More On Legal & Compliancefrom The Advisor's Professional Library
- Risk-Based Oversight of Investment Advisors Even if the SEC had a larger budget and more resources, it is doubtful that the Commission would have the resources to regularly examine all RIAs. Therefore, the SEC is likely to continue relying on risk-based oversight to fulfill its mission of protecting investors.
- Differences Between State and SEC Regulation of Investment Advisors States may impose licensing or registration requirements on IARs doing business in their jurisdiction, even if the IAR works for an SEC-registered firm. States may investigate and prosecute fraud by any IAR in their jurisdiction, even if the individual works for an SEC-registered firm.
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.