New Frontiers in Compliance

Abstract

In an era of increased regulatory oversight (not to mention litigious clients), compliance procedures need to be forward-looking, complete, scalable, and part of the order generation process. Compliance officers and fiduciaries must have simple, understandable documented evaluations of 1) where their portfolios were, and are, in risk-return space, and 2) all trades, detailing their effect upon portfolios in terms of risk and return (and taxes, if applicable) along with a statement or code regarding their relationship to any investment restrictions.