OCIE Lists Most Common Best Execution Deficiencies

25 July 2018
View Debevoise Update
Key takeaways:
  • On July 11, 2018, the Office of Compliance Inspections and Examinations (“OCIE”) released a risk alert (“Risk Alert”) describing the most commonly cited deficiencies relating to best execution of client transactions.
  • OCIE found deficiencies in connection with the processes which advisers follow (or do not follow) in connection with executing client trades as well as disclosures provided to clients concerning best execution.
  • The Risk Alert serves as a reminder for investment advisers to review their policies and procedures relating to best execution.