Wednesday, March 18, 2009
SEC examining asset custody procedures
The U.S. Securities and Exchange Commission staff is examining the procedures certain investment advisers and brokerage firms have in place for safeguarding client assets.
The SEC is looking at firms' custodial arrangements, controls for safekeeping assets and the implementation of these controls, Lori Richards, director of the SEC's office of compliance inspections and examinations, said in a recent letter to many firms, according to an attorney whose clients received the letter...
WSJ: SEC examining asset custody procedures
The SEC is looking at firms' custodial arrangements, controls for safekeeping assets and the implementation of these controls, Lori Richards, director of the SEC's office of compliance inspections and examinations, said in a recent letter to many firms, according to an attorney whose clients received the letter...
WSJ: SEC examining asset custody procedures
Permalink posted by markw @ 4:55 AM 
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