The responsibilities of unclaimed property compliance for mutual funds can often get lost amidst the plethora of regulatory compliance obligations that financial services firms face. Nonetheless, it is essential to keep up to date with rapidly changing state escheat laws in order to minimize the risk of costly audits and protect shareholder assets from escheatment. […]
Mutual Funds (9 articles)
Investor retention programs can help mutual fund companies locate and protect at-risk investors more than by simply conducting the required SEC searches. Here you will find news and articles designed to help retain investors, keep assets under management, and improve investor perception.
Seemingly empowered by the audit of the life insurance industry, unclaimed property auditors have turned their attention to the mutual fund industry with a focus on identifying Individual Retirement Account (IRA) owners who may have died. Massachusetts State Treasury Requests National Records In recent months, the Massachusetts State Treasury has demanded mutual fund records in […]
Managing unclaimed property compliance is critical to a company’s risk and governance program. Key decision-makers, such as Chief Compliance Officers, must understand the fundamental unclaimed property principles while monitoring the legislative environment for the latest regulatory developments, industry updates and trends. In order to stay abreast of the legislative and regulatory landscape, those tasked with […]
Beginning tonight, the 2014 NICSA Strategic Leadership Conference will kick off in Hollywood, Florida at the Westin Diplomat. Keane Chief Operating Officer, Nick Nichols will serve as co-chair of this year’s conference, titled “Managing the Investment Firm in a Global World”. At the Strategic Leadership Conference, members will have the opportunity to network with fellow […]
The deadline has arrived for the broker-dealer community to comply with the new and amended Securities and Exchange Commission (“SEC”) regulations. The lost securityholder search requirements of SEC Regulation 17Ad-17, as well as a new requirement to notify unresponsive payees were extended to the broker-dealer community with the passage of the Dodd-Frank Act in 2010. […]