Compliance Pitfalls with Fixed Income Odd Lot Securities

Compliance Pitfalls

Back in December 2016 the Securities and Exchange Commission (“SEC”) brought a case against PIMCO whereby PIMCO used odd lot securities in a newly launched fixed income fund. At the time, PIMCO agreed to be censured and consented to the SEC’s order without admitting or denying the findings that the...

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Protect Yourself From Card Skimming This Summer!

credit card street skimming

It’s summer time, sunscreen in your pocket while you’re vacation to a popular, sunny getaway…or a business trip.  After swiping to cover that delicious dinner, your waiter returns with your credit card, the same card you used for those soft serve ice cream cones.  Viola, a call from a 1-800...

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GDPR – A Primer


As you know, unlike MFIDII or other pan-European regulations, the General Data Protection Regulation ( GDPR ) reaches beyond the EU and impacts those businesses that formerly thought they were safely ensconced in the U.S. For some, they are still wondering if they have to comply with it….I mean, shouldn’t...

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Don’t Commit a Foul During One-on-One Presentations

Although basketball is a team sport, one-on-one games are great exercise. Typically, players call their own fouls. When it comes to one-on-one presentations, however, examiners may call a foul on investment advisers who mislead clients and prospects. In its September 14, 2017 Risk Alert, the Office of Compliance Inspections and...

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