Topic
Best Execution
54 published works
Source Code
Meeting Your Best Execution Obligation
So, let’s say your robo-adviser firm has created a brand new strategy that you think would be attractive to investors. You’ve registered your firm, licensed your personnel, built and tested…
Investment Management Regulatory Update
Meeting Your Best Execution Obligation
So, let’s say your robo-adviser firm has created a brand new strategy that you think would be attractive to investors. You’ve registered your firm, licensed your personnel, built and tested…
Global Regulation Tomorrow
ESMA provides clarifications for best execution reports under MiFID II
By Hannah Meakin (UK), Hannah McAslan (UK)
On 1 April 2020, the European Securities and Markets Authority (ESMA) issued a public statement intended to clarify issues regarding the publication by execution venues and firms of the general…
IM Insights
SEC Sanctions Adviser and Portfolio Manager for Improper Cross Trades and Failure to Seek Best Execution
By Kelley Howes, Michael Birnbaum
In a recently settled enforcement matter, the SEC imposed a $1 million penalty on an investment adviser based on findings that the adviser violated the Investment Advisers Act of 1940 (the…
Cleary Enforcement Watch
OCIE Risk Alert Focuses on “Best Execution” and Investment Advisers
By Alex Janghorbani, Carl F. Emigholz, Zachary Baum
On July 11, 2018, the Securities and Exchange Commission’s (“Commission”) Office of Compliance Inspections and Examinations (“OCIE”) published a risk alert describing common deficiencies that OCIE staff observed in recent…
Regulatory & Compliance Update
OCIE Best Execution Risk Alert: Guidance and Lessons for Private Fund Managers
By Bryan Daly, Marc E. Elovitz
On July 11, 2018, the Securities and Exchange Commission’s Office of Compliance Inspections and Examinations (“OCIE”) issued a Risk Alert focusing on the most common deficiencies relating to best execution…
Corporate & Financial Weekly Digest
OCIE Issues Risk Alert on Compliance Issues Related to Best Execution by Investment Advisers
By David Y. Dickstein, Elise W. Michael
On July 11, the Office of Compliance Inspections and Examinations (OCIE) of the Securities and Exchange Commission issued a Risk Alert to provide investment advisers and other market participants with…
Corporate & Financial Weekly Digest
MiFID II/MiFIR Q&A Updates Concerning Best Execution and Client Categorization
By Carolyn H. Jackson, Nathaniel Lalone, Neil Robson
On May 25, the European Securities and Markets Authority (ESMA) updated its questions and answers on the revised Markets in Financial Instruments Directive (MiFID II) and Markets in Financial Instruments…
Banking, Finance and Securities
ESMA updates MiFID II / MiFIR investor protection Q&As
The European Securities and Markets Authority (ESMA) has updated its Q&As on the implementation of investor protection topics under MiFID II and MiFIR. The topics that have been updated are…
Corporate & Financial Weekly Digest
FCA Highlights Best Execution Concerns at Investment Managers
By Neil Robson
On March 3, the UK Financial Conduct Authority (FCA) published a Press Release in which it expresses concern about how investment managers are failing to ensure effective oversight of best…