Regulatory Alerts2014-12-24
Policy No. S-01-2010, Examinations of Broker-Dealers and Investment Advisers
The Louisiana Office of Financial Institutions establishes examination guidelines for registered broker-dealers and state-registered investment advisers operating within the state. Firms must undergo initial desk audits and routine full-scope examinations on two-year cycles for broker-dealers and three-year cycles for investment advisers, utilizing the North American Securities Administrators Association program. The Commissioner may authorize off-cycle or targeted exams based on consumer complaints, CRD system disclosures, or consent order compliance, with all findings shared with home state administrators.
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