InvestmentNews Quotes Investment Management Counsel on Prospects for Third Party Examinations by the SEC
An article by InvestmentNews on March 6 reports that increased efficiencies at the SEC combined with reticence by acting SEC Chairman Michael Piwowar indicate that a proposal to outsource examinations of investment advisers to third-parties is unlikely to be implemented by the incoming SEC Chairman. The article quotes investment management counsel David Tittsworth (Washington, D.C.). ""It's not a front-burner issue right now," stated Mr. Tittsworth in the piece. "It's going to be a while before we have any idea where [Mr. Clayton's] going."