CFA Institute Blogs
During a speech at the RCA’s 2013 program on regulation, operations, and compliance, SEC commissioner Luis Aguilar highlighted the importance of compliance practices being developed and maintained in the interest of investors. Read more
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At the GIPS Annual Conference in Boston in September 2012, Mr. Carlo di Florio, director of the SEC Office of Compliance Inspections and Examinations, called on CFA Institute to look into GIPS verifier oversight. Read more
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As technology advances, the rules that face the investment industry must advance with it. That means investors not currently using social media will need to get on board, or they could possibly miss out on the latest company disclosures. Read more
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The issue of creating a uniform fiduciary standard of conduct for investment advisers and broker-dealers in the U.S. has been hotly debated in recent years, and the SEC is now seeking input for a potential uniform fiduciary standard of conduct. Read more
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At the recent CFA Institute Global Investment Risk Symposium, a panel of well-known experts discussed systemic risk and the current state of the industry and concluded that not all is well, yet. Read more
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In the wake of a string of technological mishaps affecting the financial markets, the SEC recently proposed Regulation SCI to strengthen the controls, policies, and procedures surrounding market technology. Rhodri Preece, CFA, examines the proposal, which would require exchanges, significant alternative trading systems, clearing agencies, and plan processors to meet certain core technology standards. Read more
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Fraudulent financial reporting is such a major concern in Asia that U.S. regulators are now getting involved — a reminder to investors of the potential perils posed by companies that are listed in foreign countries, whether through a reverse merger or IPO. Read more
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With debate over the sequester fallout mainly focused on cuts to education, law enforcement, and transportation safety, another area is largely overlooked: the impact on the SEC and CFTC. Read more
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With the corporate earnings season heading into the home stretch, it’s an ideal opportunity to examine whether users of financial statements — investors and securities regulators — have learnt lessons from the recent misreporting by corporations and are now effectively judging the earnings quality of reporting companies. Read more
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Mary Jo White’s potential conflicts in serving as our next SEC chairman are now dominating the nomination discussion, focusing specifically on the revolving door between public service and private practice. Read more
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