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United States, Finance and Banking, Investment Adviser Regulation ... The SEC undertakes periodic, special and other examinations of the books and records of federally registered investment advisers. The SEC's stated goal is to examine every investment adviser during the first year after it becomes registered ... References: Advisers Act sections 304(b)(3) and 222(d). National Securities Markets Improvements Act of 1996, Title III, Investment Advisers Supervision Coordination Act, section 307. New York General Business Law section 359-eee. ... http://www.mondaq.in/article.asp?articleid=59556