• OCIE Publishes 2016 Examination Priorities
  • January 18, 2016
  • Law Firm: Sutherland Asbill Brennan LLP - Washington Office
  • SEC registrants will want to note that, earlier this week, the Office of Compliance Inspections and Examinations of the SEC (OCIE) issued its 2016 examination priorities. Such “priorities reflect certain practices and products that OCIE perceives to present potentially heightened risk to investors and/or the integrity of the U.S. capital markets.”

    OCIE’s 2016 examination priorities are organized around three themes:
    1. Examining matters that retail investors care about, including retirement savings;
    2. Market-wide risks; and
    3. Identifying and examining registrants that may be engaged in illegal activity.
    In addition, OCIE expects to allocate examination resources to municipal advisors, private placements, never-before-examined investment advisers and investment companies, private fund advisers and transfer agents.

    OCIE’s examination priorities matter. OCIE administers the SEC’s examination and inspection program. It examines SEC-registered entities, including broker-dealers, transfer agents, investment advisers, investment companies, municipal advisors, the national securities exchanges, clearing agencies, self-regulatory organizations (e.g., FINRA), the Municipal Securities Rulemaking Board and the Public Company Accounting Oversight Board. The OCIE examination priorities essentially serve as leading indicators of future enforcement activity.