A 98% Deficiency Rate

August 1997
Journal of Financial Planning;Aug1997, Vol. 10 Issue 4, p15
Academic Journal
This article reports on the 242 sweep examinations conducted by the U.S. Securities and Exchange Commission (SEC) on investment advisors with custody or discretionary authority over client funds in 1996. The SEC sent out deficiency letters in 98 percent of the cases.


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