More On Legal & Compliancefrom The Advisor's Professional Library
- Risk-Based Oversight of Investment Advisors Even if the SEC had a larger budget and more resources, it is doubtful that the Commission would have the resources to regularly examine all RIAs. Therefore, the SEC is likely to continue relying on risk-based oversight to fulfill its mission of protecting investors.
- Best Practices for Working with Senior Investors Securities examiners deal harshly with RIAs that do not fulfill their fiduciary obligations toward senior investors, as the SEC and state securities regulators view older investors as particularly vulnerable and in need of protection.
The top economic reports are spread throughout the week, with June new home residential sales coming on Monday, July 27; the Case-Shiller Home Price Index for May on the 28th, durable goods orders on July 29th, and advance second-quarter GDP numbers on Friday the 31st.
As for earnings, a number of insurance companies post their quarterly results this week, including Aetna, which reported early on July 27, The Hartford on July 29, and MetLife and Travelers on the 30th.
The Senate Joint Economic Committee meets on the 28th to discuss current trends in foreclosures, and hearings on corporate governance will be held on the 29th by the Senate Banking, Housing, and Urban Affairs Committee's Subcommittee on Securities, Insurance, and Investment.
Federal Reserve Chairman Ben Bernanke held a town hall-style meeting moderated by Jim Lehrer of the NewsHour in which he discussed the Fed's actions, the Depression, and the jobs market, among other issues; the video is here.