Journal of Investment Compliance articles from March 2011

Journal of Investment Compliance archives from March 2011

Editor column.(Editorial)
March 22, 2011... We begin this issue with an article by Edward Ferraro that analyzes recent litigation concerning the roles of competitive forces and cost analysis in determining "fair and reasonable" fees charged by self-regulatory organizations (SROs) for...

Competitive forces and cost-based analysis in SEC review of SRO market data fee filings: NetCoalition v. Securities and Exchange Commission.(Theater review)
March 22, 2011... Abstract Purpose--This paper aims to analyze and discuss the implications of the August 2010 decision of the D.C. Circuit Court of Appeals vacating and remanding to the SEC its December 2008 order approving a proposed fee filed by NYSE Arca,...

Corporate ownership interests hidden through cash-settled equity derivatives: impact on the companies' governance under the Italian legal framework.
March 22, 2011... Abstract Purpose--This paper seeks to analyze the impact on companies' governance of corporate ownership interests hidden through cash-settled equity derivatives. Design/methodology/approach--The paper outlines the definition and use of...

FINRA IPO allocation rule; investment funds must now consider compliance.(Financial Industry Regulatory Authority)(initial public offering.)
March 22, 2011... Abstract Purpose--The purpose of this paper is to describe the Financial Industry Regulatory Authority's new rule for IPO allocation and the requirements for compliance with the rule. Design/methodology/approach--The paper provides an...

Electronic trading agreements.
March 22, 2011... Abstract Purpose--This paper aims to analyze various issues a hedge fund manager should consider prior to executing any electronic trading agreement with a prime broker. Design/methodology/approach--The paper discusses how hedge fund...

Commodities tax compliance challenges: Dodd-Frank and beyond.(Report)
March 22, 2011... Abstract Purpose--The purpose of this paper is to highlight the continuing diligence required of the tax compliance function of any investment vehicle that holds commodities contracts. In addition to monitoring Congressional developments that...

Regulatory change for financial institutions: crossing the ocean in an open boat.(Report)
March 22, 2011... Abstract Purpose--This paper aims to draw some overall conclusions and suggest a general approach financial institutions might take in response to all the different countries' recent financial reform legislation. ...

PWG issues report on money market fund reform options.(Report)
March 22, 2011... Abstract Purpose--This paper seeks to explain She possible options detailed in the "Money Market Reform Options" report released by the President's Working Group on Financial Markets on October 21, 2010 for consideration by the Financial...

SEC issues guidance to boards reviewing certain affiliated transactions.(Report)
March 22, 2011... Abstract Purpose--This paper seeks to explain recently published guidance from the Securities and Exchange Commission clarifying the responsibilities of mutual fund directors when they make the determinations required by Rule 10f-3...

SEC approves rule banning "naked access" to trading centers.(Report)
March 22, 2011... Abstract Purpose--This paper sets out to explain the new Securities and Exchange Commission Rule 15c3-5, which will require broker-dealers to adopt and implement risk controls to govern their provision of "direct market access" (DMA). ...

SEC approves sweeping changes to FINRA's regulatory reporting rules.(Report)
March 22, 2011... Abstract Purpose--This paper seeks to explain Financial Industry Regulatory Authority ("FINRA") Rule 4530, which requires members to report to FINRA certain internal and external findings of violative conduct and quaterly statistical and...

Summary of selected FINRA Regulatory Notices October-December 2010.(Company overview)
March 22, 2011... Abstract Purpose--The purpose of this summary is to provide excerpts of selected Financial Industry Regulatory Authority (FINRA) Regulatory Notices and Disciplinary Actions issued in October, November, and December 2010. ...