No summer break for SEC as agency revs up exam pace

Summary: Securities and Exchange Commission examiners haven't slowed down during the dog days of summer, according to compliance consultants who attribute the uptick in the SEC exam pace to the agency's focus on registered investment advisers who have never been examined. At the beginning of the year, the SEC launched a program to target about 1,000 advisers who have been registered for three years or more without being audited. The agency hopes to examine about half of them over the next two years.