SEC Announces Fiscal Year 2027 Examination Priorities Focusing on Market Risks

The Securities and Exchange Commission announced its Division of Examinations’ Fiscal Year 2027 examination priorities, which cover over 34,000 registrants including investment advisers, broker-dealers, and investment companies. Key focus areas include investment advisers’ fiduciary obligations, retail investor protection for complex and illiquid products, private funds and private credit, broker-dealer financial responsibility, operational resiliency, cybersecurity, and emerging technologies like super intelligence and tokenization.