Managing phantom employees | LinkedIn and liability

Managing phantom employees | LinkedIn and liability
This post is the second of two discussing corporations and LinkedIn. In part one, we explained how LinkedIn company pages can include “phantom employees” – individuals that appear to be – but are not — employed by that firm.

LinkedIn’s phantom employees

LinkedIn’s phantom employees
LinkedIn is the place where the business world connects – but among all the conversations happening on the site, it’s not surprising that there are a few wrong numbers. Crossed wires are particularly likely to occur in the interaction between individuals and companies, when members link their personal profiles to company pages.

Significant differences in intermediary oversight practices, says SEC

Significant differences in intermediary oversight practices, says SEC
The SEC has completed the first part of its review of omnibus arrangements and reached a consensus – which is that there is little consensus among fund firms about how best to manage intermediary oversight.

Naughty or nice? How boards can get on the SEC’s good side

Naughty or nice? How boards can get on the SEC’s good side

Since the crisis, the SEC has been more focused than ever on board governance. Kevin Kelcourse, assistant director in the asset management unit of the SEC’s Boston office, told a NICSA GMM session that isn’t going to change. Read more...

How to make your business continuity plan SEC-ready

How to make your business continuity plan SEC-ready
Are you ready for the next disaster? The SEC wants to be sure that you are. In a recent National Exam Program Risk Alert, the SEC’s Office of Compliance Inspections and Examinations encourages investment advisers to take a fresh look at their business continuity plans in light of the lessons learned from Hurricane Sandy.

Wall Street Journal feature | Analysis of SEC’s money market fund proposals

Wall Street Journal feature | Analysis of SEC’s money market fund proposals
How will the SEC’s proposals for changes in money market fund regulation affect the average investor? The SEC has suggested exempting retail funds from any requirement for a floating net asset value, but those same funds would still need to adopt restrictions on redemptions, if those become mandatory.

FICCA | Not a silver bullet but a key oversight tool

FICCA | Not a silver bullet but a key oversight tool

When it comes to intermediary oversight, FICCA may be the best and most comprehensive tool in a fund company’s toolkit.

That’s the view of a panel of industry experts who addressed the West Coast Regional meeting in Los Angeles earlier this month. Experts from Franklin Templeton, BFDS, and American Funds were speaking about the most effective tools and processes available today for third-party oversight.

Welcome to the Wild West | Mutual fund regulation update

Welcome to the Wild West | Mutual fund regulation update

At the West Coast Regional meeting held in Los Angeles earlier this month, Mike Downer, Senior Vice President, Secretary and Chief Legal Officer
, Capital Research and Management Company, addressed the current regulatory environment for mutual funds in light of changes in the way funds are distributed. Here is a summary of his insights.

Financial Times feature | Complex funds need better risk disclosure

Financial Times feature | Complex funds need better risk disclosure

Assessing the risks associated with mutual fund investments have become a challenge for today's investor.

With the introduction of non-traditional securities and investment techniques, traditional investments have started to take a back seat. However, when it comes to risk assessment, investors are forced to rely on outdated, confusing information about their investments.

In this Financial Times feature, Complex funds need better risk disclosure, Bob Pozen, senior lecturer at the Harvard Business School, and Theresa Hamacher, President, NICSA, suggest that funds establish standardized, quantitative measures to help investors understand and evaluate overall investment risk better than the traditional method.

7 guiding principles for omnibus governance

7 guiding principles for omnibus governance

The number of accounts within the omnibus model has grown exponentially over the past 10 years.

There is no question that omnibus is the best way to serve customers efficiently and effectively, but when it comes to fees, there is no clear cut line between service and distributors causing uncertainty and confusion.

We let the experts from Deloitte, ING Funds and Pershing share their thoughts and perspectives in a panel discussion, "Omnibus: A Governance and Risk Perspective" at the 2013 NICSA Annual Conference in Miami. Here's what they had to say...

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