Mock RIA Regulatory Exams

The LeGaye Law Group is well equipped to assist investment and hedge fund advisers in taking proactive steps to identify and assess areas of risk in their advisory business.  Part of that process provide includes on-site mock regulatory exams.  This exam process is also an integral part of the risk assessment and review that is necessary to meet a firm’s annual testing requirement of its policies and procedures.  As part of the testing and risk assessment process, the we  will evaluate all aspects of your business subject to regulatory legal compliance, including:

  • Trading and Transaction Records
  • New Account Applications
  • Customer Complaints and Arbitration Matters
  • Affiliated Persons’ and Advisory Personnel Files
  • Advertising and Marketing Materials
  • Written Policies and Procedures Manuals
  • Codes of Ethics and Personal Trading Records
  • Registration Records
  • Performance and Web-Site Advertising
  • Client Disclosure Documents and Privacy Notices
  • Testing of Business Continuity Plans, Regulation S-P controls and Other Compliance Programs
  • Client Contracts and Account Files
  • Bookkeeping Records
  • Account Ledgers
  • Processes for Evaluating Actual and Potential Conflicts of Interest and Mitigation thereof

Upon completion of the mock examination and/or risk assessment, The Group, will provide an initial finding report that will address any critical compliance concerns that may require immediate action.  We will then issue a final report, which addresses the annual review process for the investment adviser.