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  1. #1

    SEC examinations grow aggressive, sometimes intrusive – industry panel

    Gone are the kinder, gentler days when it comes to onsite examinations by the Securities Exchange Commission, say senior compliance officers, who portray the agency’s recent behavior as much more aggressive, and at times even intrusive on a firm’s time and resources.

  2. #2

    SEC examinations grow aggressive, sometimes intrusive – industry panel

    At a New York conference sponsored by the Regulatory Compliance Association this week, industry participants heard of recent examples of SEC exams where compliance officers described strained and tense interactions with the agency’s staff.

  3. #3

    SEC examinations grow aggressive, sometimes intrusive – industry panel

    “Some SEC examiners were aggressive to the point of people being frightened,” said Scott Pomfret, chief compliance officer of Highfields Capital in Boston.

  4. #4

    SEC examinations grow aggressive, sometimes intrusive – industry panel

    SEC exams can often come about with little notice, and can last anywhere from one or two days to as many as two years, depending on the scope of the investigation and what examiners are looking for, said several participants in a panel on SEC examination practices.

  5. #5
    content from referece site

  6. #6

    SEC examinations grow aggressive, sometimes intrusive – industry panel

    One of the most onerous requests can be for past email communications, with some citing examples of where examiners wanted the email records for an employee going back as much as three years. In some cases, the firm was able to whittle down email requests to a more manageable time frame, but one had to be careful not to appear obstructionist.

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