More On Legal & Compliancefrom The Advisor's Professional Library
- Whistleblowers A whistleblower is any individual providing the SEC with original information related to a possible violation of federal securities law. The Dodd-Frank Act established a whistleblower program that enables the SEC to reward individuals who voluntarily provide such information.
- Anti-Fraud Provisions of the Investment Advisers Act RIAs and IARs should view themselves as fiduciaries at all times, whether they meet the legal definition or not. Deviating from the fiduciary standard of full disclosure while courting clients may cause the advisor significant problems.
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.