Category Archive for: Investment Advisors

Finra Reflects on the SRO Model

Finra Executive Vice President, Thomas M. Selman, spoke at the Investment Program Association Fall Conference on November 15, 2012 and made some interesting comments.  (IPAFC)  I have extracted some of the better parts below. Here’s another pitch for Finra (and not the SEC) to regulate Investment Advisors: Despite the longstanding faith in the SRO model,…

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Shale Gas Bubble Evidence Continues to Grow

Geological consultant and energy expert, Arthur Berman, has an interview with Oilprice.com with some frightening observations.  (Oilprice)  The most sobering may be the following: A lot of investors from other parts of the world, particularly the oil-rich parts have been making somewhat high-risk investments in the United States for many years and, for a long…

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Finra Guidance on Investment Advisor Arbitration

Finra has published guidance for Investment Advisors at non-member firms who wish to utilize the Finra Dispute Resolutions platform.  (Finra)  You can see our previous coverage of this here.  The full text is below: FINRA Dispute Resolution has received inquiries from lawyers who represent investors and those who represent investment advisers (IAs) which are not…

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Finra to Facilitate RIA Arbitrations

Bruce Kelly, of InvestmentNews, reports that Finra will soon open its dispute resolution arbitration platform to registered investment advisors.  (IN)  This is good news for RIA investors because those arbitrations have typically been heard in AAA or JAMS forums, which are much more expensive.  RIA firms may also welcome the lower costs. Finra Dispute Resolution…

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Implications of the Dodd-Frank Act on Private Funds

Henry Raschen of HSBC Securities, has a short piece at FTSEGlobalMarkets.com about the Dodd-Frank Act (“DFA”).  (FTSEGM).  Some quick take-aways: The registration requirement applies to US private advisers and non-US private advisers that advise funds with US investors; Many smaller non-US domiciled private advisers may have failed to register correctly; All registered private advisers with…

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SEC Announces Over 1,500 Private Fund Advisors Register as Investment Advisors

As a result of the Dodd-Frank legislation, hedge fund, private equity fund and other fund managers are having to register as Investment Advisors with the SEC.  This is a significant development as trillions of assets are now coming under the aegis (and scrutiny) of the SEC.  We will have more commentary on this later, but…

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