May 2019
Greetings!

This month we’re building awareness of the 2019 SEC EXAMINATION PRIORITIES... with a focus on CyberSecurity & Business Continuity , here are some highlights:

  1. The Office of Compliance Inspections & Examinations (OCIE) of the SEC has announced its 2019 examination priorities, a preview of key areas where OCIE intends to focus.
  2. With approximately 1,000 staff in 11 regional offices and headquarters, OCIE completed over 3,150 examinations in FY 2018, which is a 10 percent increase over FY 2017.
  3. In 2019, OCIE will emphasize CyberSecurity practices and focus on governance & risk assessment, access rights & controls, and data loss prevention.
  4. Advances in technology have caused Operations to grow more complex, diverse, and interconnected, becoming more dependent on linkages to other organizations located throughout the world.
  5. OCIE will prioritize examinations of advisers that have not been examined for several years.
 
2 Things You Should Do Now...

If your firm has received a deficiency letter from the SEC, or your compliance policies/procedures need improvement, or you haven’t been audited recently:

  1. Download the full report here: 2019 SEC Report
  2. Contact UNAPEN to get your firm well-prepared for Cyber Risk, Business Disruption and SEC Auditors.

Best Regards, 
David Gemma, CEO/CMO at UNAPEN, Inc. 
Cyber Security Awareness & Training
For Wealth Management & Investment Advisory Firms
Prepared Employees Are Your #1 Defense Against Cyber Crime

Empower Your Employees to detect phishing scams and take appropriate action when they encounter suspect communications.
Wealth Management firms must protect sensitive data and avoid becoming another statistic...starting from the inside out.
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