June 2007 Archives
SEC Exam Staff Issues Its First ComplianceAlert
PDF version On June 14, 2007, the SEC’s Office of Compliance, Inspections, and Examinations (OCIE) issued a ComplianceAlert, the first in what it has indicated will be a series of periodic updates that will summarize select areas that SEC examiners have found during examinations of brokerdealers, investment advisers, and investment companies. Legal and compliance departments at such firms can use the ComplianceAlert to help identify those deficiencies that the SEC staff has noted in the past and that may need to be addressed. >>> continued
NASD and NYSE Request Comment on Joint Guidance Regarding Review and Supervision of Electronic Communications
PDF version Last week, NASD and NYSE (collectively, SROs) issued a joint request for comment on proposed Joint Guidance regarding the review and supervision of electronic communications. The proposed Joint Guidance sets forth principles for member firms to consider when developing supervisory systems and procedures for electronic communications. The Comment Period on the proposed Joint Guidance ends on July 13, 2007. >>> continued