醉染图书美国管理经典案例研究9787504997920

目录

TABLE OF CONTENTS


CHAPTER 1 CONCEPT OF INVESTMENT COMPANY


SECTION 1.1 PRIMARY ENGAGEMENT: MANAGING INVESTMENTS VS OPERATING BUSINESS
Topic 1 Oraig Company vs Investment Company
Topic 2 Industrial Holding Company vs Spe Situation Investment Company
SECTION 1.2 TYPES OF REGISTERED INVESTMENT COMPANIES
Topic 1 “Redeemable Security”: Open-End/Closed-End Dichotomy
Topic 2 Interval Funds: Periodic Repurchasability vs Limited Redeemability
Topic 3 Exchange-Traded Fund: Open-End/Closed-End Hybrid
Topic 4 Money Market Fund: A Type of Open-End Investment Company




CHAPTER 2 MUTUAL FUND STRUCTURAL CONFLICTS; GOVERNANCE; OVERREACHING RISK


SECTION 2.1 FUCIARY NATURE OF DIER-FUND INVESTORS RELATIONSHIP
Topic 1 Structure of the Investment Company Industry
Topic 2 Fiduciary Duty in Respect of Management Fees
Topic 3 Fiduciary Restrictions on Profitable Transfer of Advisory Contract
SECTION 2.2 NEPENDENT WATCHDOG FOR FUND INVESTORS
Topic 1 Role of Mutual Fund Board
Topic 2 Fund’s Independent Directors: Watchdogs and the Watched
SECTION . REGULATORY STRICTURES PROTECTING FUNDS FROM AFFILIATE OVERREACHING
Topic 1 Prior Exemption Required of Affiliate “Acting as Principal” Involving Fund
Topic 2 Remuneration Limitation on Affiliate “Acting as Broker” for Fund
Topic 3 Prohibition of Affiliate “Acting as Agent” Compensated b Tir Party




CHAPTER 3 MUTUAL FUND DISTRIBUTION; TRADING; INVESTMENTS


SECTION 3.1 MUTUAL FUND DISTRIBUTION
Topic 1 Structure of Mutual Fund Distribution Finance
Topic 2 Prohibited Distribution Arrangement: IA Revenue Sharing for BD Shelf Space
SECTION 3.2 TRADING IN MUTUAL FUND SHARES
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Topic 1 Late Trading: Insider？6？8s Illegal Profits
Topic 2 Abusive Market Timing: Unfair Short-Term Arbitrage Profit
SECTION 3.3 MUTUAL FUND TRADING IN PORTFOLIO SECURITIES
Topic 1 Soft Dollar Practices
SECTION 3.4 MUTUAL FUND INVESTMENT AND LEVERAGE RESTRICTIONS
Topic 1 Fund of Funds: Pyramid vs Hub-and-Spokes


CHAPTER 4 INVESTMENT DIER REGULATION AND ENFORCEMENT UNDER DIERS ACT


SECTION 4.1 INVESTMENT DIER CONDUCT REGULATION
Topic 1 Statutory Investment Adviser and Exclusions
Topic 2 Registration, Exemption, and Reporting Regime for Statutory Advisers
Topic 3 Standards of Conduct: Investment Adviser vs Broker-Dealer
SECTION 4.2 INVESTMENT DIER ANTIFRAUD ENFORCEMENT
Topic 1 Antifraud Statute of Advisers Act
Topic 2 Fraudulent “Pay to Play” Practices
Topic 3 Misleading Investment Performance Advertising




CHAPTER 5 CERTAIN POOLED INVESTMENT VEHICLES BEYOND MUTUAL FUNDS


SECTION 5.1 INSURANCE COMPANY, SEPARATE ACCOUNTS, AND VARIABLE CONTRACTS
Topic 1 Ectoplasmic Theory: Insurance Company vs Variable Separate Account
Topic 2 Issuer of Securities: Insurance Company vs. Non-Unitized Separate Account
SECTION 5.2 BANK COMMON TRUST FUND AND COLLECTIVE INVESTMENT FUND
Topic 1 Fiduciary Trust Services vs Investment Management Services
Topic 2 Trust Funds and Pension Funds Maintained by Bank
SECTION 5.3 POOLED INVESTMENT VEHICLES FUNDING PENSION PLANS
Topic 1 Defined Benefit vs Defined Contribution
SECTION 5.4 STRUCTURED FINANCING VEHICLES
Topic 1 Mortgage-Related Pools
SECTION 5.5 PRIVATE INVESTMENT COMPANIES
Topic 1 Hedge Fund
Topic 2 Performance Fee

姚承曦，姚承曦现任中国广东汕头大学商学院金融与券监管学教授。教学与科研方向为中、美金融市场监管。任职汕头大学之前，姚承曦在美国券监管部门与券业界工作近二十年。在监管部门，姚承曦历任美国金融监管局(FINRA)法律总顾问处律师、纳斯达克(NASDA)靠前市场法律顾问、纽约交易所(NYSE)券商监管不错律师、纽约交易所亚太地区(包括中国)以及加拿大在美上市公司事务经理。在金融与券业界，姚承曦先后任区域大型券商公司监察副总裁和资本市场法律顾问、区域大型银行控股公司副总裁兼法律顾问。其后在优选很大共同富达集团任靠前资本市场监管副总裁。