SEC’s Office of Compliance Inspections and Examinations Releases Annual Examination Priorities

By Richard M. Cutshall on January 13, 2017

Posted in Financial Regulation, Investment Regulation, OCIE, SEC

On Jan. 12, 2017, the Office of Compliance Inspections and Examinations (OCIE) of the U.S. Securities and Exchange Commission (SEC) issued its annual Examinations Priorities for 2017 (Exam Priorities), which is available for download here. As in past years, the Exam Priorities focus around three thematic areas, the first and the last of which…

Massachusetts Offers Policy Guidance on Investment Advisers’ Use of Robo-Advisers

By John K. Wells & Robert S. Frenchman on August 11, 2016

Posted in Financial Regulation, Investment Regulation, Risk Management, U.S. Financial Market

As robo-advisers continue to grow in popularity with investors, especially millennial investors, at least one regulator is taking a closer look. On July 14, 2016, Massachusetts Secretary of the Commonwealth William Galvin issued a policy statement addressing the use by investment advisers under his jurisdiction of third-party robo-advisers. This follows a similar policy statement by…