Present and Former SEC Leaders Discuss the SEC’s Approach to Exams and Enforcement During the Coronavirus Pandemic (Part One of Two)

GAIM Ops Digital recently sponsored a program presented by Promontory Financial Group (Promontory), which offered an inside look at how the SEC’s Office of Compliance Inspections and Examinations (OCIE) and its Division of Enforcement (Enforcement) are adapting and operating during the ongoing coronavirus pandemic. Jane Jarcho, senior adviser at Promontory and former Deputy Director of OCIE, moderated the discussion, which featured Kristin Snyder, Co‑Deputy Director of OCIE, Co‑National Associate Director of the Investment Adviser/Investment Company Examination Program and Associate Regional Director of the San Francisco Examination Program; C. Dabney O’Riordan, Co‑Chief of Enforcement’s Asset Management Unit; and Sarah Curran, director at Promontory who held a variety of positions in OCIE over a 14‑year span. This two-part series distills the panelists’ insights. This first article focuses on guidance for private fund advisers, areas of focus in exams and best practices for CCOs. The second article will outline enforcement initiatives and pandemic-related enforcement risks. GAIM Ops will present panels at its upcoming conference taking place in Cayman and online from September 29 – October 2, 2020, where the above topics and others will be explored in greater detail. For additional information about the program, click here. To register for the conference, click here, using the promotional code available in this article for a 10‑percent discount. For additional commentary from Jarcho, see our two-part interview: “The Relationship Between OCIE and Enforcement” (Mar. 28, 2019); and “OCIE’s National Exam Program and Annual Priorities” (Apr. 4. 2019).

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