Ignore the SEC’s Advertising Risk Alert at Your Own Risk

The SEC periodically publishes Risk Alerts to highlight compliance problems identified by its Office of Compliance Inspections and Examinations (“OCIE”). Registered Investment Advisers (“RIAs”) should take note of these risks as they strengthen their compliance policies and procedures. On September 14, 2017, OCIE released a Risk Alert, which identified the most frequent Advertising Rule compliance issues uncovered by examiners during their examinations.