D.C. Mun. Regs. tit. 26, r. 26-B185
The Commissioner may conduct examinations of investment advisers and may charge a reasonable fee for the examination, consistent with these regulations, as provided in Section 206 of the Act (D.C. Offical Code § 31-5602.06; D.C. Register at 47 DCR 7849).
When conducting any examination under these regulations, the Commissioner may retain or require the examinee to retain independent accountants, auditors, examiners, and other persons to perform the examination on behalf of the Commissioner.
The Commissioner may cooperate with national securities associations and national and regional securities exchanges, and with the Securities and Exchange Commission in administering examinations of any investment adviser.
The fee for an on-site examination of an investment adviser shall be the actual amount of the compensation paid to each employee for their time, including the preparation of any written report of the examination, audit, or investigation that reasonably be needed in the discharge of the Commissioner's duties.
The Commissioner may charge a reasonable fee in excess of the amount in § 185.4 involving an examination of an investment adviser if extenuating or unforeseen circumstances arise during the course of the examination.
The Commissioner may charge a reasonable fee in excess of the amount in § 185.4 to defray the cost of any examination of an investment adviser administered by the Commissioner, which involves out-of-town travel.
D.C. Mun. Regs. tit. 26, r. 26-B185