More On Legal & Compliancefrom The Advisor's Professional Library
- 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.
- 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.
The joint committee will focus on retail investor perspectives and the role exchange-traded funds (ETFs) may have played in the so-called "flash crash" on May 6. The meeting, which will be open to the public, will be held at the CFTC headquarters in Washington and will also be webcast on the CFTC's website.
Michael Mendelson, Principal, AQR Capital Management;
Noel Archard, Head of U.S. Products, Blackrock;
Charles Rotblut, Vice President and Editor, American Association of Individual Investors;
Chris Nagy, Managing Director, Order Routing Sales and Strategy, TD Ameritrade;
Kevin Cronin, Director of Global Equity Trading at Invesco; and
Pamela J. Craig, Chief Financial Officer, Accenture.