In Brief: Lawyers Write How-To for Fund Sales Staff

Targeting an emerging area of compliance, a book detailing mutual fund sales rules is out. "Bank Sales of Nondeposit Investment Products: A Compliance Guide" was written by banking lawyers James M. Rockett and Keith D. Ungles. The guide is for anyone at a bank who operates an investment products sales program. Included is advice on how to design a board policy statement, review products and providers, and draft third-party vendor agreements. It also gives tips on how to avoid problems with regulatory exams and lawsuits. The $130 price includes a computer diskette to help banks design a compliance procedures manual. Call 1-800-221-9428 for more information.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER