Journal of Investment Compliance: Volume 4 Issue 3

Hedge fund marketing by broker‐dealers questions and comments in response to recent developments

Michael R. Butowsky, Michele L. Gibbons

This article discusses the implications of heightened regulatory attention to hedge funds by focusing on the practical questions that are on the minds of many in the hedge fund…

Hedge fund use of soft dollars

Gerald T. Lins

While many hedge fund activities have attracted more scrutiny recently, the use of soft dollars by hedge funds has been a source of regulatory concern for years. A fund manager’s…

Managing conflicts of interest: U.K. initiatives

David Capps, Simon Firth, Alix Prentice

The past year has seen a flurry of activity from the major international regulators around issues with a common theme: conflicts of interest. The Financial Services Authority…

Regulation FD ‐ What the SEC’s recent enforcement actions teach about avoiding liability

Todd R. David, Oni A. Holley

Recent SEC actions, including its first settlement of an enforcement case, provide specific guidance and some surprising points of emphasis concerning the implementation of…

New era dawns for listed companies: NYSE and Nasdaq adopt final corporate governance rules

Vasiliki B. Tsaganos, Lawrence R. Bard, Erika J. Moore

In one of the last major Enron‐related corporate reforms, the SEC approved on November 4, 2003 the final versions of both the New York Stock Exchange’s and Nasdaq’s corporate…

Global investment management survey identifies regulatory and compliance issues as top industry challenge

PricewaterhouseCoopers LLP

The inaugural Global Investment Management Survey conducted by PricewaterhouseCoopers LLC identified 10 key issues faced by industry leaders. 1) Customers come first, but demands…

The independence of financial analysts: evaluation of an alternative proposal

Andreas Krause

Recent evidence suggests that financial analysts have substantial conflicts of interest when publishing their research reports. We argue that not only investors but also listed…

Know your customer: Good for compliance, great for client service

Nelson M. Graham

Anti‐money laundering is a global initiative that is a priority at all financial institutions. It is important that while considerable focus is being placed on compliance, firms…

Does the SEC focus on the right things?

Saul S. Cohen

This article presents an argument that the SEC, in its attempts to control corporate information disclosure, too often focuses on discrete bits of information as the driving…