Journal of Investment Compliance: Volume 1 Issue 4

A New Millennium, A New Regulator? The Financial Services Authority's Approach

KAREN ANDERSON, CHRIS BATES, GEORGE STAPLE

A “complete” overhaul of the financial services industry in the United Kingdom has changed the landscape considerably. The authors have outlined some of the events that prompted…

Statutory Exceptions and Defenses: What Protection Is Available?

JONATHAN HERBST, KATIE McCAW

In 2000 the U.K. introduced the Financial Services and Markets Act. Under this Act, a code containing “guidelines” on “market abuse” was issued. The authors provide an in‐depth…

Financial Services Industry Use of Electronic Media: Current Regulatory and Legal Landscape

ROBERT P. BRAMNIK, NEIL B. SOLOMON

The use of electronic media in the financial services industry is discussed in light of the regulatory framework in which the industry exists. The authors explore this issue in…

PRICING AND VALUATION OF REGISTERED INVESTMENT COMPANY PORTFOLIO SECURITIES

CHIP VONEIFF, TONY EVANGELISTA

The daily valuation of portfolio securities can be one of the most onerous aspects of managing a registered investment company or mutual fund. The developing complexity of…

The Commodity Futures Modernization Act of 2000

KENNETH M. ROSENZWEIG

This new act has substantially changed the legal landscape for the futures markets as well as the over‐the‐counter securities markets. The author explores this act with particular…

Custody of Client Assets under Rule 206(4)‐2 of the Investment Advisers Act

BRIAN CARROLL

The author, both an attorney and CPA, explores the complex and perhaps out‐of‐date Advisors Act Rule 206(4)‐2, the Custody Rule. He explores the rule and the obligations and…

Working Through Recent Developments in Securities Arbitration: A Guidebook

ROBERT D. FEIGHNER, TERRY ROSS, MICHELE R. FRON

This article explores both procedural and substantive aspects of Securities Arbitration. Covering recent rule changes, the authors provide the practitioner with a guide for…

A Broker's Disclosure of Payments for Money Market Sweeps: The Second Circuit Defers to the SEC

DAVID L. CAREY

The author examines a recent decision from the United States Court of Appeals for the Second Circuit, Press v. Quick & Reilly. It examines the claims made with regard to “sweeps”…