OCIE Releases Risk Alert on Compliance Risks During COVID-19

Yesterday, the Office of Compliance Inspections and Examinations issued a risk alert related to COVID-19 compliance risks (“Risk Alert”).[1] The Risk Alert applies to both investment advisers and broker-dealers and highlights six categories of compliance risk:

  • Protection of investors' assets;
  • Supervision of personnel;
  • Practices relating to fees, expenses, and financial transactions;
  • Investment fraud;
  • Business continuity; and
  • Protection of investor and other sensitive information. 

If you have questions about the Risk Alert, COVID-19 relief, or the regulation of investment advisers or broker-dealers, please feel free to contact us. 

By the Investment Management and Broker-Dealer Team at Kilpatrick Townsend & Stockton


[1] SEC Office of Compliance Inspections and Examinations, Select COVID-19 Compliance Risks and Considerations for Broker-Dealers and Investment Advisers (August 12, 2020), available at https://www.sec.gov/files/Risk%20Alert%20-%20COVID-19%20Compliance.pdf.

Latest Thinking

View more Insights
Insights Center
Knowledge assets are defined in the study as confidential information critical to the development, performance and marketing of a company’s core business, other than personal information that would trigger notice requirements under law. For example,
The new study shows dramatic increases in threats and awareness of threats to these “crown jewels,” as well as dramatic improvements in addressing those threats by the highest performing organizations. Awareness of the risk to knowledge assets increased as more respondents acknowledged that their