Journal of Investment Compliance articles from December 2008

Journal of Investment Compliance archives from December 2008

International initiatives in market regulation: the storm before the calm?
December 22, 2008... Abstract Purpose--The purpose of this paper is to analyze causes and regulators' responses to the current international financial market crisis. Design/methodology/approach--The paper discusses warning signs of the crisis in world...

Pitfalls for non-US financial institutions undertaking business in the US.
December 22, 2008... Abstract Purpose--The purpose of this paper is to illustrate the regulatory challenges that financial institutions around the world face in entering the US market. Design/methodology/approach--The paper provides examples of the...

SEC holds round-table on fair value accounting and auditing standards.
December 22, 2008... Abstract Purpose--The purpose of this paper is to summarize and analyze the SEC's July 9, 2008 roundtable discussion regarding fair value accounting and auditing standards. Design/methodology/approach--The paper discusses investor,...

SEC provides guidance regarding use of company web sites to disclose information for investors.(Securities and Exchange Commission)
December 22, 2008... Abstract Purpose--The purpose of this paper is to summarize and analyze SEC guidance to companies and issuers of securities on the use of company web sites to disclose information to investors, as published in an interpretive release,...

SEC proposes mandatory use of XBRL tagging of financial statements.(extensible business reporting language)
December 22, 2008... Abstract Purpose--The purpose of this paper is to explain the SEC's proposal to require domestic and foreign public companies that prepare their financial statements in accordance with US GAAP to file financial statements contained in...

SEC proposes guidelines for directors overseeing mutual fund portfolio trading.(Securities and Exchange Commission)
December 22, 2008... Abstract Purpose--This paper aims to provide an update on the mutual fund industry about new brokerage review responsibilities for directors of mutual funds. Design/methodology/approach--The paper carefully reviews the SEC release...

SEC staff highlights areas of focus in broker-dealer, investment adviser and investment company exams.(Securities and Exchange Commission)
December 22, 2008... Abstract Purpose--The purpose of this paper is to summarize and comment on a July 22, 2008 SEC ComplianceAlert letter, which summarizes findings from recent compliance examinations by the SEC Office of Compliance Inspections and...

President's working group committee reports weigh in on side letters.
December 22, 2008... Abstract Purpose--The purpose of this paper is to analyze disclosure issues relating to side letters between funds and individual investors or groups of investors, as discussed in recent reports by the Investors' Committee and the Asset...

CFTC Reauthorization Act of 2008 enacted into law.(Commodity Futures Trading commission)
December 22, 2008... Abstract Purpose--The purpose of this paper is to summarize key provisions of the CFTC Reauthorization Act of 2008 which reauthorizes the Commodity Futures Trading Commission (CFTC) through the year 2013 and substantially enhances the...

Pleading scienter after Tellabs in Section 10(b) cases generally and in the "subprime" context.(Report)
December 22, 2008... Abstract Purpose--The purpose of this paper is to examine the impact the US Supreme Court's Tellabs decision has had on Section 10 (b) cases generally and on cases related to subprime mortgage-backed securities. ...

Removal of class actions filed in state court alleging federal securities law violations.
December 22, 2008... Abstract Purpose--The purpose of this paper is to survey the landscape of recent federal securities class actions filed in state court and explore arguments for removal of those cases to federal courts under the Securities Litigation...

Summary of selected FINRA regulatory notices, July-August 2008.(Financial Industry Regulatory Authority)
December 22, 2008... Abstract Purpose--The purpose of this paper is to provide excerpts of selected Financial Industry Regulatory Authority (FINRA) Regulatory Notes issued in July and August 2008. Design/methodology/approach--The paper provides excerpts...

Note from the publisher.(Emerald Group Publishing Ltd. acquired Elsevier Science Inc.)
December 22, 2008... As you may be aware, Emerald Group Publishing Limited has recently acquired a large proportion of Elsevier's Social Science book series and text/reference book publishing programme. Over 200 book series and almost 300 books have been added to...