Unique Issues for Financial Institutions Maintaining a Trading Account for, or Managing, Government Funds

On February 26, Skadden held a webinar titled “Unique Issues for Financial Institutions Maintaining a Trading Account for, or Managing, Government Funds: Investment and Depository Rules, Lobbying Laws and Placement Agent Restrictions.” Skadden attorneys reviewed the jurisdiction- and government entity-specific rules that apply to firms that manage, hold or invest money for state and local government entities, and explained how to deal with the unique issues that arise in this evolving area, including observations regarding enforcement priorities, how to best mitigate potential issues, and how to address scrutiny from state auditors. Partner Ki Hong and counsel Charles Ricciardelli spoke.