Investment Management Law and Regulation, Second Edition Harvey E. Bines, Steve Thel | Wolters Kluwer Law & Business

In its First Edition, this classic treatise called attention to the duty of reasonable care, the duty of loyalty and the public duty of fiduciaries to the marketplace. Grounded in the idea that prudent investing is to be defined by professional practices accepted as appropriate at the time of investment by the management, thereby permitting such practices to adapt to changing conditions and insights, the field of investment management law and regulation has at its center the goal of a common standard of care for investment.

Now in its Second Edition, this definitive guide to investment management law and regulation helps you to profitably adapt to today's new and changing conditions and anticipate tomorrow's regulatory response.

Here are just a few of the reasons why Investment Management Law and Regulation will be so valuable to you:

Explains and analyzes all the ins and outs of the law, clarifies the complexities, answers your questions, points out pitfalls and helps you avoid them

Covers the entire field in one volume, saves you valuable time and effort in finding information and searching through stacks of references

Ensures compliance with all relevant regulations, makes sure nothing is overlooked, protects you against costly mistakes

Updates you on the latest important changes, tells you what is happening now and what is likely to happen in the future Investment Management Law and Regulation is the only up-to-date volume to offer a comprehensive examination of the field of investment management law, covering everything from financial theory and legal theory to the various aspects of hands-on fund management. It's the only resource of its kind that:

Identifies and explains the financial theories that control the development of investment management law across management activities

Gives critical judicial, legislative, and regulatory history that makes recent law and regulation more comprehensible

Covers all areas of regulation governing the activities of investment managers, including marketing, suitability, advisory contacts, fees, exculpation and indemnification, performance, fiduciary obligations, conflicts of interest, best execution

Provides the practical tools that help predict more effectively how regulators will respond to new marketplace developments and products

Integrates investment management law and regulation for all institutional investment managers

And more Whether you are a manager, broker, banker, or legal counsel, a seasoned professional or just starting out, this treatise will quickly become your most trusted guide through the intricacies of this complex, critical, and closely scrutinized area

Part I: Principles of Investment Management Law

The Fundamental Principles of Investment Management Law
The Governing Statutory and Common-Law Systems
Part II: Establishing the Client-Manager Relationship
Developing New Business
Setting Investment Objectives
Special Problems in Structuring Investment Management Agreements
Part III: Structuring the Portfolio
The Imprecise Parameters of the old Jurisprudence of Prudence as the Measure of the Duty of Reasonable Care
Modern Portfolio Theory as a Tool to Measure Professional Competence
Prudent Investing as a Contemporary Issue
Ongoing Management: Executions
Executing Investment Decisions as a Legal Duty
Use of Commissions to Purchase Supplementary Services
Execution Conflicts of Interest

Bibliography

Table of Statutes

Table of Rules and Regulations

Table of Releases

Table of No-Action Letters

Table of Cases

Index