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.
- Anti-Fraud Provisions of the Investment Advisers Act RIAs and IARs should view themselves as fiduciaries at all times, whether they meet the legal definition or not. Deviating from the fiduciary standard of full disclosure while courting clients may cause the advisor significant problems.
The House of Representatives on Tuesday approved by a vote of 271-158, another short-term continuing resolution (CR) to fund the government until April 8. The Senate is due to take up, and likely pass, the CR later this week.
This short-term funding extension to prevent a government shutdown is a holdover while congressional negotiations continue on a long-term plan to keep the government running through the end of the fiscal year, which ends on September 30.