Journal of Investment Compliance: Volume 2 Issue 3

Broker‐Dealers Face New Anti‐Money Laundering Requirements

TODD STERN, SATISH M. KINI, STEPHEN R. HEIFETZ

An exhaustive analysis of the current state of play of both the old and new law and the regulations promulgated thereunder. A one‐stop analysis of the state of the requirements…

OFAC: A Compliance Priority

JOAN L. LAVELL

This is a “how‐to” guide for compliance professionals with regard to money laundering issues. It's a must‐read for all broker‐dealer attorneys and compliance analysts who want to…

New Anti‐Money Laundering Rules for Investment Funds on the Horizon

BETTY SANTANGELO

A thoughtful review of the anti‐money laundering laws and rules with specific application to investment funds. It examines where hedge funds and the like are vulnerable under the…

MONITORING BEST EXECUTION FROM AN INVESTMENT ADVISER'S PERSPECTIVE

MICHAEL J. FLYNN, RENE A. BUSTAMANTE

The obligation to seek best execution on behalf of clients is not a new issue for investment advisers but one which has received increased scrutiny by the SEC's Office of…

Insurance Facts Businesses Should Know in the Wake of September 11

ROBERTA D. ANDERSON

An overview of the economic challenges impacting businesses in the aftermath of September 11. What is the insurance coverage for property damage, dislocation of operation, and…

Employment Law Update on Select Topics

ERIC J. WALLACH, CAMILLE R. NICODEMUS

This is a survey of pertinent topics involving employment law issues in the securities industry. The topics include employment agreement (restrictive covenants, enforcement, etc.…

NYSE Rule 382: Current Trends in the Law

THOMAS A. FRANKO, STEPHEN L. RATNER, CAROLINE K. HALL

Rule 382 of the New York Stock Exchange for many years has governed the relationship between clearing and introducing brokers with a focus on responsibility to the client. This…

New SEC Interpretation of Section 28(e) for Soft Dollars

ROGER D. BLANC

This is an analysis of the December 2001 interpretive release concerning the soft‐dollar “safe harbor” under 28(e) of the Securities Exchange Act of 1934. The article examines the…

Was Kwiatkowski the End of Broker Advice?

JAMES A. JR. TRICARICO

An in‐depth analysis of a disturbing decision which attempts to unusually expand previous concepts of broker‐dealer liability for “broker advice.” Will this decision reshape the…