Part of the recent Work Flow of the 112th Congress in the House included the Financial Services Committee's Sub Committee on Capital Markets and Government Sponsored Enterprises review of The Mutual Fund Industry entitled:
Oversight of the Mutual Fund Industry: Ensuring Market Stability and Investor Confidence.
This report provides a fairly recent opportunity to connect with Our Key Decision Makers views on the Mutual Fund Industry and Regulation and to connect with the input of Key Industry Groups and Market Participants.
We have attached a link to a copy of this report for greater awareness on Mutual Fund Regulation Oversight thinking in Congress - here below.
Note: As Always Refresh your browser within the Text of the Doc to verify all text loads correctly as reading.
House 6-24-11 Rpt on Oversight of the Mutual Fund Industry
DCarsonCPA.com is the web presence of Dean T. Carson II, CPA we have area expertise in Asset Management, Investment Advisors and Companies under the SEC 40s Acts and the hands on skills from related Accounting, Operations, Financial and Management Reporting to support Client needs. We connect with the Related Accounting, Financial Reporting, Operations, Tax, Management Analysis and Compliance needs to best support your Business on Traditional and Strategic (Advisory) Services. Learn more at www.dcarsoncpa.com or reach us at info@dcarsoncpa.com
Showing posts with label Ch 2D Investment Companies. Show all posts
Showing posts with label Ch 2D Investment Companies. Show all posts
Tuesday, October 18, 2011
Wednesday, June 8, 2011
New News on the Front of State and Local Pension Funding.
A brief post here for some uplifting news on the Front of State and Local Pension Funding. NCPERS, "the largest trade association for public sector pension funds, representing more than 500 funds throughout the United States and Canada." "A unique nonprofit network of public trustees, administrators, public officials and investment professionals who collectively manage nearly $3 trillion in pension assets. Founded in 1941, NCPERS has been the principal trade association working to promote and protect pensions by focusing on advocacy, research and education for the benefit of public sector pension stakeholders." (1) June 7, 2011 :
Within these $3 Trillion in Pension Assets are a considerable amount of Assets captured within Investment Company Institutes $13.1 Trillion measurement of the US Fund Industry (Mutual, ETF and Unit Investment Trusts - UITs), (2) which we previously noted had been eclipsed by the national debt of $14.3 Trillion (not a good sign). Never the less, we are happy to take good news where we can find it these days and this NCPERS report is hopeful in it's conclusion that "reforms and structural changes" in Public Retirement Funds are starting to show some signs of improvement.
Here is a direct link to the NCPERS Report issued on
http://www.ncpers.org/Files/2011_06_ncpers_public_fund_study.pdf
Investment Companies are interconnected to Public Employee Retirement Funds for a portion of their Assets Under Management along with Institutional and Individual Investor Funded Programs so you have a three way connection to this report, The Investment Company Industry, Taxes that Fund Public Pensions (via Individual, Corporate and Service driven Taxes at the State and Local level), and the issue of Funding on the Local and State levels of the overall Debt Issues. We are glad to hear some news of improvement in Public Finances at the Local and State levels and hope it continues as the case.
With time we'll continue to look at Federal, State and Local Debts and Taxes and how it's all working together in this challenged Economy. Also we are aware that there are Local Governments in Favorable Financial Positions and welcome all of your news on the State of the States and thier Local Finances. Also take the time to follow us on Twitter where we are forwarding relevant news on these and other factors in the Economy. Like you we are looking forward to better news in the Economy and encourage progress on the Local, State and Federal Debts to better protect Our Nations Financial Future. Fix the Debt - tweet us #FTD if you are on it...we will when we find relevant news on twitter corresponding to Fix the Debt news and activity. Taken a step further we could add a rating system where + = good news and - = bad news. We need to encourage reponsible Fiscal Fiduciary Financial Legislation wirh aims to correctly balance key governmental services and debt reduction.
Sources (1) The NCPERS report as linked, (2) ICIs Recent 53rd annual report on the State of the US Fund Industry - the 2011 Investment Company Fact Book.
Within these $3 Trillion in Pension Assets are a considerable amount of Assets captured within Investment Company Institutes $13.1 Trillion measurement of the US Fund Industry (Mutual, ETF and Unit Investment Trusts - UITs), (2) which we previously noted had been eclipsed by the national debt of $14.3 Trillion (not a good sign). Never the less, we are happy to take good news where we can find it these days and this NCPERS report is hopeful in it's conclusion that "reforms and structural changes" in Public Retirement Funds are starting to show some signs of improvement.
Here is a direct link to the NCPERS Report issued on
http://www.ncpers.org/Files/2011_06_ncpers_public_fund_study.pdf
Investment Companies are interconnected to Public Employee Retirement Funds for a portion of their Assets Under Management along with Institutional and Individual Investor Funded Programs so you have a three way connection to this report, The Investment Company Industry, Taxes that Fund Public Pensions (via Individual, Corporate and Service driven Taxes at the State and Local level), and the issue of Funding on the Local and State levels of the overall Debt Issues. We are glad to hear some news of improvement in Public Finances at the Local and State levels and hope it continues as the case.
