...David Zweighaft Purpose To explain the fraud schemes known as business email compromise (BEC) and executive impersonation that are growing in popularity, and the threat they pose to financial institutions. Design/methodology/approach This article explains BEC and executive impersonation...

... enforcement activity. Originality/value The paper offers practical guidance from experienced financial services lawyers. Deborah G. Heilizer can be contacted at: deb.helizer@shutherland.com © Emerald Group Publishing Limited 2012 Financial institutions United States of America...

... of qualifying investments. AIFMD Venture capital Investment funds European Union Legislation Financial services Financial institutions Investment managers Recent months have seen a significant shift in the approach of European regulators and law makers to the regulation of venture capital funds...

...Dermot Turing; Marc Benzler; Frédérick Lacroix 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. Design/methodology/approach The paper lays...

...). Fund management Financial institutions The staff of the Securities and Exchange Commission (“SEC”) recently published long‐awaited guidance “clarifying” the responsibilities of mutual fund directors when they make the determinations required by Rules 10f‐3, 17a‐7 and 17e‐1 of the Investment...

... Commission on October 16, 2009. © Emerald Group Publishing Limited 2010 Accounting standards Stock markets Financial institutions United States of America Charles E. Dropkin can be contacted at: cdropkin@proskauer.com On October 16, the Commodity Futures Trading Commission (CFTC...

... © Authors 2009 Investments Financial institutions Laws and legislation These proposed rules are largely aimed at the over $2.2 trillion of assets of public pension plans (approximately one‐third of all US pension plan assets) that, according to the SEC, are “particularly vulnerable...

... is independent of the Commission. The ALJ issues an initial decision that includes findings of fact, legal conclusions and, at times, sanctions. Brian L. Rubin can be contacted at: brian.rubin@sutherland.com © Emerald Group Publishing Limited 2009 Litigation Financial institutions Financial...

...Gary J. Mennitt; Paul Huey‐Burns; Robert J. Jossen Purpose This paper aims to discuss the SEC's investigatory program with respect to market manipulation in the securities of certain financial institutions and to provide constructive steps for firms to take prior to and after they receive...

... are fair to investors and meet their reasonable expectations as created by the firm. Originality/value Expert analysis provided by leading lawyers specialized in financial institutions. © Company 2008 It is well understood that the move towards principles‐based supervision requires...

... investment advisers together with the increased involvement of advisers of hedge funds in the investment adviser business advances the noticeable trend toward increased globalization of the industry. Investments Advisory services Financial institutions Hedging Globalization United States...

... affecting the quoted price. Anthony H. Zacharski can be contacted at: anthony.zacharski@dechert.com © Company 2007 Financial reporting Financial institutions The Financial Accounting Standards Board has issued its Statement of Financial Accounting Standards No. 157 (“Statement...

... include: Financial institutions Corporate governance Compliance with the Sarbanes‐Oxley Act of 2002 (www.sec.gov/about/laws/soa2002.pdf) is an important piece of the overall corporate governance puzzle for investment firms and broker‐dealers. Yet the Sarbanes‐Oxley controls put in place by many...

... and road‐blocks confronting organizations that need to undertake such an initiative. The paper addresses this gap and gives compliance professionals a checklist to ensure a smooth remediation process. © Emerald Group Publishing Limited 2007 Unit trusts Financial institutions Over the past...

... Material regarding certain aspects of the rule [2] . © Emerald Group Publishing Limited 2007 Financial management Financial institutions The amendments became effective on November 8, 2006 [3] . Prior to the amendments, the best execution rule applied to a member's...

... declined, and instead stated that a fund, in determining the frequency with which it should seek information from intermediaries, could consider: © Emerald Group Publishing Limited 2007 Shareholders Financial institutions On September 26, 2006, the Securities and Exchange Commission...

... 2006 Records management Financial institutions Securities Legislation United States of America Rule 204‐2 is organized into 12 paragraphs, (a) through (l). Each paragraph concerns a different record requirement. Although Rule 204‐2 covers many different records, these records fall...

... markets Financial institutions Arbitrage United States of America The collapse of the tech bubble in 2000, followed by a marked slowdown in the world economy in 2001 and 2002, had a significant adverse effect on stock prices generally. The resulting poor performance by equity mutual funds led...

...Charles S. Gittleman; Russell D. Sacks Purpose To describe and to discuss the implications of the US Department of the Treasury's PATRIOT Act regulations requiring “covered financial institutions” (including broker‐dealers, banks, and mutual funds) to maintain risk‐based procedures to ensure...

..., complexity, and reach of mutual funds have grown in the same period. Yet most institutions have only recently invested in the systems that measure, evaluate, and compare the value and accuracy of research providers. © Emerald Group Publishing Limited 2005 Financial institutions Investments...