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.
- Scope of the Fiduciary Duty Owed by Investment Advisors A fiduciary obligation goes beyond the suitability standard typically owed by registered representatives of broker-dealer firms to clients. The relationship is built on the premise that the advisor will always do the right thing for the person or entity receiving advice.
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.