As I wrote about yesterday on the code of ethics for an investment adviser , one of the
requirements of registering with SEC as an investment adviser is implementing a
code of ethics. The most involved part of the code is the extensive reporting
At Wednesday's Open Meeting the Securities and Exchange Commission took up the discussion of their proposed rules on pay-to-play for investment advisers. The proposal is a new Rule 206 (4)-5 under the Investment Advisers Act. The Commission voted...
SEC Commissioner Daniel Gallagher published a statement explaining his dissent in two recent enforcement actions in which the Chief Compliance Officer of an investment adviser was charged, noting that the trend in such actions is toward strict liability...
In the initial Wall Street film, financier Gordon
Gekko says the now-famous line "greed is good." In the recently released
sequel, Wall Street, Money Never Sleeps , Mr. Gekko repeats the line,
noting "now it seems it's legal."...
James Tagliaferri, the former President of TAG Virgin Islands, a registered investment adviser, was found guilty by a jury of one count of investment adviser fraud, six counts of violating the Travel Act, one count of securities fraud and four counts...