More On Legal & Compliancefrom The Advisor's Professional Library
- Privacy Policies and Rules Whether an RIA is SEC or state-registered, the firm must have policies and procedures in effect to protect clients privacy. Policies and procedures should explicitly require an RIA to send out its privacy notice each year.
- Meeting and Exceeding Clients and Regulators’ Expectations Although it can be difficult, there are ways for RIAs to meet or exceed client expectations, increase customer satisfaction, and help firms retain current clients and attract new ones.
JPMorgan Chase CEO Jamie Dimon will testify before the Senate Banking Committee on June 13 regarding the bank's reported $2 billion trading losses, the committee announced Thursday.
The hearing with Dimon (left) had previously been announced for June 7; however, a Senate Banking Committee spokesman said that June 13 is the only date in June that works for both the Senate Banking Committee and Dimon.
On May 22, committee members heard from the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commisssion (CFTC). At that hearing, both regulators confirmed they were investigating JPMorgan.
The second hearing will be held June 6, with testimony from officials from the Federal Reserve, Federal Deposit Insurance Corp. (FDIC), Consumer Financial Protection Bureau (CFPB) and the Office of the Comptroller of the Currency (OCC) as well as the Treasury Department.