If you are interested in seeing what the SEC’s Exam Priorities are for 2014, please click here to download their letter.
Red Oak can help you prepare and respond to SEC exams or questions. Contact us to find out more.
Monday, March 17, 2014
Common State Exam Deficiencies
We believe many states are finding deficiencies similar to what the Texas State Securities Board’s (“TSSB”) has published in their newsletter, “Texas Regulatory Review”. The TSSB's recent publication offers insights into the common exam deficiencies they found for the first half of 2013.
It also offers clarification on TSSB’s view of what is and is not advertising and the books and records requirements. Finally they discuss the new 2011 rule that requires Advisers to obtain certain client profile information and update it every 3 years. Please click here to read the complete newsletter.
If you have any questions, please feel free to call us.
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