An SEC mock audit is an important tool that your registered investment advisor can utilize to help ensure that your firm is in compliance and your employees are prepared the next time the SEC appears at your door.
With the SEC increasingly focusing on problematic allocation practices such as cherry-picking, registered investment advisors, more than ever, should ensure that they have strong allocation policies and procedures.
Chief Compliance Officers should be constantly questioning how their compliance program can be improved. As a starting point, here are eight questions to consider.