Advisers Act Expert - Former SEC Exam Manager

Specialties & Experience of this Expert Witness

Additional Information

Andrew Schuster, IACCP®, CSCP-IA, CFE Andrew Schuster is a former U.S. Securities and Exchange Commission (SEC) Exam Manager and Branch Chief with nearly 28 years of SEC regulatory experience. He is a securities compliance expert specializing in investment adviser regulation, investment company compliance, private funds, hedge funds, and SEC examination practices. During his SEC career in the Chicago office, Mr. Schuster progressed from Securities Compliance Examiner to Branch Chief and Exam Manager, where he led examination teams and directed all phases of SEC examinations of registered investment advisers and investment companies. He conducted and supervised more than 500 examinations involving registrants managing more than $1 trillion in assets. Mr. Schuster’s SEC examination experience includes evaluating compliance with the Investment Advisers Act of 1940 and the Investment Company Act of 1940, including compliance programs, policies and procedures, fiduciary obligations, disclosures, marketing practices, risk management, and regulatory filings. He conducted more than 1,000 interviews with senior executives, chief compliance officers, portfolio managers, traders, and other investment professionals. His examination work contributed to dozens of referrals to the SEC Division of Enforcement, resulting in a number of enforcement actions and millions of dollars in settlements and investor reimbursements. Mr. Schuster has provided testimony in SEC enforcement proceedings and brings firsthand knowledge of regulatory expectations, examination methodologies, industry practices, and compliance standards. He has received multiple SEC awards for examination excellence. As President of ClearView Regulatory Compliance, LLC, Mr. Schuster provides SEC compliance consulting, mock examinations, regulatory assessments, and expert witness services. He assists attorneys and organizations in matters involving securities compliance, SEC examination practices, investment adviser regulation, fiduciary duties, compliance program effectiveness, regulatory deficiencies, and financial services industry standards. Mr. Schuster holds the Certified Fraud Examiner (CFE), Investment Adviser Certified Compliance Professional® (IACCP®), and Certified Securities Compliance Professional – Investment Adviser (CSCP-IA) designations. He earned his Bachelor of Arts in Finance from the University of Illinois at Urbana-Champaign. A complete curriculum vitae is available upon request.