United States: SEC Identifies Compliance Deficiencies In Fixed Income Principal And Cross Trades - Cadwalader, Wickersham & Taft LLP

United States: SEC Identifies Compliance Deficiencies In Fixed Income Principal And Cross Trades - Cadwalader, Wickersham & Taft LLP

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The SEC Department of Examinations (the "Department") observed deficiencies with respect to compliance programs, conflicts of interest and disclosures in the practices of investment advisers executing principal and cross trades in fixed income securities.

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