Trading Practices, Portfolio Compliance & Related Enforcement Cases

Investment management partner Jeff Blumberg hosted a panel at the In-Person Investment Adviser Certified Compliance Professional Program Symposium titled, “Trading Practices, Portfolio Compliance & related Enforcement Cases.” 

The session focused on the critical risk area of portfolio compliance. Managing a client’s portfolio within relevant limitations and objectives is one of the most important fiduciary responsibilities of an investment adviser. Investment advisers are responsible for knowing their clients’ investment policies, guidelines and mandates, as well as any other applicable investment restrictions, and for managing their clients’ accounts strictly in accordance with such guidelines and restrictions. The SEC views consistency of portfolio management decisions with clients’ mandates as a primary internal control process.