The Auditing and Examinations Division is responsible for conducting a full schedule of on-site routine and for-cause examinations. Every three years on average, the division auditors examine each of the state-regulated investment advisers domiciled in Alabama, while continuing to audit broker-dealers, their branch offices, and monetary transmission agents on a for-cause basis. Our for-cause examinations can be driven by investigations, customer complaints, licensing issues or industry trends. The audit program identifies serious securities violations, as well as potential weaknesses in sales practices, in order to help strengthen these businesses’ compliance programs and to protect Alabama investors. The division also conducts limited joint audits with other states for complex audits and enforcement investigations.