This article originally appeared in Smart Business Philadelphia magazine.
It has been touted as the most significant financial reform since Franklin D. Roosevelt’s New Deal.
The Dodd-Frank Wall Street Reform and Consumer Protection Act, created in response to the financial crisis of the last few years, was signed…more
Due to the barrage of investment frauds over the past few years, the SEC has been under intense pressure to update its rules protecting investors. The SEC recently issued two releases that are designed to provide additional safeguards when an advisor has custody of client funds:
SEC Release IA-2968…more
On Friday, January 29, 2010, the GIPS Executive Committee (EC) approved the 2010 version of the GIPS standards. The EC, which serves as the decision-making authority for the GIPS standards, continually updates the standards through interpretations, guidance, and new provisions. In 2008, the EC (working with technical committees and…more
What Is Securities Lending?
Securities lending is the temporary transfer of securities by one party (the lender, also called the “beneficial owner”) to another (the borrower).
The borrower is obligated to return the securities to the lender, either on demand, or at the end of an agreed upon term.
For…more
In 2008, the GIPS Guidance Statement on Error Correction (the Guidance Statement) was adopted. The effective date of this guidance statement is January 1, 2010. We have summarized some of the key points of the Guidance Statement below and have provided additional implementation considerations. Please feel free to contact us…more