Journal of Investment Compliance: Volume 3 Issue 2

The Sarbanes‐Oxley Act of 2002 effects sweeping changes to the US federal securities laws

Michael H. Hein, Clifford E. Neimeth, Ira N. Rosner, Fern S. Watts

Signed into law by President Bush on July 30, 2002, the Sarbanes‐Oxley Act of 2002 (the Act) presents what may be among the most sweeping set of changes to U.S. federal securities…

New rules regarding research analyst’s perceived conflicts of interest: an ever‐evolving landscape

Dennis C. Hensley, Jeffrey W. Strouse

On May 10, 2002, the Securities and Exchange Commission (the “SEC”) approved certain rule changes filed by the National Association of Securities Dealers, Inc. (the “NASD”) and…

Analyst liability for fraud and negligence in the modern era

Simon S. Kogan

Some recent investigations have alleged that analysts of certain securities, many of them internet stocks, were motivated to write positive reports at least in part to help their…

Anti‐money laundering (AML) requirements for investment companies emerge as compliance deadlines approach

Alan Abel

Money laundering is not a new issue for investment companies. Funds have been subject to currency transaction reporting for years, and many fund complexes were already taking…

Anti‐money laundering compliance for the mutual fund industry

Robert A. Robertson, Monique S. Delhomme

The USA Patriot Act and its implementing regulations required mutual funds to implement anti‐money laundering (AML) programs by July 24, 2002. This legislation, which…

Hedge fund trading issues

Gerald T. Lins

In many respects, an investment adviser’s responsibilities regarding hedge funds (including offshore funds) are similar to the responsibilities the adviser owes to all advised…

The regulation of wrap fee programs – Part II

Terrance J. O’Malley, Kenneth E. Neikirk

Part I of this series appeared in the Summer 2002 issue of The Journal of Investment Compliance. It addressed the regulation of wrap fee programs under the Investment Company Act…