Carl Ayers

Legal action could give you more time to comply with the DOL's new fiduciary duty rule, tips for combatting elder financial fraud, be sure to get ready for T+1, and much more

"The fundamental problem is that we are not examining investor protection, efficiency, competition, and capital formation in a steady state ecosystem. Rather, it is fast-changing, with multiple drivers of the change that are in constant flux"

"This Council should remain vigilant in monitoring the mortgage-backed securities market, including non-bank mortgage servicers and their associated risks — from liquidity risks to leverage risks and operational risks"

The joint proposal would require SEC-registered investment advisers and exempt reporting advisers to implement reasonable procedures to verify the identities of their customers

This is the joint SEC/FinCEN proposal that would require SEC RIAs to maintain a CIP or customer identification program

Among other things, this proposal would mandate that advisers must verify a customer's or an entity's identity 'within a reasonable time before or after the customer's account is opened'

"The proposed rule is designed to make it more difficult to use false identities to establish customer relationships with investment advisers"

"It is difficult to envision a money laundering concern that should be addressed with these activities, and it is unreasonable to require advisers to implement a CIP and verify customer identities in these circumstances"

He failed to disclose his financial interest in a group of private affiliated companies that had committed to investing $30 million in a company that went bankrupt

The Fund filed a lawsuit against Production Company A, the Joint Venture, and Film Studio A seeking repayment of the amounts outstanding on these loans, including principal, interest, and penalty interest