Publication
Government Investigations in Singapore 2025
We have contributed the Singapore chapter of Getting the Deal Through, Government Investigations 2025.
United States | Publication | May 11, 2020
The two-year Treasury yield hit a record low last week. Unattractive interest rates and a volatile stock market will cause investors to look for larger returns without involvement in the stock market. History teaches us that this combination leaves investors vulnerable to the lure of a Ponzi scheme.
Registered representatives, too, will be looking for alternatives for their customers that can give them the returns that more traditional investments currently cannot provide. Some representatives may also need more cash themselves, as both investors and those in the industry may be feeling the "pinch" from the current economic turmoil. Increased selling away activity is likely to follow.
And finally, with both registered representatives and back offices working remotely, supervision may be more challenging than ever.
Firms would be well-served to review their field supervision operations (and make an internal record of having done so), and might consider the following additional measures:
Send a Field Supervision Alert reminding registered representatives of the following:
Send an investor education reminder to customers that:
A robust supervisory structure with written documentation is a firm's best defense to a selling away claim. A few alerts and written updates now may pay big dividends in the future if a defrauded investor seeks to hold the firm liable for the unauthorized activities of its registered representative.
Publication
We have contributed the Singapore chapter of Getting the Deal Through, Government Investigations 2025.
Publication
The private credit market and direct lending have grown and diversified immensely in the past decade, offering alternative sources and terms of debt compared to those historically provided by the syndicated leveraged loan and public issuance markets. Consequently, they are fast becoming pivotal components in the capital ecosystem, so much so that the Bank of England consider that the private credit market is currently responsible for approximately $1.8 trillion of debt issuance, which is four times its size in 2015. This growth has been particularly pronounced in Europe and the US but there has also been significant activity in Asia.
Publication
The EU’s Artificial Intelligence Regulation, commonly referred to as the AI Act, is expected to come into force during the summer of 2024 (the AI Act). The AI Act will be the first comprehensive legal framework for the use and development of artificial intelligence (AI), and is intended to ensure that AI systems developed and used in the EU are safe, transparent, traceable, non-discriminatory and environmentally friendly.
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