SEC Issues Exam Handbook in Latest Bid for Wall Street Clarity, Bloomberg Law

Partner Carolyn Welshhans spoke with Bloomberg Law about the US Securities and Exchange Commission’s (SEC’s) new examination handbook, which aims to provide greater transparency and predictability for financial firms undergoing regulatory examinations.

Carolyn noted that the handbook could benefit both the SEC and regulated firms by clarifying expectations and providing a reference point when examination practices differ from published guidance. However, she cautioned that firms should not interpret the agency’s more collaborative approach as a sign of reduced risk in examinations. 

“It is still important to treat those very seriously,” she said.

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