DBO Issues BDIA Report
The 2014 Budget Act requires the Department of Business Oversight to provide a report on its broker-dealer/investment adviser program to the the Legislature and the Department of Finance by January 10 of each year. While not exactly scintillating reading, the report provides a wealth of information about the DBO's licensing and examination of broker-dealers and investment advisers. The DBO's workload is summarized by the following table:
For those concerned with enforcement, 10 of the 470 completed examinations of broker-dealers resulted in referrals to enforcement.