THE BROKER‐DEALER EXAMINATION PROGRAMME OF THE SEC

Abstract

The examination of broker‐dealers is an integral part of the United States Securities and Exchange commission's overall responsibility to enforce securities laws, protect investors, and ensure the maintenance of fair and orderly markets. This programme continues to evolve to keep pace with dynamic market developments. This paper provides an overview of the broker‐dealer examination process, and discusses several new developments in the examination programme. Particular focus is directed to the oversight of internal controls and risk management, and review of sales practices and supervisory procedures. Finally, there is a discussion of efforts undertaken to coordinate examinations by various state, federal and self‐regulatory authorities.

Citation

ANN GADZIALA, M. (1996), "THE BROKER‐DEALER EXAMINATION PROGRAMME OF THE SEC", Journal of Financial Regulation and Compliance, Vol. 4 No. 4, pp. 386-394. https://doi.org/10.1108/eb024897