Mock SEC Examination

The Securities and Exchange Commission continues to increase its exam pace especially for those investment advisers that have not been examined within the last three years. Through our Mock SEC Examination, NRS tests your firm’s preparedness for examination. The mock examination evaluates the ability and preparedness of your firm’s key personnel, processes and records to help determine if your firm’s commitment to compliance will meet regulatory expectations.

The NRS Mock Examination is executed in three stages:

Off-Site Review As the SEC would do, NRS expert compliance professionals request a series of compliance documents to understand the firm’s unique business practices and then use those documents to prepare for an onsite examination.

Onsite Mock SEC Exam NRS compliance professionals visit your firm’s offices and conduct a live mock SEC Exam through a series of exercises and interviews of the firm’s senior staff and personnel. Our compliance professionals hold a wrap-up meeting and deliver feedback. Topics covered during the mock session will include Risk Management, Trading Practices, Vendor Due Diligence, Form ADV Disclosure, AML procedures and others.

Off-site Exam Report Upon completion of the onsite review, NRS will provide a written summary of the findings and any recommendations for corrective actions, which may include follow-up training for specific individuals or the firm as a whole.