SEC Compliance Chief Is Getting More Muscle This Year
March 30, 2016 by Brian O'Connell
The Securities and Exchange Commission plans to add another 100 compliance inspectors this year.
Financial advisors who sleep well at night figuring Uncle Sam won’t come knocking on the door looking for a good look at their books, may want to think again.
That after Marc Wyatt, director of the SEC’s Office of Compliance Inspections and Examinations, and chief examiner at the agency, said in a speech to an investment advisory group
“It keeps me up at night,” Wyatt told his audience at the IA Compliance Watch in Washington, D.C. earlier this year. Wyatt favors – and will get – significantly more manpower in monitoring financial advisory activity later this year. Click HERE to view article
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