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SEC to Scrutinize RIAs with Troubled Employees
Registered investment advisors with high-risk employees, such as those individuals who have faced disciplinary actions or have been barred from a broker-dealer, will face increased regulatory scrutiny, according to guidance recently released from the Securities and Exchange Commission. So reports CNBC.
The regulator’s exams will assess if firms have appropriate procedures that reflect risk associated with having employees with checkered pasts.
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