Alert February 28, 2012

OCIE Issues National Examination Risk Alert on Unauthorized Trading

The SEC’s Office of Compliance Inspections and Examinations has issued a National Examination Risk Alert designed to assist registered broker-dealers and investment advisers in strengthening their controls and supervisory systems for detecting and preventing unauthorized trading and similar activities.  The Risk Alert discusses specific measures that may assist firms in complying with their supervisory and compliance obligations in this area.