Due to the Fourth of July holiday in the U.S. tomorrow, this issue highlights five articles from the Hedge Fund Law Report’s archives that focus on SEC examinations, including how the SEC’s Division of Examinations (Examinations) selects investment advisers to examine; how fund managers should handle their initial contact with Examinations staff; how to prepare for and navigate the exam; how to minimize the risk the exam will end in a referral to the Division of Enforcement; and what non-U.S. advisers should expect in SEC exams. The Hedge Fund Law Report will resume its normal publication schedule the week starting July 14, 2025. For observations from former Examinations staff members on the Division’s 30th anniversary, see our two-part series: “Its Creation and Evolution Over the Last 30 Years” (Apr. 10, 2025); and “Its Present State and Possible Future” (Apr. 24, 2025).