Conflicts of Interest

Barclays twice self-reported violations of the rules relating to research analyst conflicts of interest leading to a $700K fine

The adviser failed to both adopt and implement P&Ps regarding investor communications that could have prevented the violations

An internal review found that some investors received material holdings and exposures information about the fund without compliance’s review and approval

The issues stemmed from failing to disclose conflicts in the firm's variable annuity and cash sweep money market fund selection practices, and making recommendations that ...

"I would note that under those current rules and interpretation, brokers and advisers cannot address these conflicts of interest through disclosure alone"

It may have taken 13 years, but the SEC has finally approved a rule Congress ordered it to promulgate in the 2010 Dodd-Frank law: prohibiting ...

"A conflicted transaction entails directly shorting the ABS, entering into a credit default swap that references the underlying assets, or something economically equivalent to either ...

"Our pattern of proposing unrealistic rules with numerous questions, only to substantively revise the rule text after the comment period closes inhibits our ability to ...

"If market participants are seeking to comply with the rule and find that there are circumstances that call for an exemption, guidance, or other relief, ...

"The final rule we adopt today will contribute to the healthy functioning of ABS markets by reducing the ability of securitization participants to exploit their ...