Journal of Investment Compliance articles from September 2011

Journal of Investment Compliance archives from September 2011

Editor column.(Editorial)
September 22, 2011... The issue begins with an explanation by Roger Lorence and Steven Zhang of the structure, tax benefits, investment advantages, legal issues, and other practical (, issues related to private placement life insurance or annuities invested in hedge...

Private placement variable life insurance and annuities invested in hedge funds: due diligence issues for all parties to the transaction.(Company overview)(Report)
September 22, 2011... Life insurance and annuities: tax-advantaged investments Holders of life insurance contracts and annuities receive substantial tax benefits, widely known and accepted as a permanent part of the Internal Revenue Code (1). In brief, the...

New form ADV Part 2: post-filing post-mortem and more fun with Part 1.(Report)
September 22, 2011... Introduction A host of problems and unusual approaches came to light this year as investment advisers filed Firm Brochures and Brochure Supplements for the first time under amended Form ADV Part 2. The first half of this article highlights...

SEC holds roundtable on money market funds and systemic risk.(Report)
September 22, 2011... In May, the Securities and Exchange Commission ("SEC") held its long-anticipated roundtable on money market funds. The principal topics discussed at the roundtable were systemic risks posed by money funds and potential regulatory changes that...

SEC approves FINRA's overhaul of its Discovery Guide.(Report)
September 22, 2011... The Securities and Exchange Commission (SEC) granted accelerated approval to the Financial Industry Regulatory Authority's (FINRA) proposed rule overhauling its i Discovery Guide (the Guide). Initially introduced in 1999, the Guide provides...

SEC adopts final rules on Dodd-Frank whistleblower program.(Report)
September 22, 2011... On May 25, 2011, the US Securities and Exchange Commission (SEC) adopted final rules (the "Rules") for the expanded whistleblower program established by the i Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank)(1). Dodd-Frank...

New FINRA books and records rules.(Report)
September 22, 2011... The Financial Industry Regulatory Authority ("FINRA") has announced newly approved books and records rules (Rules 2268, 4511, 4512, 4513, 4514, 4515, 5340 and i 7440(a)(4)) that will go into effect on December 5, 2011 (1). In addition to...

FINRA's concept proposal on fixed-income research reports.(Report)
September 22, 2011... Introduction and overview Recently, the Financial Industry Regulatory Authority ("FINRA") issued Regulatory Notice 11-11 requesting comment on a concept proposal to further regulate fixed-income research reports, including through both...

The role of money laundering reporting officers in combating money laundering in Zambia.(Report)
September 22, 2011... 1. Introduction Following numerous international efforts in combating money laundering particularly the recommendation of the Financial Action Task Force (FATF), many countries around the world introduced Anti Money Laundering and Counter...

Summary of selected FINRA regulatory notices, March-May 2011.
September 22, 2011... Regulatory Notice 11-15. Low-priced Equity Securities. Guidance on Low-Priced Equity Securities in Customer Margin and Firm Proprietary Accounts Executive summary This Notice provides guidance to firms on low-priced equity securities in...