New Jersey Legal Update - Podcast # 21

Posted on January 6, 2006 by
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This week's New Jersey Legal Update podcast will discuss Section 28(e) of the Exchange Act of 1934 which creates a "safe harbor" that is intended to protect money managers against a claims of breaching client fiduciary duties when they use client funds to purchase "brokerage and research services" for their managed accounts.

Recently, the SEC released its "Commission Guidance Regarding Client Commission Practices under Section 28(e)" in an effort to the industries' call for guidance. This week's podcast will focus on the main points of the SEC Guidance and will also loop in many of the comments made by industry leaders who have pointed out what they perceive to be still unresolved issues.

This week's New Jersey Legal Update is presented by Joseph Cascarelli, a member of the Firm's Securities Compliance & Arbitration group.

You can download the New Jersey Legal Update Podcast # 21 here.(16MB)

A narrative of this podcast be read here.

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