07/14/2009
Copy of the letter supporting a fiduciary standard as part of 2009 lobbying effort by the Investment Adviser Association, among other groups.
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03/24/2009
In letters and speeches, investment industry advocates are lobbying Congress on how to pursue a potential harmonization of regulations governing investment advisers and broker-dealers. IA advocates press for the highest standard – a fiduciary duty – and FINRA’s new leader doesn’t rule that out. In ...
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3/16/2009
One way to relieve worries about dual registrants that self-custody client assets would be for the SEC to do a combined investment adviser and broker-dealer exam, states the InvestmentAdviserAssociation."One combined team of broker-dealer and investment adviser inspection staff would be able to exam ...
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12/15/2008
A new survey cites the "challenging market environment" for a notable change in the number of firms expecting to introduce new products in the next year. Nearly three in four (72%) don't plan to offer new asset classes in 2009, according to Advent's and the Investment Adviser Association's 2008 Asse ...
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9/15/2008
The market agitation of the last year hasn't dampened the flow of funds to investment advisers, according to an annual look at advisers' Form ADV detail reported to the IARD. The data show an all-time high of $42.3 trillion in AUM spread across a growing number of advisers. By comparison, total U.S. ...
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9/8/2008
It's not every day an association urges regulators to introduce new regulation, but the Investment Adviser Association is doing just that. IAA Executive Director David Tittsworth has written SEC Chairman Christopher Cox to lobby for adoption of the agency's proposed Form ADV, Part 2 rule."We believe ...
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7/14/2008
When the SEC speaks, CCOs listen. Turns out your peers have increased their testing for insider trading in a big way."Clearly, the SEC's recent focus on insider trading has prompted firms to address this area more thoroughly," states the 2008 Investment Management Compliance Testing Survey, a compi ...
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5/5/2008
Spouses should be subject to a firm's code of ethics regarding trading activity and reporting, and exceptions should be made only for very good reasons. This was the consensus of numerous compliance officers who took part in a recent discussion on the IA Watch "Compliance Forum."The discussion start ...
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04/07/2008
Advisers should be careful about recommending structured products to their clients unless they are sure they understand them and have a robust enough back office to service these instruments, Andrew Donohue, director of the SEC's Division of Investment Management, told compliance professionals at a ...
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04/07/2008
The Investment Adviser Association was quick to reject one recommendation in the U.S. Treasury's "blueprint" for reform of the financial regulatory system when it was released last week - the notion that advisers, like broker-dealers, should be subject to a self-regulatory organization as the two pr ...
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