Compliance Solutions for Investment Advisers

Category Archives: Portfolio Management

Conflicts of Interest in Investment Allocation

Conflicts of interest in allocating investment opportunities among your advisory clients can arise in a multitude of situations, including: Accounts subject to performance fees versus those that do not pay performance fees; Accounts that pay a higher investment management fee versus those that pay lower management fees; Accounts that have a strategic relationship with your


I was reviewing some of the more interesting and relevant SEC Enforcement cases and came across the cherry-picking scheme of J.S. Oliver Capital Management, a San Diego-based investment adviser, and its President, Ian Mausner. According to the SEC complaint, they engaged in a cherry-picking scheme that awarded more profitable trades to hedge funds in which Mausner

SEC Issues Muni Bond Investor Bulletin

The Securities and Exchange Commission today issued an Investor Bulletin to help purchasers of municipal bonds better assess the bonds’ credit risks.  The bulletin provides several factors for investors to consider including the type of the bond, the purpose and nature of the financing, the overall financial condition of the issuer, and the sources of funds to pay