Journal of Investment Compliance: Volume 3 Issue 4

Supervising the supervisors: internal controls in the brokerage industry

Denise S. Saxon, Beth D. Kieswetter

Late last year, the New York Stock Exchange (“NYSE”) and the National Association of Securities Dealers (“NASD”) proposed rule changes designed to strengthen the requirements…

Reporting up‐the‐ladder and the double negative: Applying the new standards of attorney conduct under the Sarbanes‐Oxley Act

Mark Anson

On January 23, 2003, the Securities and Exchange Commission (SEC) adopted final rules to implement Section 307 of the Sarbanes‐Oxley Act. Section 307 required the SEC to establish…

Sarbanes‐Oxley: investment company compliance

Barry I. Pershkow

In Spring 2002, Jeff Skilling (the former CEO of Enron Corporation) incredulously testified before lawmakers that he thought Enron was in great shape the day he left and that he…

Proxy voting: the rules and industry reaction

Victoria P. Hulick

In recent action, the Securities and Exchange Commission adopted rules requiring SEC‐registered investment advisers (“investment advisers” or “advisers”) and registered management…

The keys to effective mediation advocacy

Deborah Masucci

Most lawsuits are never tried. In fact, more than 90 per cent of the cases filed in the United States federal district courts are resolved by motion or settlement. In its 2001…

New scrutiny of broker‐dealers’ expense sharing arrangements

Lawrence Cohen

The wave of new business and accounting laws and regulations that arose during 2002 were triggered by the actions of giant organizations – Enron, Global Crossing, Arthur Andersen…

Functional regulation in the 21st century: What’s reasonable for investor protection and for agents selling variable annuities?

David Brant, Royce Griffin

If complaints about an agent’s sale of “ABC” mutual fund are handled by the state securities commissioner… Why should complaints about the same agent’s sale of a variable annuity…

Research analysts’ conflicts of interest: a global solution

Karl Sanderson

Research analysts make investment recommendations and investors, whether retail or wholesale, regard them as experts and important sources of information about the sectors and…