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In The Hedge Fund Law Report, Hedge Funds Partner Discusses the SEC’s Exam Program

Practices: Hedge Funds, Compliance for Hedge Funds, Securities & Futures Enforcement

A two-part series published by The Hedge Fund Law Report titled “Understanding the SEC’s National Exam Program: How OCIE Selects Advisers to Examine (Part One of Two)” on July 12 examines how a risk-based strategy informs the SEC’s National Exam Program. The first article discusses the steps that the SEC has taken in recent years to increase the number of advisers it examines each year and explores how the risk-based strategy employed by OCIE informs which advisers are selected for examination. Hedge funds partner Joel Wattenbarger is quoted in the piece. “OCIE is trying to be as efficient as possible during the exam process and reach as many registrants as possible,” Mr. Wattenbarger explained in the piece. “The SEC is likely trying to balance several competing goals when deciding which advisers to examine,” Mr. Wattenbarger added.

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