More On Legal & Compliancefrom The Advisor's Professional Library
- Use and Misuse of Social Media Social media is an inexpensive and effective way to communicate with established and prospective clients. Nevertheless, when RIAs utilize social media to promote their advisory practices, they risk compliance problems for their firms.
- U.S. Securities and Exchange Commission Information This information sheet contains general information about certain provisions of the Investment Advisers Act of 1940 and selected rules under the Advisers Act. It also provides information about the resources available from the SEC to help advisors understand and comply with these laws and rules.
Last week began the corporate earnings season, particularly for Wall Street, with JPMorgan Chase reporting record high earnings of $11.3 billion for the year (to listen to Jamie Dimon, et al., discuss the results, click here.
Among the other financial services companies due to report during this holiday-shortened week are:
Congress comes back to work this week with a number of hearings planned in the House. Specifically, Barney Frank's House Financial Services Committee will be holding hearings on executive compensation and housing, while the Senate Health, Education, Labor, and Pensions (HELP) committee holds a hearing on January 20 on the nomination of Joshua Gotbaum as the new director of the Pension Benefit Guaranty Corp (PBGC).
While debate continues on forging a healthcare bill that both Senate and House conferees can agree on, you may want to read this interesting story on why healthcare costs keep rising.
If you're worried about the emergence of China, Pulitzer Prize-winning columnist Tom Friedman has a different take.