Coronavirus (COVID-19) News and Resources
Coronavirus (COVID-19) Webcasts
Subscribe to Free Daily Newsletters
Post a Job

Featured Jobs

Defined Contribution Account Manager
Nova 401(k) Associates logo
Nova 401(k) Associates
(Houston TX / Dallas TX / Scottsdale AZ / Telecommute)
Retirement Plan Processor
T Bank NA logo
T Bank NA
(Dallas TX)

Free Daily News and Jobs

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Get the BenefitsLink app LinkedIn

<< Previous news item   |   Next news item >>

Odds Raised Slightly SEC Will Knock on Your Advisory Firm's Door This Year
fi360 Link to more items from this source
Jan. 21, 2014
"Based on some simple math, we can boil down the odds of a never-audited firm being visited by the SEC in either 2014 or 2015 as a 1 in 9 chance. This is based on the pool of 4,400 advisory firms that have never been inspected, and the assumption that 500 will be visited each year, or 11.4 percent, over the next two years. Since the current examination cycle was already at 9 percent of all RIAs, or a 1 in 11 chance of being randomly selected for an audit, the odds for the 'uninspected' should only increase 1 or 2 percentage points in 2014-15."

Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the link above).
An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).
© 2020, Inc.