EMF Financial Products Announces New Regulatory and Compliance Initiatives.NEW YORK, March 5 /PRNewswire/ -- EMF Financial Products LLC ("EMF"), today announced it has undertaken a firm-wide initiative to further strengthen its state-of-the-industry regulatory and compliance practices. Among other operational enhancements, the firm has engaged ACA Compliance Group ("ACA"), a leading regulatory compliance consultancy. Under the terms of the engagement, ACA will conduct multiple reviews of EMF's compliance policies and procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental throughout the year. The reviews will focus on a wide range of operational practices including compliance with existing and evolving regulatory requirements, portfolio management processes, trading practices, record-keeping, valuation, client asset safeguards and privacy protections, as well as business continuity plans. "Our business has changed dramatically over the last 11 years. We and our clients continue to put the highest premium on best practices and a solid infrastructure," said Eric Flanagan, Founder and Managing Member. "While our existing policies and procedures are robust, we took this action as part of our long-term commitment to running our business in the best and most professional manner possible," said David Gottlieb, Senior Partner. ACA, founded in 2002, is a full-service compliance consulting firm comprised of former SEC, FINRA, NYSE NYSE See: New York Stock Exchange and state regulators as well as former senior in-house compliance managers. ACA conducts more than 100 mock SEC audits and annual compliance program reviews annually. About EMF Financial Products LLC ("EMF") EMF Financial Products LLC is a leading alternative investment firm headquartered in New York. Founded in 1998, EMF is a specialist in fixed income arbitrage Fixed-income arbitrage is an investment strategy generally associated with hedge funds, which consists of the discovery and exploitation of inefficiencies in the pricing of bonds, i.e. instruments from either public or private issuers yielding a contractually fixed stream of income. investment strategies and is registered with the Securities and Exchange Commission and the Commodity Futures Trading Commission The Commodity Futures Trading Commission (CFTC), the federal regulatory agency for futures trading, was established by the Commodity Futures Trading Commission Act of 1974 (88 Stat. 1389; 7 U.S.C.A. 4a), approved October 23, 1974. . SOURCE EMF Financial Products LLC |
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