X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

For years, sell-side brokerage firms have arranged, for compensation, meetings between managers of publicly-traded corporations and institutional investors. This practice is commonly referred to as "corporate access." Recently, however, corporate access has attracted an increasing amount of attention. According to media reports, as part of its ongoing insider trading crackdown, the U.S. Securities and Exchange Commission (SEC) has warned investment banks about the need to ensure that such meetings do not result in the improper exchange of privileged information.1 And earlier this year, the Financial Times ran a series of articles on corporate access,2 which reported that many chief executives were unaware that their brokers charged investors, such as hedge fund and mutual fund managers, up to $20,000 for such meetings.3 Shortly thereafter, the FT revealed that the United Kingdom's Financial Services Authority would review whether the practice violates U.K. rules prescribing the acceptable uses of client commissions.4

This content has been archived. It is available exclusively through our partner LexisNexis®.

To view this content, please continue to Lexis Advance®.

Not a Lexis Advance® Subscriber? Subscribe Now

Why am I seeing this?

LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® customers will be able to access and use ALM's content by subscribing to the LexisNexis® services via Lexis Advance®. This includes content from the National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.

ALM's content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.

For questions call 1-877-256-2472 or contact us at customercare@alm.com

 
 

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.