Quantcast
Channel: Compliance Complete North America
Viewing all articles
Browse latest Browse all 13886

EXCLUSIVE: U.S. SEC examiners to take aim at costly mutual funds, bad brokers

$
0
0
A U.S. Securities and Exchange Commission official offered a sneak peek on plans for examining brokerages in 2015, indicating it would likely focus on sales of expensive mutual funds and have a "laser like focus" on problem brokers and firms. The SEC is in the midst of determining its so-called "examination priorities" for next year, said Kevin Goodman, who heads the broker-dealer examination program for the SEC's Office of Compliance Inspections and Examinations. SEC officials from around the U.S. will meet in Washington this month to further discuss their concerns about the brokerage industry, Goodman said in New York on Tuesday to a group of securities industry compliance professionals. The agency is also analyzing industry data for other trends. SEC examiners routinely check up on brokerage and investment advisory firms to see if they are complying with industry rules. Efforts by agency officials in the coming weeks will lead to the publication of a formal list of 2015 examination

Viewing all articles
Browse latest Browse all 13886

Latest Images

Trending Articles



Latest Images