Editor's Choice for Week of October 19, 2009

More On Legal & Compliance

from The Advisor's Professional Library
  • The Need for Thorough and Effective Policies and Procedures Whethere an advisor is SEC or state-registered, RIAs must revise their policies and procedures to address significant compliance problems occurring during the year, changes in business arrangements, and regulatory developments.
  • Code of Ethics Rule The Code of Ethics Rule, found in Rule 204A-1, uses severe consequences for violation to help ensure investment advisors will do the right thing.  

While many of the biggest banks reported earnings last week, this week corporate third quarter earnings reports continue, including some from companies that advisors would find interesting. We also see a hodgepodge of other reports: on October 20 housing starts and the producer price index numbers will be released, while the House Financial Services Committee holds a hearing on systemic regulation, while the Senate Banking, Housing, and Urban Affairs Committee holds a hearing on housing.

As for earnings, BlackRock reports on October 20, as does Bank of New York Mellon. On the 21st, we hear about first-time jobless claims, leading indicators, and the Fed's beige book; earnings include Ameriprise, Morgan Stanley, and Raymond James Financial.

On October 22, Legg Mason reports earnings, and the Senate Joint Economic Committee holds hearings on the economic outlook, while on October 23, we hear about existing home sales, and T. Rowe Price earnings.

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