Proactive solutions for responsible business
Tailored for either:
Asset Managers / Portfolio Managers / Mutual Fund Dealers Association members (MFDA)
Don’t let these headlines frighten you:
“OSC beefs up compliance, hiring 20 examiners”
“OSC & SEC team up on joint audits”
“Regulators crack down”
But the reality is… YOU WILL BE AUDITED
A few lax firms and unscrupulous individuals have raised concern with the public. Regulators are now focusing attention on asset management and portfolio management firms.
ARE YOU PREPARED ?
Friday of a long weekend, the Securities Commission informs you that your firm has been selected for a compliance audit to begin a week Monday.
2. Emergency management meeting
3. Call in staff to work the weekend inspecting client files
1. Enjoy the weekend.
2. Return on Tuesday, compile required documentation feeling confident & prepared.
WHY? You have recently had Investors Choice perform the SIMULATED AUDIT™.
The SIMULATED AUDIT ™
Designed to help you thoroughly understand how your firm measures up before the regulator arrives. Be fully prepared for the inevitable with compliant policies and documentation. The Investors Choice team will review your records and operations and identify potential trouble spots before the regulator does. After the audit a comprehensive report is issued detailing gaps and deficiencies along with recommendations to correct your compliance procedures. At your request, Investors Choice will assist you with the development of a customized compliance manual, specifically tailored to address any deficiencies uncovered in the audit.
The SIMULATED AUDIT™ can reduce your risk of legal penalty, censure, or even suspension and the negative exposure that may ensue. Most importantly, after the audit, your firm will be better prepared for the regulator.
Investors Choice SIMULATED AUDIT ™ will examine:
Compliance and Internal Controls
Policies & Procedures
Conflicts of interest
Custody of Client assets
Portfolio Management Standards
Books and Records
Allocation of Trades
Change of Control