More On Legal & Compliance
from The Advisor's Professional Library- Regulatory Oversight of Investment Advisors Although the regulatory environment is in a state of flux, it is imperative that RIAs adhere to their compliance obligations. To ensure compliance, RIAs and IARs must fully understand what those obligations are.
- Nothing but the Best Execution Along with the many other fiduciary obligations owed by RIAs, firms owe a duty to seek best execution of clients’ transactions. If they fail to do, RIAs violate Section 206 of the Investment Advisers Act.
Rep. Barney Frank, D-Mass., Ranking Member of the House Financial Services Committee, has announced the Committee’s six subcommittee Ranking Members along with the Democratic members of those committees. These recommendations, the committee notes, will be forwarded to the Democratic Caucus for final approval.
The Subcommittees’ make-up is as follows:
Subcommittee on Capital Markets and Government Sponsored Enterprises:
Maxine Waters of California, Ranking Member
Gary Ackerman (NY)
Brad Sherman (CA)
Ruben Hinojosa (TX)
Stephen Lynch (MA)
Brad Miller (NC)
Carolyn Maloney (NY)
Gwen Moore (WI)
Ed Perlmutter (CO)
Joe Donnelly (IN)
Andre Carson (IN)
Jim Himes (CT)
Gary Peters (MI)
Al Green (TX)
Keith Ellison (MN)
Subcommittee on Domestic Monetary Policy and Technology:
William Lacy Clay of Missouri, Ranking Member
Carolyn Maloney (NY)
Gregory Meeks (NY)
Al Green (TX)
Emanuel Cleaver (MO)
Gary Peters (MI)
Subcommittee on Financial Institutions and Consumer Credit
Carolyn Maloney of New York, Ranking Member
Luis Gutierrez (IL)
Mel Watt (NC)
Gary Ackerman (NY)
Ruben Hinojosa (TX)
Carolyn McCarthy (NY)
Joe Baca (CA)
Brad Miller (NC)
David Scott (GA)
Nydia Velazquez (NY)
Gregory Meeks (NY)
Stephen Lynch (MA)
John Carney (DE)
Subcommittee on Insurance, Housing and Community Opportunity
Luis Gutierrez of Illinois, Ranking Member
Maxine Waters (CA)
Nydia Velazquez (NY)
Emanuel Cleaver (MO)
William Lacy Clay (MO)
Mel Watt (NC)
Brad Sherman (CA)
Michael Capuano (MA)
Subcommittee on International Monetary Policy and Trade
Carolyn McCarthy of New York, Ranking Member
Gwen Moore (WI)
Andre Carson (IN)
David Scott (GA)
Ed Perlmutter (CO)
Joe Donnelly (IN)
Subcommittee on Oversight and Investigations
Michael Capuano of Massachusetts, Ranking Member
Stephen F. Lynch (MA)
Maxine Waters (CA)
Joe Baca (CA)
Brad Miller (NC)
Keith Ellison (MN)
Jim Himes (CT)
John Carney (DE)
