Risk Alert: Observations from Investment Adviser Examinations Relating to Electronic Messaging

The SEC released a Risk Alert to remind advisers of their obligations when their personnel use electronic messaging, and to help advisers improve their systems, policies, and procedures.

The alert identifies examples of practices that the staff believes may assist advisers in meeting their record retention obligations under the Books and Records Rule. It also identifies suggestions for the areas of Employee Training and Attestations, Supervisory Review, and Control over Devices.

OCIE encourages advisers to review their risks,practices, policies, and procedures regarding electronic messaging and to consider any improvements to their compliance programs that would help them comply with the regulatory requirements. OCIE also encourages advisers to stay abreast of evolving technology and how they are meeting their regulatory requirements while utilizing new technology.

Link To Risk Alert

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