SEC Set To Step Up Number of Onsite Exams
by: Mark Schoeff Jr.
The U.S. Securities and Exchange Commission (SEC) started to reintroduce onsite exams last fall following the pandemic hiatus. Now, the operating status for the SEC has changed, with managers already returning to the office and with staff set to come back later this month. “With that context, I can see that we’re going to start conducting more onsite exams over the next couple months,” Natasha Vij Greiner, deputy director of the SEC’s Division of Examinations, said at a recent industry event. But the SEC understands that remote work remains a prominent feature in the investment advisory sector, Greiner added. It won’t completely switch back to in-person exams because there may be some days when no one answers a knock on an advisory firm’s door.
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