More On Legal & Compliancefrom The Advisor's Professional Library
- Suitability and Fiduciary Duty Recommending suitable investments is more than just a regulatory obligation. Many investors bring cases claiming lack of suitability, so RIAs must continuously put the onus on clients to notify the advisor of changes in their financial situation.
- Agency and Principal Transactions In passing Section 206(3) of the Investment Advisers Act, Congress recognized that principal and agency transactions can be harmful to clients. Such transactions create the opportunity for RIAs to engage in self-dealing.
SEC Commissioner Roel Campos will join the law firm of Cooley Godward Kronish in early September, at which time he will leave his SEC post. Campos will serve as a partner in the firm's business litigation practice in the Washington, D.C. office, and will assume the role of partner-in-charge of that office, the law firm announced in a release.
In the release, the law firm says "Campos will focus on representing companies in SEC enforcement matters and internal investigations, advising board and committees involving governance matters and compliance issues, and advising private equity, hedge and mutual funds regarding regulatory matters." Campos, the firm says, "has been a respected expert and influential voice within the SEC as to enforcement actions, and while at the SEC presided over hundreds of complex enforcement cases."