Expertise
Former SEC Examiner; SEC Examinations; SEC Division of Examinations; Office of Compliance Inspections and Examinations (OCIE); SEC Enforcement Referrals; SEC Deficiency Letters; Regulatory Investigations; Investment Advisers Act of 1940; Investment Company Act of 1940; Registered Investment Advisers; RIA Compliance; Compliance Programs; Rule 206(4)-7; Rule 38a-1; Annual Compliance Review; Chief Compliance Officer; Compliance Testing; Policies and Procedures; Code of Ethics; Insider Trading Policies; Fiduciary Duty; Breach of Fiduciary Duty; Conflicts of Interest; Disclosure Requirements; Form ADV; Marketing Rule; Rule 206(4)-1; Performance Advertising; Private Fund Regulation; Hedge Funds; Private Equity Funds; Registered Investment Companies; Mutual Fund Compliance; Share Class Selection; 12b-1 Fees; Wrap Fee Programs; Excessive Fees; Advisory Fees and Expenses; Best Execution; Soft Dollars; Trade Allocation; Custody Rule; Rule 206(4)-2; Books and Records; Regulation S-P; Investment Fraud; Ponzi Schemes; Fraud Examination; Certified Fraud Examiner; Examination Readiness; Remediation; IACCP; CSCP-IA
(For search purposes, not intended to be a comprehensive list)
Expertise
Former SEC Examiner; SEC Examinations; SEC Division of Examinations; Office of Compliance Inspections and Examinations (OCIE); SEC Enforcement Referrals; SEC Deficiency Letters; Regulatory Investigations; Investment Advisers Act of 1940; Investment Company Act of 1940; Registered Investment Advisers; RIA Compliance; Compliance Programs; Rule 206(4)-7; Rule 38a-1; Annual Compliance Review; Chief Compliance Officer; Compliance Testing; Policies and Procedures; Code of Ethics; Insider Trading Policies; Fiduciary Duty; Breach of Fiduciary Duty; Conflicts of Interest; Disclosure Requirements; Form ADV; Marketing Rule; Rule 206(4)-1; Performance Advertising; Private Fund Regulation; Hedge Funds; Private Equity Funds; Registered Investment Companies; Mutual Fund Compliance; Share Class Selection; 12b-1 Fees; Wrap Fee Programs; Excessive Fees; Advisory Fees and Expenses; Best Execution; Soft Dollars; Trade Allocation; Custody Rule; Rule 206(4)-2; Books and Records; Regulation S-P; Investment Fraud; Ponzi Schemes; Fraud Examination; Certified Fraud Examiner; Examination Readiness; Remediation; IACCP; CSCP-IA
(For search purposes, not intended to be a comprehensive list)
Andrew Schuster is the Founder and President of ClearView Regulatory Compliance, LLC, a Chicago-based regulatory compliance consulting firm serving registered investment advisers and private fund managers. Prior to founding ClearView, Mr. Schuster spent nearly 28 years with the U.S. Securities and Exchange Commission's Division of Examinations in the Chicago Regional Office, serving as Securities Compliance Examiner, Branch Chief, and Exam Manager, including more than 21 years in supervisory roles.
During his SEC career, Mr. Schuster conducted, supervised, or participated in more than 500 examinations of registered investment advisers, hedge funds, private equity funds, and registered investment companies. His examination experience encompassed a broad range of Investment Advisers Act and Investment Company Act issues, including fiduciary duty, conflicts of interest, disclosure obligations, compliance programs under Rule 206(4)-7, marketing and performance advertising, custody, best execution, soft dollars, trade allocation, share class selection, advisory fees, and books and records requirements.
As an SEC Exam Manager, Mr. Schuster supervised examination teams, evaluated adviser compliance programs, reviewed examination findings and deficiency letters, and exercised supervisory judgment on matters warranting consideration for referral to the SEC's Division of Enforcement, providing direct insight into how SEC staff assess adviser conduct, compliance programs, and regulatory risk.
Through ClearView, Mr. Schuster advises investment advisers and private fund managers on mock SEC examinations, compliance program reviews, annual reviews, and regulatory risk assessments. He regularly analyzes SEC Risk Alerts, enforcement actions, and regulatory developments.
Mr. Schuster holds the IACCP®, CSCP-IA, and CFE professional designations. He is available to provide expert analysis and testimony regarding investment adviser regulation, fiduciary obligations, compliance programs, SEC examination practices, and practices observed in the course of SEC examinations.
Curriculum Vitae
SER Associate Member
