Editor's Choice for the Week of July 27, 2009

More On Legal & Compliance

from The Advisor's Professional Library
  • Trading Practices and Errors When SEC-registered investment advisors conduct annual audits of firm policies and procedures, they should pay close attention to trading practices.  Though usually not required to, state-registered advisors should look at their trading practices and revise policies that do not fully protect clients.
  • How to Avoid Sabotaging Your Compliance Exam There is much more to compliance examination survival than knowing all of the rules. It helps to understand why the rules were put in place—and to recognize that examiners are not the enemy.

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.

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