Journal of Investment Compliance: Volume 4 Issue 1

Hedge funds: The regulatory landscape at a crossroads

Jedd Wider, Kevin Scanlan

Hedge funds increasingly are becoming a focus of investors and U.S. regulatory agencies including the U.S. Securities and Exchange Commission (the “SEC”), the U.S. Treasury…

Preliminary steps to establishing research analyst independence

Samuel J. Winer, Amy N. Kroll

On December 20, 2002, the Securities and Exchange Commission (“SEC”), the National Association of Securities Dealers (“NASD”), the New York Stock Exchange (“NYSE”), the New York…

Compliance in a multi‐regulatory environment: An Interview with Lawrence A. Friend, Partner, PricewaterhouseCoopers LLP

The USA Patriot Act, Sarbanes‐Oxley, proxy voting disclosure, privacy regulations under Gramm‐Leach‐Bliley, fair valuation, hedge fund scrutiny, and the list goes on and on. Over…

Complying with the SEC’s new proxy voting rules

Kathleen K. Clarke, Paul M. Miller

In late January 2003, the Securities and Exchange Commission (SEC) adopted new rules for investment advisers under the Investment Advisers Act of 1940 (Advisers Act) requiring…

Private equity securities: A compliance update for broker‐dealers and investment advisers

John H. Walsh

In the late 1990s, the market for private equity securities (hereinafter “private equity market”) was booming. From quarter to quarter, the number of venture capital deals and the…

The fair valuation mess

David F. Freeman

Investment funds use actual trading market prices to value their portfolio investments where possible and “fair valuations” (estimated values) when actual market prices are not…

The new face of money laundering

Greg Baldwin

According to legend, the fall of Troy was accomplished by a clever ruse. After 10 years of unsuccessfully dashing themselves against the impregnable walls of Troy, the Greeks…

Knowing your customer and culture: An integrated approach to USA Patriot Act Compliance

Vincent Manning, Marc Spitzner, Ralph C. Martin Ralph C. Martin II, Donald J. Savery

The financial markets are still sorting through the lengthy list of compliance measures created by the Sarbanes‐Oxley legislation and other reforms being proposed by the SEC…

A primer on private placements and achieving liquidity in cross‐border offerings

Guy P. Lander

The private placement is the principal alternative method of financing to an SEC registered offering. The private placement avoids registration under the Securities Act of 1933…