PT  - JOURNAL ARTICLE
AU  - Paul A Samuelson
AU  - Evan Schulman
TI  - New Frontiers in Compliance
AID  - 10.3905/jpm.2005.570148
DP  - 2005 Jul 31
TA  - The Journal of Portfolio Management
PG  - 44--47
VI  - 31
IP  - 4
4099  - https://pm-research.com/content/31/4/44.short
4100  - https://pm-research.com/content/31/4/44.full
AB  - In an era of increased regulatory oversight (not to mention litigious clients), compliance procedures need to be forward-looking, complete, scalable, and part of the order generation process. Compliance officers and fiduciaries must have simple, understandable documented evaluations of 1) where their portfolios were, and are, in risk-return space, and 2) all trades, detailing their effect upon portfolios in terms of risk and return (and taxes, if applicable) along with a statement or code regarding their relationship to any investment restrictions.