On 16 June 2026, the United States Securities and Exchange Commission (SEC) will host a virtual Compliance Outreach Program Regional Seminar for investment advisers and investment companies through its New York Regional Office (NYRO). The programme will bring together SEC examination and enforcement personnel to discuss the SEC examination process, fiscal year 2026 examination priorities, common examination deficiencies, private fund oversight, adviser and mutual fund compliance issues, and the evaluation of compliance programmes. The seminar will also include a dedicated panel addressing examinations of newly registered firms. The event forms part of the SEC’s ongoing compliance outreach efforts and provides regulated entities with direct insight into current supervisory expectations and examination practices.
SEC Compliance Outreach Seminar Focuses on Examination and Enforcement Trends
The SEC’s New York Regional Office will convene examination, enforcement, and compliance specialists to discuss developments affecting investment advisers, private funds, mutual funds, and other regulated market participants.
The programme is directed towards New York-area investment advisers and investment companies and will be conducted virtually between 9:15 a.m. and 2:15 p.m. Eastern Time.
The seminar agenda reflects areas that continue to receive supervisory attention from the SEC’s Division of Examinations and Division of Enforcement, with discussions centred on examination readiness, compliance programme effectiveness, and recurring regulatory deficiencies identified during recent examinations.
SEC Staff to Discuss FY 2026 Examination Priorities
One of the principal sessions will address the SEC’s Fiscal Year 2026 examination priorities. The session will be led by Michael O’Donnell, Strategic Risk Coordinator, and Amritpal Sidhu, Senior Securities Compliance Examiner, both from the NYRO Examination Program. The discussion is expected to provide insight into the areas receiving heightened regulatory scrutiny during upcoming examinations and assist registrants in assessing their compliance frameworks against current SEC supervisory expectations.
Division of Enforcement to Provide Regulatory Update
Representatives from the SEC Division of Enforcement’s Asset Management Unit will provide an enforcement update during the seminar. The session will be presented by Corey Schuster, Chief of the Asset Management Unit, and Salvatore Massa, Senior Counsel within the Division of Enforcement. The discussion will focus on enforcement priorities relevant to investment advisers, investment companies, and asset management participants.
Common Examination Deficiencies Remain a Compliance Focus
The programme includes a dedicated session examining common deficiencies identified during recent SEC examinations. The session will be delivered by examination staff from the NYRO Examination Program and will address recurring compliance issues observed among regulated entities. By highlighting examination findings, the SEC aims to assist registrants in identifying and addressing compliance weaknesses before regulatory reviews occur.
Private Funds and Adviser Compliance Topics Featured
Private fund regulation will be addressed by Daniel Faigus, Acting Co-Head of the Private Fund Unit within the SEC Division of Examinations. The seminar will also examine current issues affecting investment advisers and mutual funds through a separate “Hot Topics” session led by senior examination personnel. These discussions are intended to provide firms with practical guidance on evolving regulatory expectations and areas attracting examination attention.
Evaluation of Compliance Programmes and New Registrant Examinations
The seminar will include a session dedicated to the evaluation of compliance programmes, focusing on how examination staff assess compliance structures, policies, procedures, and oversight mechanisms. Edward Perkins, Exam Manager, and Brendan Biolsi, Senior Staff Accountant, will lead the discussion. A further panel will address examinations of newly registered firms, providing insight into the examination process experienced by recent SEC registrants and outlining supervisory expectations during initial reviews.
The SEC has invited participants to submit questions for panellists by 12 June 2026 at 5:00 p.m. Eastern Time. The virtual seminar will conclude with closing remarks from Maurya Keating, Associate Director of the NYRO Examination Program. The event forms part of the SEC’s broader compliance outreach programme designed to promote regulatory understanding, strengthen compliance practices, and enhance engagement between SEC staff and regulated investment management firms.
