EU Proposes Directive on Alternative Investment Fund Managers

Doug Cornelius  Private Investment Funds   2

The European Commission published a draft Directive on Alternative Investment Fund Managers to establish a common regulatory and supervisory framework for all investment managers of funds promoted to investors in the European Union and not currently subject to European level regulation. Though the measure is directed at the hedge fund industry, the Directive would affect … Read more »

CCOutreach

Doug Cornelius  Compliance Programs   1

The SEC formed the CCOutreach (yes, that is how they spell it) to promote open communications and coordination among securities regulators and the industry on mutual fund, investment adviser, and broker-dealer compliance issues. In addition to the national seminar in November of each year, they host regional seminars to enable Chief Compliance Officers to interact … Read more »

New Frontier: Best Practices in Fraud Investigations and EmergingTrends in SEC and DOJ Enforcement

Doug Cornelius  Fraud   [+]

Securities Docket sponsored a webinar addressing critical questions about recent changes in the economic and political climates, emerging trends in SEC and DOJ enforcement, and the potential impact on lawyers, accountants, investigators, and other consultants who perform fraud investigations. It also outlined best practices when conducting investigations for the DOJ and SEC. Panelists: Gary Kleinrichert, … Read more »

Identity Theft Program Template for Low-Risk Entities

Doug Cornelius  Privacy   [+]

The Federal Trade Commission published a compliance template designed to assist financial institutions and creditors “at low risk for identity theft” in developing the Identity Theft Prevention Program required by the FTC’s Identity Theft Red Flags and Address Discrepancies Rule: Complying with the Red Flags Rule: A Do-It-Yourself Prevention Program for Businesses and Organizations at … Read more »