Notwithstanding potential changes at the SEC as a result of the Trump administration’s efforts to slash the size of the government and eliminate burdensome regulation, it has been “business as usual” for the SEC Division of Examinations this year, according to a March 2025 Seward & Kissell LLP program on examination trends and considerations. The program covered recent examination experiences, focus areas and trends; whether an adviser should self-report compliance issues it discovers during an exam; responding to deficiency letters; avoiding referrals to the Division of Enforcement; and disclosure issues involving examinations and deficiency letters. The program featured Seward & Kissell partners Debra Franzese, Philip Moustakis and Daniel Viola. This article synthesizes their insights. See “Preparing for and Navigating SEC Examinations” (Dec. 19, 2024).