NASAA Releases 2019 Investment Adviser Coordinate Examinations Report

September 25, 2019

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Earlier this month, the North American Securities Administrators Association (NASAA) released its 2019 Investment Adviser Coordinated Examinations Report. This biannual report documents the findings from 1,078 routine exams conducted by NASSA on state-registered investment advisers (RIA).

The Top Ten Deficiency Categories found in the examinations were:

  1. Books and Records
  2. Registration
  3. Contracts
  4. Cybersecurity
  5. Fees
  6. Brochure Delivery
  7. Financials
  8. Advertising
  9. Supervision
  10. Custody

RIA Compliance Consultants strongly encourages your CCO and other executives to read NASAA’s Coordinated Exams Report priorities and to speak with a compliance consultant about adopting and implementing policies and procedures to address identified deficiency areas. If you are an existing client of RIA Compliance Consultants contact your consultant or click here to schedule an introductory call.

Posted by RCC
Labels: Examination, NASAA