“Our problem is we don’t control the number of advisors,” an exacerbated Jane Jarcho said Saturday.

Despite a rise in the number of examiners since the passage of the Dodd-Frank Act nearly six years ago, the Securities and Exchange Commission executive said the agency’s efforts to substantially increase the frequency of exams beyond 10 percent a year has been thwarted by the more rapid growth in the advisor industry.

Exams for advisors and broker-dealers that focus only on retirement risks will continue for several years, said Jarcho, who will continue her role as head of investment advisor/investment company exams in addition to her new job as deputy director of the SEC’s Office of Compliance Inspections and Examinations (OCIE).

Kevin Goodman, chief of the broker-dealer exam unit for OCIE, said his section has had a lot of success in using data to find branches engaged in excessive trading.

He noted OCIE is in the second phase of cybersecurity oversight of advisors and broker-dealers. The second phase is testing the protections that firms have in place, including trying to verify systems to limit which parts of their systems can be accessed by which employers while the first phase was just correspondence.

Goodman said there are indications some firms not doing important, simple things for cyber security including checking out cyber security measures at third party service providers.