Study Show Compliance As Sales Tool; But Some Alternative Asset Managers Lag

Asset managers lag their traditional counterparts when it comes to compliance, according to a new study, but there is one thing all can agree on: Increased individual prosecutions undertaken by the Securities and Exchange Commission appear to be having the desired impact of keeping alternative asset managers on their toes.

Survey documents attitudes towards regulatory compliance in light of increased enforcement

When asked “How do you feel now that the SEC is more frequently naming and prosecuting individuals?” fully eighty percent of all respondents were “very concerned” or “concerned.”

The July Cipperman Compliance Services survey asked asset managers, broker dealers, alternative asset managers, wealth managers and other financial professionals questions about compliance best practices such as “what is...