SEC: Agency expected to nix surprise exam proposal
The SEC is expected to nix its proposal that would require certain investment advisers to undergo surprise audits, according to a recent report in InvestmentNews.
The SEC is expected to nix its proposal that would require certain investment advisers to undergo surprise audits, according to a recent report in InvestmentNews. Originally proposed last May, the rule drew the ire of many advisers. Final action on the rule is expected this month. For a look at the proposed rule, visit sec.gov/rules/proposed/2009/ia-2876.pdf.
Learn more about reprints and licensing for this article.
