A Day with the SEC
On August 28, 2013, I attended a Compliance Outreach Seminar conducted by the US Securities & Exchange Commission. While not the most entertaining seminar I’ve ever attended, it was very informative and gave me an opportunity to meet the SEC examiners from the Chicago district office.
OFM Wealth, as a Registered Investment Advisory firm, is regulated by the SEC and as the Chief Compliance Officer, my responsibilities include assuring that our firm complies with all SEC directives and regulations. I was pleasantly impressed with the SEC’s stated objectives at being more transparent about their requirements and areas of concern as it relates to the examination and regulation of advisory firms. The SEC stated that their efforts are focused on promoting effective compliance practices rather than taking a punitive approach toward investment advisors and investment companies.
It was also gratifying to recognize that our compliance program (compliance manuals, books & records, trading and reporting procedures, disclosure documents, etc.) are in place and up to date. I owe a debt of gratitude to all OFM employees, as well as our outside compliance consultant, for assisting me in designing and maintaining our extensive compliance program.
All information is believed to be from reliable sources however we make no representation as to its completeness or accuracy. All economic and performance information is historical and not indicative of future results. Any market indices mentioned are unmanaged and cannot be invested in directly. Additional information, including management fees and expenses, is provided on our Form ADV Part 2. All investments involve risk and past performance is not a guarantee of future results.