Turning Lead Into Gold With Thorough Compliance

Law360, New York (September 12, 2012, 12:43 PM EDT) -- The more than 1,350 investment advisers that have registered with the U.S. Securities and Exchange Commission since the effective date of the Dodd-Frank Act (July 21, 2011)[1] are in a quandary. They are striving to comply with new books and records and compliance program requirements.

Consequently, they are retaining emails and tasking their compliance departments with review of emails and other records to identify violations and even poor tone. They are logging departures from their codes of ethics to comply with the new detailed pre-clearance and...
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