03.04.22

SEC Examines 16% of RIAs, and It's Not Likely to Go Higher

by: Mark Schoeff, Jr.

SEC official Daniel Kahl said the regulator examined only 16% of roughly 15,000 registered investment advisors (RIAs) last year, and it might have difficulty reaching that goal in the future. He added that the number of examiners has not materially gained in years despite the RIA population's rapid expansion. Kahl said the SEC is also likely to publish its examination priorities in the weeks ahead, with oversight of private funds likely to be a top priority.

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