Alert May 26, 2009

Investment Management Compliance Testing Survey Released

The Investment Adviser Association, ACA Compliance Group, ACA Insight, and Old Mutual Asset Management made available the aggregate results of a survey of 440 compliance professionals, representing a range of SEC-registered investment advisers.   The survey focuses on the impact of recent events in the financial markets and regulatory/enforcement activity on compliance programs and examines testing practices in the areas of risk management, custody and safekeeping of client assets, marketing and advertising, and portfolio management.