SEC Announces Initiative to Evaluate Municipal Advisors
In a press release Tuesday, the Securities and Exchange Commission (“SEC”) announced the start of its Office of Compliance Inspections and Examinations’ (“the Office”) exam initiative for newly regulated municipal advisors. As part of the initiative, the Office will review municipal advisors in areas like compliance with fiduciary duty to municipal entity clients, books and recordkeeping responsibilities, fair dealing and disclosure. The examinations are planned to take place over the next two years. To view the press release , visit the SEC website. Also discover how Cherry Bekaert can assist with SEC Audit services .