Monday, March 14, 2005
SEC Registered Adviser Exams (Albourne Village 3/14/05)
Compliance Alert: Exam-by-Mail Mini Sweeps and New SEC Exam HotLine
posted by jeffmorton on Friday 11 Mar 2005 13:22 GMT
New SEC Mini-Sweep
It appears as though the SEC is beginning to conduct an "Exam-by-Mail" mini-sweep of advisers in the New York City area. Recently, several of our clients (mainly registered hedge fund managers) received a letter from the SEC via FedEx requesting 22 items to be sent back to the SEC no later than March 28, 2005. The letter indicates that the "staff's examination will focus on Registrant's brokerage arrangements and certain investment transactions made on behalf of Registrant's clients..." You can view the "Exam-by-Mail" request list by clicking on the following link: www.advisercomplianceassociates.com.
New SEC Exam Hotline
Lori Richards, Director of the SEC's Office of Compliance Inspections and Examinations, recently announced the rollout of a new SEC "Exam HotLine." According to Ms. Richards, the purpose of the HotLine is to field calls from members of the investment management industry who have a complaint or a concern about an SEC examination. The HotLine, which will be staffed by senior attorneys in OCIE's Office of Chief Counsel, can be reached by phone at (202) 551-EXAM (3926) or, alternatively, via e-mail at examhotline@sec.gov. For a copy of the speech announcing the creation of the HotLine, please see www.sec.gov.
If you have any questions on the above noted issues or if we can be of any assistance with the development or maintenance of your compliance program, please feel free to give us a call at your convenience.
Regards,
Adviser Compliance Associates, LLC 2120 L Street, NW, Suite 530 Washington, DC 20037 Ph: (202) 955-5800
posted by jeffmorton on Friday 11 Mar 2005 13:22 GMT
New SEC Mini-Sweep
It appears as though the SEC is beginning to conduct an "Exam-by-Mail" mini-sweep of advisers in the New York City area. Recently, several of our clients (mainly registered hedge fund managers) received a letter from the SEC via FedEx requesting 22 items to be sent back to the SEC no later than March 28, 2005. The letter indicates that the "staff's examination will focus on Registrant's brokerage arrangements and certain investment transactions made on behalf of Registrant's clients..." You can view the "Exam-by-Mail" request list by clicking on the following link: www.advisercomplianceassociates.com.
New SEC Exam Hotline
Lori Richards, Director of the SEC's Office of Compliance Inspections and Examinations, recently announced the rollout of a new SEC "Exam HotLine." According to Ms. Richards, the purpose of the HotLine is to field calls from members of the investment management industry who have a complaint or a concern about an SEC examination. The HotLine, which will be staffed by senior attorneys in OCIE's Office of Chief Counsel, can be reached by phone at (202) 551-EXAM (3926) or, alternatively, via e-mail at examhotline@sec.gov. For a copy of the speech announcing the creation of the HotLine, please see www.sec.gov.
If you have any questions on the above noted issues or if we can be of any assistance with the development or maintenance of your compliance program, please feel free to give us a call at your convenience.
Regards,
Adviser Compliance Associates, LLC 2120 L Street, NW, Suite 530 Washington, DC 20037 Ph: (202) 955-5800
# posted by Tom @ 8:29 AM 
