Equity Institutional White Paper


August 2013  
No Surprises:  Seven Steps to a Successful SEC Custody Rule
Advisor Audit
Equity Institutional
In March of 2013, the SEC issued its National Exam Program Risk Alert: “Significant Deficiencies Involving Adviser Custody and Safety of Client Assets.”  In a series of 140 mandated, annual surprise exams, a full one-third of advisors were found to be out of compliance with custody rules.  This spurred negative attention for advisors in a number of industry publications that questioned whether advisors could be mishandling client assets.  Are you compliant?  Read this whitepaper to determine what the most common exam deficiencies were, and how to avoid them.

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