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Vedder Thinking | News John Marten Discusses Common Deficiencies Found by 2017 SEC Branch Office Exams in Ignites Article

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Vedder Price Investment Services Shareholder John S. Marten was recently quoted in Ignites, commenting on the most common deficiencies cited by SEC examiners in the Fort Worth regional office during 2017 exams.

On a conference call early this year, the SEC’s Fort Worth regional office noted that the most common deficiencies identified in its 2017 exams concerned chief compliance officer reporting structures and too-generic compliance policies.

Mr. Marten discussed other more focused exams conducted by the SEC’s Fort Worth regional office, including an exam related to business continuity programs and Hurricane Harvey. He pointed out that the Fort Worth office paid close attention to how firms responded to Hurricane Harvey, which made landfall near Houston last August.

Mr. Marten said, “I did see the exam request and it seemed to me that they’re trying to help registrants by finding out more information about what happened with business continuity.”

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Ignites is an Information Service of Money-Media, a Financial Times Company.


John S. Marten