What's the Implication of Outsourcing "Roles"?
The last ten years have been rough for the mutual fund industry. Market timing and late trading scandals in 2003 led to a substantially more demanding regulatory environment, including the adoption of the rule requiring funds to designate a compliance officer and implement a comprehensive compliance program, which presented fund boards with the tools for overseeing compliance and explicitly assigned them responsibilities relating to the compliance function. The Sarbanes-Oxley legislation...
To continue reading this story
Please note: That all fields marked with an asterisk (*) are required.