More On Legal & Compliancefrom The Advisor's Professional Library
- Do’s and Don’ts of Advisory Contracts In preparation for a compliance exam, securities regulators typically will ask to see copies of an RIAs advisory agreements. An RIA must be able to produce requested contracts and the contracts must comply with applicable SEC or state rules.
- The Few and the Proud: Chief Compliance Officers CCOs make significant contributions to success of an RIA, designing and implementing compliance programs that prevent, detect and correct securities law violations. When major compliance problems occur at firms, CCOs will likely receive regulatory consequences.
In last week's holiday-shortened week, the Dow rose 0.8%, the S&P 500 rose 3.8%, and the Nasdaq rose 4%. The S&P has now risen 26.6% since its low on March 9. Stocks were helped in the financial sector by Wells Fargo's report of record earnings and Lincoln Financial's announcement that it was repaying $500 million in debt.
Likely to be moving the markets this week is the busy season for corporate earnings, especially for banks. Those closely watched include Goldman Sachs on April 14, Charles Schwab on April 15, BlackRock and JPMorgan on April 16, and Citigroup on April 17.