Guest Blogger: Gary Wright MCSI, CEO, B.I.S.S. Research LEIs (Legal Entity Identifiers) are becoming the most talked about acronym of today but could lose out if the development of the standard is limited to too narrow a focus. In the securities market I have been on the trail of LEIs for over twenty years, first
Compliance
Featured Speaker from FINRA Enforcement
We are pleased to have Sarah Green, Senior Director in the Enforcement Division at FINRA sitting on a panel at our upcoming 2nd Annual Financial Crime & AML Compliance breakfast briefing on July 18th. Sarah specializes in anti-money laundering (AML) and other Bank Secrecy Act issues and has responsibility for consulting with both examination and
Guest Blog
LEI: the Logical Step
Guest Blogger: Tom Brown, co-executive sponsor of the Regulatory Working Group at ISITC and Associate Partner at Brook Path Partners, Inc. The mission of ISITC is to develop standards and market practices designed to enhance efficiency across the transaction lifecycle by leveraging the expertise of our members. Recently, I participated in an International Organization for
Data Management
“What is” the LEI Initiative?
The Legal Entity Identifier (LEI) initiative is an effort to establish a global system that assigns reference numbers to uniquely identify entities involved in global securities trading markets. By using a global identification system, the industry can apply LEIs to mitigate financial risk, increase financial stability and provide new transparency into securities transactions. The system
Compliance
Is Your Fund Politically Intelligent?
Thanks to the upcoming presidential election, we have been flooded with campaign ads and promises from each candidate. So, I started to think about how the upcoming election will affect the financial services industry. With so much new regulation and legislation being put into place, can we even predict what will happen after November’s election?
Guest Blog
The Operational Due Diligence Opportunity for Hedge Funds
Guest Contributor: Jason Scharfman,, Esq., CFE, CRISC, Managing Partner, Corgentum Consulting In the past, many hedge fund managers may have cringed at the mere thought of an investor inquiring about conducting a distinct operational due diligence review. Such reticence represents a missed opportunity. Hedge funds often work hard over many years to develop strong operations and
Compliance
6 Steps to Implementing Operational Control
Guest Contributor: Patrick Murray, President & CEO, STP Investment Services Enron WorldCom Lehman Brothers AIG Madoff MF Global… Due to disastrous events at companies like those listed above, increased regulation and strict compliance requirements for financial firms are here to stay, and will continue to change and grow more complex for years to come. Firms
Guest Blog
The Mantra of Transparency: Unified Data and Systems for the BD
Guest Contributor: David Fetter, CEO of Quadron Data Solutions Another year is drawing to a close, and when reflecting upon 2011, it’s apparent to everyone that it has been a year of ups and downs. What has 2011 brought to the financial services industry – a mantra of transparency to be delivered through regulation and
Cloud
How to Launch a Hedge Fund … Did You Miss Out?
I am pleased to report that we received a ton of great feedback from our most recent How to Launch a Hedge Fund seminar in New York last week! Subjects discussed ranged from the up-front decisions and vendors needed to start a fund to the major legal issues a start-up would face. Sessions also got
Guest Blog
The Fiduciary Kerfuffle
Guest Contributor: Philip Lawton , Analyst, Aite Group Taxes, entitlements, and the national debt limit are not the only controversial topics in Washington this summer. The Securities and Exchange Commission’s proposal to apply a uniform fiduciary standard to investment advisers and broker-dealers alike has created a ruckus in the retail investment industry. The Securities Industry
