Fed Group Releases Legal Guidelines On Transactions
ASSOCIATIONS
NEW YORK--The Financial Markets Lawyers Group (FMLG), an independent body which is sponsored by the Federal Reserve Bank of New York, has released a paper offering legal guidelines on financial transactions involving intermediaries such as investment advisors.
The guidelines are designed to "foster certainty in the marketplace" and promote practices that ensure trading activity complies with the "expectations of all parties", says a spokesperson for the FMLG.
The paper provides a definition of
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