These are some of the compliance-related stories that recently caught my attention. White softens stance on minor securities violations by Mark Schoeff Jr. in Investment News Securities and Exchange Commission Chairman Mary Jo White told compliance officers Tuesday that the agency will work with them to address regulatory lapses before resorting to enforcement. “The balance … Read more »
Monsters of Compliance – Werewolf
The pumpkins and garish Halloween decorations are out on my front lawn. With the Halloween season upon us, my mind has become stuck on movie monsters and been mixed with compliance. This is the terrible result. The werewolf is old and widespread legend. Lycanthropes gain the ability to turn from human form into a wolf … Read more »
The Monsters of Compliance – Frankenstein’s Monster
The pumpkins and garish Halloween decorations are out on my front lawn. With the Halloween season upon us, my mind has become stuck on movie monsters and been mixed with compliance. This is the terrible result. Victor Frankenstein builds a creature in his laboratory with a mixture of surgery, chemistry, and alchemy. His creation horrifies … Read more »
The Monsters of Compliance – Zombies
I finally grabbed some pumpkins and put some garish Halloween decorations on my front lawn. My mind has become stuck on movie monsters and been mixed with compliance. This is the terrible result. What happens when the dead won’t die? The zombie apocalypse. Zombies in pop culture can be traced back to George Romero’s The … Read more »
The Monsters of Compliance – Gremlins
I finally grabbed some pumpkins and put some garish Halloween decorations on my front lawn. My mind has become stuck on movie monsters and been mixed with compliance. This is the terrible result. Mogwai, the gremlin was sold subject to three rules: Never expose it to sunlight. Never get it wet. Never, ever feed it … Read more »
Compliance Bricks and Mortar for October 18
These are some of the compliance-related stories that recently caught my attention. Wrapping Up My Five-Year Experiment by Kathleen Edmond Of course, this blog is near and dear to my heart and is among the loose-ends I want to tie up before I go. Over the past five years, I have covered dozens of issues … Read more »
Best Execution Failure
Best execution refers to the obligation of an investment adviser to ensure that the prices its orders receive reflect the optimal mix of price improvement, speed and likelihood of execution. The concern is whether the investment adviser is getting some other compensation that influences the decision to use one broker over another. This concern should … Read more »
Out of the Office: Bermuda Edition
Compliance Building is on assignment to Bermuda this week. Downtown Hamilton is full of post office box company headquarters, rental corporate directors, and offshore transactions. However, I’m heading out into the middle of the Atlantic Ocean for rest and relaxation, not compliance research. A new post will appear after I finish dusting the pink sand … Read more »
Asset Management and Financial Stability
The US Office of Financial Research recently released a report raising concerns that the largest asset managers could pose a threat to financial stability. That puts firms like BlackRock, Deutsche Asset & Wealth Management, Prudential Financial, AXA Investment Managers, MetLife, Invesco and UBS Global Asset Management in the cross-hairs of being considered “systemically important.” The … Read more »
Make Sure You Have the Right Ticker Symbol
Perhaps you’ve heard the news that Twitter is going public. So you see that TWTR is already heading up fast so you but some. There is a trading frenzy. The stock is doubling in price, and then again, and again. Great offering. Just one problem. You bought stock in the defunct Tweeter Home Entertainment Group. … Read more »