Money laundering deadline

Money Laundering Deadline Nears April 24, 2002 compliance date approaches. By John M. Baker, Esq. As I write this, we are one month from April 24, 2002, the date on which financial institutions are required to establish anti-money laundering programs, including, at a minimum– (A) the development of internal policies, […]


SEC’s Dear CFO Letter Posted

  Investment Management Division’s Views on Accounting Related Issues By John M. Baker, Esq. The accounting staff of the SEC’s Division of Investment Management on Friday posted its annual “Dear CFO” industry comment letter (Feb. 14, 2001). The comment letter addresses several accounting-related matters in filings made by registered investment […]

Investors News

New Consumer Protection Regulations Adopted

Sales Practices, solicitations, advertising regulations adopted By John M. Baker, Esq. The Office of the Comptroller of the Currency has posted the final version of consumer-protection regulations adopted by the OCC, FDIC, OTS, and Federal Reserve under the Gramm-Leach-Bliley Act. The regulations apply to retail sales practices, solicitations, advertising, and […]

Analysis Corp Finance

Variable Annuities Under Scrunity

SEC Notes Explosive Growth and Fee Issues, Shareholders Sue Over Fees By John M. Baker, Esq. Variable annuities typically do not get a great deal of attention from the SEC’s upper levels, but they were the subject of a speech by Investment Management Director Paul Roye before the National Association […]