Journal of Investment Compliance: Volume 1 Issue 1

Is it Time to Revamp the Current Regulatory Structure of the Markets?

BRANDON BECKER, STUART KASWELL, JUDY POPPALARDO, CHERIE MACAULEY

The growth of new trading opportunities, advances in technology, and investor interest in fast, cheap execution have all challenged the dominance of traditional exchanges and…

Broker‐Dealer Supervision of Electronic Communications

LOREN SCHECHTER, MICHAEL STERN

In light of the sea change brought about by advancing technology in the way broker‐dealers communicate with clients, this article is a timely discussion of the current federal and…

Recent Developments in the Regulation of Clearing Brokers

HENRY F. MINNEROP

A spate of micro‐cap stock fraud cases in the 1990s has led the SEC to focus on the conduct of clearing brokers whose introducing firms acted as underwriters or market makers of…

Written Supervisory Procedures: Friend or Foe?

JOAN L. LAVELL

This article offers a practical approach to demonstrating the pitfalls of broker‐dealers not preparing written supervisory procedures. By showing examples of legal complications…

The Consequences of Investment Adviser Registration with the SEC

TERRANCE O'MALLEY

This article takes a close look at the requirements of the 1940 Investment Advisors Act for both registered and unregistered investment advisors — such as hedge funds and private…

An Analysis of Supervision Cases Involving Outside Business Activities

ROBERT M. ROMANO

Supervising an employee even under ordinary circumstances is no easy task. What happens when some or all of an employee's activities occur outside the firm? This article explores…

Suitability: Does the Concept Apply to Online Brokerage?

HOWARD SCHNEIDER, MICHAEL R. BUTOWSKY, MICHELE M. LEW

This article provides a comprehensive look at suitability rules, first in the traditional brokerage context and then in terms of their application to online brokerages in general…