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COVID Pressures May Be Pushing Advisors into SEC Non-Compliance, Financial Advisor

August 17, 2020

Morgan Lewis partner Christine Lombardo was quoted in an article by Financial Advisor after the SEC’s Office of Compliance Inspections and Examinations (OCIE) issued a Risk Alert to advisors and brokers about practices that may not comply with the agency’s rules. “I expect that OCIE will certainly be looking into the issues identified in its risk alert as part of its examination program throughout the pandemic and as we emerge from this crisis,” Christine said.. “In that regard, it will be critical that firms assess their own businesses, procedures and potential vulnerabilities in light of the points raised by OCIE, including documenting that review and determinations or enhancements made as a result."

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