More On Legal & Compliancefrom The Advisor's Professional Library
- Use and Misuse of Social Media Social media is an inexpensive and effective way to communicate with established and prospective clients. Nevertheless, when RIAs utilize social media to promote their advisory practices, they risk compliance problems for their firms.
- Updating Form ADV and Form U4 When it comes to disclosure on Form ADV, RIAs should assume information would be material to investors. When in doubt, RIAs should disclose information rather than arguing later with securities regulators that it was not material.
Those markets will likely respond on April 5 to the National Association of Realtor's release of pending home sales for February; on April 6 to release of the minutes of the FOMC's March 16 meeting; on April 7 to the Fed's release of consumer credit numbers for February; on April 8 to the latest retail sales figures; and on April 9, Friday, to wholesale inventories for February from the Commerce Department.
The House and Senate return from their Easter recess this week, and beginning on Wednesday, April 7, the Financial Crisis Inquiry Commission begins three consecutive days of hearings.
The FDIC's Sheila Bair has an op-ed in April 5's Wall Street Journal touting the FDIC model as the best one to ensure true financial services reform. The Federal Reserve's Ben Bernanke is scheduled to deliver major speeches on April 7 in Dallas and on April 8 back in Washington, DC. On April 4, U.K. Prime Minister Gordon Brown said the major Western nations were close to agreeing on a worldwide tax on banks to help protect against future bank failures.
In an April 3 Op-Ed in The New York Times, hedge fund manager Michael Burry of Scion Capital excoriates Alan Greenspan and the Fed for failing to predict the housing meltdown .
The April 4 New York Times Sunday Business section contains three stories worthy of note: one, by Natasha Singer, discusses the intricacies of a Merck lawsuit settlement that may have widespread implications for corporate governance; the second is a listing of CEO pay at a number of major U.S. companies. Finally, as March Madness ebbs with the men's national collegiate basketball championship being played April 5, Yale's Robert Shiller turns his restless mind to that serious financial research topic: what's the best strategy for the NFL draft?--in his regular column on April 4.