Journal of Investment Compliance: Volume 7 Issue 3

SEC releases new interpretive guidance on soft dollar arrangements

Stuart J. Kaswell, Alan Rosenblat, Michael L. Sherman

To describe and analyze in detail an Interpretive Release (the “2006 Interpretation”) approved on July 12, 2006 by the US Securities and Exchange Commission (“SEC”) regarding the…

New pension legislation will significantly change US pension and IRA investments

Richard A. Gilbert, Ian Lloyd Levin, Sarah Downie

To describe how the Pension Protection Act of 2006 (the “Pension Act”) will affect the investment of plan assets subject to the Employee Retirement Income Security Act of 1974…

USA Patriot Act: five years and counting, but still more work to be done

Alan E. Sorcher

To summarize three implementing rules issued over the past year under the USA Patriot Act by the US Treasury Department Financial Crimes Enforcement Network (“FinCEN”) and to make…

Recent anti‐money laundering enforcement actions: lessons to be learned at others' expense

Satish M. Kini

To draw lessons learned from recent anti‐money laundering enforcement actions.

The evolution of the exchange‐traded fund: is active management on the horizon?

Michael R. Rosella, Domenick Pugliese

To discuss how product innovations in exchange‐traded funds (ETFs) have blurred the line between passive and active management, and to explore the legal ramifications of these…

The conflicting roles of the new New York Stock Exchange

George R. Kramer, Alan E. Sorcher

To examine whether the New York Stock Exchange (NYSE) in its recent rule changes has provided the appropriate separation between its supervisory authority and the management of…

Why outsource the compliance function?

Tim Duck

To highlight some of the issues that small firms must address when deciding to avail themselves of the services of independent compliance consultants.

Editor column

Henry A. Davis, James A. Tricarico Jr