More On Legal & Compliancefrom The Advisor's Professional Library
- The New and Improved Form ADV Whether an RIA is describing its investment strategy in advertisements or in the new Form ADV Part 2, it is important the firm articulates material risks faced by advisory clients and avoids language that might be construed as a guarantee.
- Using Solicitors to Attract Clients Rule 206(4)-3 under the Investment Advisors Act establishes requirements governing cash payments to solicitors. The rule permits payment of cash referral fees to individuals and companies recommending clients to an RIA, but requires four conditions are first satisfied.
If there's one thing that's more important than jobs when it comes to clear signs of the economy's health, it's corporate earnings. This week there's a passel of quarterly earnings reports, starting on Monday and ending on Friday, that will not only show how the banking sector is doing, but also how well some major brokerage firms--and the largest custodian for RIAs--are doing.
Healthcare reform hearings resume on October 13 before Max Baucus's Senate Finance Committee, while on October 14, Chris Dodds' Senate Banking, Housing, and Urban Affairs Committee will examine the state of the banking industry, with Sheila Bair of the FDIC as the lead witness.
Finally, the SEC on October 8 published a draft of its 2010-2015 Strategic Plan, asking for comments. You can download the Plan here.