Gigi Szekely, IMP Managing Director of Compliance, was quoted in the FundFire article: SEC Targets Complex Asset Mgmt Products in Buildout. Excerpt below:
This greater focus on asset management firms will lead to more examinations managers should be ready for, says Gigi Szeleky, managing director of compliance consultant IMP Consulting. This includes appropriate oversight of third-party compliance operations the SEC has indicated it will focus on in the future.
"If they outsource compliance due to the lack of internal resources, they need to ensure they have the appropriate oversight and due diligence in place for those external resources," she says.
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