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.
- Preventing and Dealing with Client Complaints Although the SEC has not provided specific guidance on how client complaints should be handled, a firms policies and procedures should provide clear direction how to do so, as neglecting complaints can exacerbate a bad situation.
Following two days of meetings by the Federal Reserve's Open Market Committee, on August 12 the FOMC said "Although economic activity is likely to remain weak for a time, the Committee continues to anticipate that policy actions to stabilize financial markets and institutions, fiscal and monetary stimulus, and market forces will contribute to a gradual resumption of sustainable economic growth in a context of price stability." See the full Fed release here, and read Forward Capital economist Richard Moody's reading of the Fed's tea leaves here. Also last week, the inflation number for July was unchanged.
The University of Chicago's Richard Thaler has written two pieces of interest--one on healthcare reform in The New York Times on August 16, the other in the Financial Times on the efficient market. Both are worth your time.
This week sees Producer Prices from the Bureau of Labor Statistics on Tuesday the 18th, along with housing starts as reported by the Census Bureau. Unemployment claims for the week ending August 15 are released Thursday morning the 20th, and on the 21st come sales of existing homes.