The CFA Institute recently released its Guidance Statement on the Application of the Global Investment Performance Standards (GIPS) Standards to Asset Owners, which becomes effective on January 1, 2015. The Guidance Statement addresses the differences between the asset owner and … Read More
On October 15 The Securities and Exchange Commission (“SEC”) reported enforcement against a former Wells Fargo Advisors’ (“Wells Fargo”) compliance officer. Purportedly, Judy K. Wolf altered a document before submitting it to the SEC during an investigation. The SEC’s order … Read More
On October 24, The Securities and Exchange Commission (“SEC”) sanctioned a south-Florida auditing firm for violating federal laws and regulations requiring lead audit partners to periodically rotate off their audit engagements with a publicly-traded company in order to preserve the … Read More
This week Financial Industry Regulatory Authority’s (“FINRA’s”) Rule 2081 (“the Rule”) was approved by the Securities and Exchange Commission (“SEC”). The Rule will prohibit the expungement of customer complaints, due to agreed-upon settlements with customers, through the Central Registration Depository … Read More
