The Commission brought a settled administrative action against an investment adviser that engaged in over a hundred cross trades by selling securities from certain advisory client accounts to counter-party broker-dealers on day 1, and then on day 2 repurchasing the same securities from the same broker-dealers for the accounts of certain other advisory clients.
The companies agreed to strengthen the strategic alliance they announced in 2006, which will include expanding their M&A relationship and forming a steering committee to jointly review certain advisory opportunities.
Mr. Volcker said Andersen should focus on performing audit work and should abandon consulting, certain tax advisory and other services, which critics have argued create a conflict of interest for auditors.
Arthur Andersen took a concrete step toward restructuring itself yesterday by hiring an investment bank to help it separate its auditing services from other business lines, like its consulting and certain tax advisory units.
Congress has in the past enacted statutes exempting persons in certain positions usually advisory in nature from the provisions of some or all of the former conflict of interest laws.
Bahçeşehir University associate professor Christian Christiansen questioned the backgrounds of certain PTC advisory board members as not consistent with their stance on morality.
As a traditional institution, the Duma (meaning "deliberation") had precedents in certain deliberative and advisory councils of pre-Soviet Russia, notably in the boyar dumas (existing from the 10th to the 17th century) and the city dumas (1785 1917).
In reaction to evidence that the drug-eluting stents might be dangerous in certain situations, an advisory panel of the U.S. Food and Drug Administration recommended in late 2006 that they not be used in off-label applications.
"Hundreds of thousands of Americans travel abroad each year, but only a small percentage bother to check on our advisories for certain countries or regions," says a State Department official.
In January of this year, the second biggest maker of ATMs, Diebold, warned customers in an advisory that certain cash machines in Eastern Europe had been loaded with malicious software capable of stealing financial information and the secret PINs from customers performing ATM transactions.
Aker Kvaerner is providing the basic engineering design, technical advisory services, and certain offshore equipment procurement service.
