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.
- Advertising Advisor Services and Credentials Section 206 of the Investment Advisers Act contains the anti-fraud provision of the statute and ensures that RIAs advertising and marketing practices are consistent with the fiduciary duty owed to clients and prospective clients.
Few issues remain more controversial these days than whether the Securities and Exchange Commission should impose a fiduciary standard on all advice givers. But for those who have already embraced putting their clients first, putting a fiduciary standard into action can be less than simple. Again this year, fi360 is sponsoring, and AdvisorOne is supporting, a competition in which thought leaders on the fiduciary standard are invited to submit written papers to inform the community’s discussion on the many facets of fiduciary in practice.
The deadline for submission is March 12, 2012; you can learn more here.
The author of the winning paper will receive a cash prize of $1,000 and will be honored at fi360’s annual conference, which will be held this year in Chicago from April 25-27. In addition, the winning paper and others submitted will be considered for publication on AdvisorOne, whose editors will be participating in the judging of the submitted papers along with fi360 and its CEO, Blaine Aikin (left).
All acceptable submissions from AIF or AIFA designees will be available for public viewing on fi360.com along with biographical and contact information for the author.
As last year, all articles must focus on helping fiduciaries better understand and perform their roles or advocate for higher standards of care. While articles may be as general or specific in nature as the author desires, articles that are timely or tied to specific topics are more likely to be accepted for publication.
For more information on the competition, and to see papers already submitted this year, please visit the competition home page.