Hybrid Theory
THE DAILY CLOSE
According to a recent survey from the Securities Industry Association (SIA), compliance-related costs have risen over the past three years—from $13 billion in 2002 to $25 billion in 2005. This is hardly news, as everyone in the financial services industry has weathered the post-Enron and WorldCom backlash, as well as post-9/11 reactions by federal regulators.
The SIA's survey, "The Cost of Compliance in the US Securities Industry," states that one of the greatest costs of compliance is the simple
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