More On Legal & Compliancefrom The Advisor's Professional Library
- Agency and Principal Transactions In passing Section 206(3) of the Investment Advisers Act, Congress recognized that principal and agency transactions can be harmful to clients. Such transactions create the opportunity for RIAs to engage in self-dealing.
- 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.
The Commodity Futures Trading Commission introduced one interim final rule and two proposed rules on Oct. 1, 2010, the first rules coming out of the Dodd-Frank Wall Street Reform and Consumer Protection Act, reports Michael J. McFarlin of AdvisorOne.com’s sister publication, FuturesMag.com.
The new rules are designed to bring regulation to swaps and other derivatives, McFarlin writes.
In a separate article appearing in the October issue of Futures magazine, McFarlin wrote about an August 30 CFTC ruling on foreign exchange.