Inspection powers enable examination of intermediary records, controls, fitness, compliance, complaints, and investor and market-protection concerns. The Board may appoint inspecting authorities to examine an intermediary's books, accounts, telephone and electronic records, and documents. Inspection may ... Summary
Inspection powers enable examination of intermediary records, controls, fitness, compliance, complaints, and investor and market-protection concerns.
The Board may appoint inspecting authorities to examine an intermediary's books, accounts, telephone and electronic records, and documents. Inspection may verify record maintenance, internal controls, procedures and safeguards; assess fitness or eligibility; and examine compliance with securities laws and related directions or circulars. It may also investigate complaints concerning intermediary activities and support suo motu inquiries in the interests of investors or the securities market.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.