Tagged with "ocie"

What to Expect In 2016 Examinations

Posted on February 7th, 2016 at 6:50 PM
What to Expect In 2016 Examinations

In considering the priorities for the upcoming year, The Office of Compliance Inspections and Examination (OCIE) of the SEC seeks to prevent potentially heightened risk for investors and the market in general. 

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OCIE Warns against Outsourcing CCOs to Third Parties

Posted on November 20th, 2015 at 9:23 AM
OCIE Warns against Outsourcing CCOs to Third Parties

A November Risk Alert detailed that, after much examination of investment advisors and companies, OCIE staff recognized several downfalls accompanied with outsourced CCOs, including compliance policies and procedures failures, risk assessment inconsistencies, and the inability to conform compliance manuals to companies’ businesses and practices.

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New OCIE Examination Priorities Aim to Protect Investors Saving for Retirement

Posted on July 31st, 2015 at 11:23 AM
New OCIE Examination Priorities Aim to Protect Investors Saving for Retirement

In early 2015, OCIE announced that it will launch a multi-year Retirement-Targeted Industry Reviews and Examinations (ReTIRE) initiative. This new initiative will have a focus on retail investors and investors saving for retirement.

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LATEST NEWS AND ARTICLES

May 7, 2024
UBS Advisors Ordered to Pay Nearly $334,000 in Dispute with AllianceBernstein

An arbitration award revealed that two UBS advisors in Philadelphia, Elijah Dornstreich and Ryan DePaul, are required to pay approximately $334,000 in damages, legal fees, and costs to their former firm, AllianceBernstein, due to a dispute over customer solicitation.

May 6, 2024
SEC Cracks Down on Misuse of Artificial Intelligence

The U.S. Securities and Exchange Commission (SEC) has taken action against two money managers, Delphia (USA) Inc. and Global Predictions Inc., for allegedly making false and misleading statements regarding their utilization of artificial intelligence (AI) technology.

May 3, 2024
Court Grants Former Advisor Temporary Protection in Legal Battle Against Hightower Holdings

In a legal battle between a former advisor and Hightower Holdings, a Washington state court has issued a temporary restraining order (TRO) against the Chicago-based firm.