First to Regulate

Massachusetts First to Regulate Use of Expert Network Services

In what appears to be the first attempt to oversee expert network firms, the Massachusetts Securities Division has passed regulations to prevent such firms from dealing insider information. The move makes Massachusetts the first state to weigh in on concerns that consultants hired by investment advisers, whether directly or through expert networks, obtain confidential insider information under the guise of consulting arrangements. Please click here for a complete summary of the regulations.