NASAA Finds Many Investment Advisers Have Deficient Compliance Programs; Proposes “Best Practices”

December 01, 2007

Hundreds of investment advisers throughout the U.S. have compliance program deficiencies, according to the North American Securities Administrators Association's ("NASAA") recent nationwide series of coordinated examinations. In conjunction with the release of these results, NASAA also issued an updated series of "best practices" to assist advisers in developing their compliance practices and procedures and reduce their potential for regulatory violations.

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