Home | Business News | Browse by Publication | B | Business Travel News

Regulations spur finance cos. to alter mtgs. policy.

Publication: Business Travel News
Publication Date: 03-APR-06 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Regulatory scrutiny is changing the way buyers at U.S. financial services companies approach corporate meetings and Incentives. New banking rules coming into effect next year also have financial companies changing the requirements for the use of third-party providers.

In addition to avoiding the appearance of improper spending and accounting practices, buyers must ensure their companies comply with Sarbanes-Oxley regulations. Now, the National Association of Securities Dealers, the private securities industry regulator officially known by its acronym, has proposed an expansion of Conduct Rule 2311, which prohibits non-cash compensation and sales contests, including travel incentives.

The expansion also would prohibit holding education and training events out of the country. The Securities Industry Association has posted an open letter to NASD, stating that the expansion would negatively affect its members. In particular,...

View this article FREE - Now for a Limited Time, try Goliath Business News
Free for 3 Days!



More articles from Business Travel News
The future of conferences: in the past 25 years, technology has transf..., April 03, 2006
U.S. airfares rise: 2005 shows consecutive quarterly hikes after years..., April 03, 2006
Topaz quantifies TMC, Internet fare pricing gap., April 03, 2006
CWT enhances automation for European midmarket, small clients., April 03, 2006
Study: cell phones disrupt inflight ops., April 03, 2006

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.