“This document identifies selected 2016 examination priorities of the Office of Compliance Inspections and Examinations (“OCIE,” “we,” or “our”) of the Securities and Exchange Commission (“SEC” or “Commission”). In general, th priorities reflect certain practices and products that OCIE perceives to present potentially heightened risk to investors and/or the integrity of the U.S. capital markets. OCIE serves as the “eyes and ears” of the SEC. We conduct examinations of regulated entities to promote compliance, prevent fraud, identify risk, and inform policy. We selected our 2016 examination priorities in consultation with the Commissioners, senior staff from the SEC’s regional offices, the SEC’s policy-making and enforcement divisions, the SEC’s Investor Advocate, and our fellow regulators. This year, our priorities are organized around the same three thematic areas as last year: 1. Examining matters of importance to retail investors, including investors saving for retirement; 2. Assessing issues related to market-wide risks; and 3. Using our evolving ability to analyze data to identify and examine registrants that may be engaged in illegal activity…”