In a significant move, the U.S. Securities and Exchange Commission’s (SEC) Division of Examinations has released its annual Examination Priorities for fiscal year 2024 on October 16, 2023. For the first time ever, the publication of the Report has been synchronized with the start of the fiscal year.
The SEC, on a yearly basis, instructs its Division of Examinations to gather insights on the developments in the financial industry. The central objective is to ensure that compliance with federal securities laws is maintained, an aim that is of immense importance to legal professionals in corporate settings and law firms alike.
The details of the examination priorities, however, are not provided in the publicly available information. It would be prudent for professionals in the legal and financial sectors to keep their attention turned towards the Division throughout 2024, where continued emphasis on adherence to federal securities laws is expected.
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