In a recent program sponsored by GAIM Ops Digital and presented by Promontory Financial Group (Promontory), present and former SEC leaders provided an insider’s perspective on 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 second article in a two-part series distilling the panelists’ insights covers enforcement initiatives and pandemic-related enforcement risks. The first article
focused on key risk areas for private fund advisers, areas of focus on examinations and best practices for CCOs. 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 insights from Promontory staff, see our two-part interview with a former OCIE private funds examiner: “Potential SEC Response to Fund Manager Efforts During the Coronavirus Pandemic
” (May 7, 2020); and “Compliance Issues Introduced by the Coronavirus Pandemic and Mitigation Tips
” (May 14, 2020).