03.02.23
SEC To Increase Onsite Advisor Exams
by: Melanie Waddell
The U.S. Securities and Exchange Commission (SEC) plans to “significantly” increase onsite exams of advisors within the next six months, Natasha Greiner, deputy director of the SEC’s Division of Examinations, said during a meeting of the SEC’s Investor Advisory Committee. Under the Consolidated Appropriations Act of 2023, the SEC received $2.2 billion, an increase of $210 million from fiscal year 2022. Greiner said the funding boost would allow the agency to hire additional staff, many of which will be within the exam division.
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