Journal of Investment Compliance: Volume 7 Issue 4

Recent developments in hedge fund enforcement and regulation by the SEC under the leadership of Chairman Cox suggest that he may not be the free market advocate everyone once thought he was

Nicolas Morgan, Edward Totino, Perrie Weiner

This paper aims to draw conclusions about the likelihood that Securities and Exchange Commission (“SEC”) Chairman Christopher Cox will take significant action to reduce regulation…

The Investment Advisers Act: the need for clarity in the post‐Goldstein era

Jedd Wider

This paper seeks to discuss regulatory clarifications provided by the SEC since the June 2006 DC Court of Appeals decision in Goldstein v. Securities and Exchange Commission…

The investment company chief compliance officer: three years later – an assessment of the evolution of the role of the CCO

Michael R. Rosella, Domenick Pugliese

This paper sets out to assess the role of the chief compliance officer (“CCO”), how the CCO performs his/her duties, and how the CCO interacts with the fund's board three years…

Conflicts of interest chief compliance officers face in implementing compliance programs for investment funds and investment advisers

Thomas M. Majewski

This paper aims to discuss some of the more significant conflicts that a chief compliance officer (“CCO”) may face in implementing a compliance program and to offer suggestions…

Compensating mutual fund advisers: a return to the basics of properly structured performance fees

F. Scott Thomas, John C. Jaye

The article seeks to outline the requirements under the Investment Company Act of 1940 (the “Investment Company Act”), the Investment Advisers Act of 1940 (the “Advisers Act”) and…

NASD publishes initial proposal to change conflict of interest rules relating to underwriting of public offerings in the United States

Charles S. Gittleman, Russell D. Sacks

This paper aims to describe the NASD's recent proposal modifying NASD Rule 2720, the rule by which underwriting can be conducted where the underwriter and the issuer have a…

Updates on the corporate attorney‐client privilege

David M. Brodsky

This paper seeks to describe and assess recent legal developments that affect the corporate attorney‐client privilege.

Tackling risk‐based compliance

Kevin Ludwick

This paper seeks to recommend a way for the compliance function to identify, monitor, and report the risks it faces to the firm's management.

Editor column

Henry A. Davis