2020, the Securities and Exchange Commission’s Office of Compliance Inspections and Examinations (OCIE) published a risk alert summarizing certain compliance issues that it observed in the compliance function of registered investment advisers. In particular, OCIE listed specific deficiencies and weaknesses in compliance resources of the compliance program, the authority of chief compliance officers, annual reviews of the compliance policies and risks, implementation of policies, maintaining tailored policies, and the reasonable design of policies. For a complete list of the items that the OCIE discussed, see here.

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Jason M. Daniel
Email
Dallas
+1 214.969.4209

Barbara Niederkofler
Email
New York
+1 212.872.8149

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