With time we'll continue to look at Federal, State and Local Debts and Taxes and how it's all working together in this challenged Economy. Also we are aware that there are Local Governments in Favorable Financial Positions and welcome all of your news on the State of the States and thier Local Finances. Also take the time to follow us on Twitter where we are forwarding relevant news on these and other factors in the Economy. Like you we are looking forward to better news in the Economy and encourage progress on the Local, State and Federal Debts to better protect Our Nations Financial Future. Fix the Debt - tweet us #FTD if you are on it...we will when we find relevant news on twitter corresponding to Fix the Debt news and activity. Taken a step further we could add a rating system where + = good news and - = bad news. We need to encourage reponsible Fiscal Fiduciary Financial Legislation wirh aims to correctly balance key governmental services and debt reduction.
Sources (1) The NCPERS report as linked, (2) ICIs Recent 53rd annual report on the State of the US Fund Industry - the 2011 Investment Company Fact Book.
Saturday, May 14, 2011
USC Title 15 Commerce and Trade Ch 2D Investment Companies and Advisers
The Asset Mangement Industry, specifically Investment Companies and Investment Advisers each covered under corresponding SEC Acts in the 1940s, can find their Legal Basis in US Code under Title 15 Commerce and Trade in CH 2D - Investment Companies and Advisors which provides significant guidance to the formation and operation of these entities, including penalties for the places where operations may not be in keeping with the Code. We are early in the review process of the Full Range of USC Title 15 so there is more to discuss on the matter from the viewpoint of the Compliance End where we can add value through knowledge of source laws in addition to GAAP.
We posses wide ranging specific Accounting, Reporting and Controlling driven expertise from Asset Management, Investment Banking and Financial Services at Large, we encourage you to call on us for your corresponding needs for Accounting, Taxation, Reporting, Advisory, Compliance and other related needs in expertise. You can find us at http://www.dcarsoncpa.com/ . We will continue to build out our discussions on the Asset Management business to be sure that you are aware that we are here for you on related CPA Services and Business Consulting. In the meantime be advised that while we are focusing on USC Title 15 as the Legal Source for the SEC Acts 40 on Investment Companies here, our mainstream guidance on the Accounting end is based on hands on experience.
Our Investment Management experience that includes several rounds of Investment Company Audits, SEC Audits, Financial Accounting, Operational Accounting, Financial Reporting, International Reporting and more in key Management Accounting roles in the Asset Management LOB. We draw upon further authoritative guidance from the SEC Acts, FASB and IFRS on Accounting and Financial Reporting that is non-compliance driven, AICPA Technical support and lastly progressive workflow with NYSSA Classes on Portfolio Management track knowledge on Products - Bonds, Equities,Options, Yield Curves, Pricing, Time Value Money, Discounting, Market Theories, Economics, Analytics, Statistics and more. All of which enhances our ability to support Asset Management and other Investment Banking Businesses. When you add the extra Portfolio Management focused knowledge to the existant hands on expertise over the years in the Investment Management Industry, we make a smart choice for a Business Partner on CPA Services and Business Consulting with the experience of having been on the operations side in leading roles.
We posses wide ranging specific Accounting, Reporting and Controlling driven expertise from Asset Management, Investment Banking and Financial Services at Large, we encourage you to call on us for your corresponding needs for Accounting, Taxation, Reporting, Advisory, Compliance and other related needs in expertise. You can find us at http://www.dcarsoncpa.com/ . We will continue to build out our discussions on the Asset Management business to be sure that you are aware that we are here for you on related CPA Services and Business Consulting. In the meantime be advised that while we are focusing on USC Title 15 as the Legal Source for the SEC Acts 40 on Investment Companies here, our mainstream guidance on the Accounting end is based on hands on experience.
Our Investment Management experience that includes several rounds of Investment Company Audits, SEC Audits, Financial Accounting, Operational Accounting, Financial Reporting, International Reporting and more in key Management Accounting roles in the Asset Management LOB. We draw upon further authoritative guidance from the SEC Acts, FASB and IFRS on Accounting and Financial Reporting that is non-compliance driven, AICPA Technical support and lastly progressive workflow with NYSSA Classes on Portfolio Management track knowledge on Products - Bonds, Equities,Options, Yield Curves, Pricing, Time Value Money, Discounting, Market Theories, Economics, Analytics, Statistics and more. All of which enhances our ability to support Asset Management and other Investment Banking Businesses. When you add the extra Portfolio Management focused knowledge to the existant hands on expertise over the years in the Investment Management Industry, we make a smart choice for a Business Partner on CPA Services and Business Consulting with the experience of having been on the operations side in leading roles.
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