The Securities and Exchange Commission recently announced its Office of Compliance Inspections and Examinations’ (OCIE) 2017 examination priorities, and public pension advisers will be in the crosshairs, Forbes reported on Friday. With approximately 450 examiners, accountants and lawyers located throughout 12 SEC offices, OCIE conducts examinations of asset managers to determine their compliance with the federal securities laws. It is responsible for monitoring over 10,000 investment advisers with more than $48 trillion of assets under management. The results of OCIE’s examinations are utilized by the Commission to inform rule-making initiatives, to identify and monitor risks, to improve industry practices and to pursue misconduct.
