{"id":1341,"date":"2013-11-11T22:15:54","date_gmt":"2013-11-11T22:15:54","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2013\/11\/advice_to_advisors_financial_a"},"modified":"2022-03-10T16:39:05","modified_gmt":"2022-03-10T22:39:05","slug":"advice-to-advisors-financial-a","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/advice-to-advisors-financial-a\/","title":{"rendered":"Advice to Advisors: Financial Advisors Taught Ways to Avoid SEC Scrutiny"},"content":{"rendered":"<p>\t\t\t\tAccording to the Securities and Exchange Commission Office of Compliance Inspections and Examinations Director Andrew J. Bowden, next year the regulator intends to examine about 4,000 <a href=\"https:\/\/www.investorlawyers.com\/investor-claims\/brokerage-firm-misconduct\/\">registered investment financial advisors <\/a>who have never been visited by its inspectors before. Bowden said that the agency will target about 50% of firms that have yet to be examined. Some of these investment advisers have been registered for over three years.<\/p>\n<p>Of the close to 11,000 financial advisors that the SEC oversees, nearly 40% have never undergone inspection by the regulator. Still, some are questioning whether Bowden&#8217;s office even has the resources to perform all these inspections.<\/p>\n<p>In <em>InvestmentNews<\/em>, Ascendant Compliance Management partner Keith Marks lists the compliance issues that these yet to be inspected RIAs should deal with now so that they are ready should the agency come knocking:<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/advice-to-advisors-financial-a\/\"  title=\"Continue Reading Advice to Advisors: Financial Advisors Taught Ways to Avoid SEC Scrutiny\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>According to the Securities and Exchange Commission Office of Compliance Inspections and Examinations Director Andrew J. Bowden, next year the regulator intends to examine about 4,000 registered investment financial advisors who have never been visited by its inspectors before. Bowden said that the agency will target about 50% of firms that have yet to be [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3752,3781,3760],"tags":[],"class_list":["post-1341","post","type-post","status-publish","format-standard","hentry","category-financial-firms","category-investment-advisers","category-sec-enforcement"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Advice to Advisors: Financial Advisors Taught Ways to Avoid SEC Scrutiny &#8212; Investor Lawyers Blog &#8212; November 11, 2013<\/title>\n<meta name=\"description\" content=\"According to the SEC Office of Compliance Inspections and Examinations, next year the regulator intends to examine about 4,000 registered financial advisors\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/advice-to-advisors-financial-a\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Advice to Advisors: Financial Advisors Taught Ways to Avoid SEC Scrutiny &#8212; 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