Monday, May 18, 2009
COMPLIANCE WATCH: Industry Frets Over SEC Custody Proposal
A new Securities and Exchange Commission proposal may not necessarily strengthen protections for assets overseen by investment advisers, according to securities lawyers and financial adviser groups.
The SEC proposed Thursday to require investment advisers who hold or have access to customer funds to undergo annual exams to confirm the money actually exists. These changes come in response to massive investment scams by Bernard Madoff and others, and public outcry over lax oversight...
WSJ: COMPLIANCE WATCH: Industry Frets Over SEC Custody Proposal (Subscription required)
The SEC proposed Thursday to require investment advisers who hold or have access to customer funds to undergo annual exams to confirm the money actually exists. These changes come in response to massive investment scams by Bernard Madoff and others, and public outcry over lax oversight...
WSJ: COMPLIANCE WATCH: Industry Frets Over SEC Custody Proposal (Subscription required)
Permalink posted by markw @ 5:30 AM 
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