The Great Recession that the United States and the world went through in the years surrounding 2007 was pretty bad. Millions of homeowners across the country lost their homes to foreclosure because they got so far underwater that they simply couldn’t keep up with their mortgages and interest rates. People lost thousands upon thousands of dollars in investments, they watched their retirement funds dwindle, and millions of people lost their jobs. For many Americans, it would be hard to overstate just how devastating this recession truly was. Every American should be grateful that the government and individuals were able to pull together to make sure that it didn’t go on indefinitely, something that would have destabilized the world and potentially led to all sorts of conflicts around the globe.
Although the financial industry has always been regulated to some degree by the federal government, such regulations became much more popular in the immediate aftermath of the recession. It’s quite possible that the incoming president will reverse many of these regulations, and it’s hard to know what kind of impact that will have. What is true, though, is that there will still likely be more regulations in place in the coming years than there were when the Great Recession actually occurred.
Although the bond industry didn’t have much to do with how the Great Recession came about, it remains one of the industries that is heavily regulated by the federal government. The main goal of the federal government in regulating bonds is to make sure that profits made from bonds aren’t used in higher risk, higher-yielding investments in great numbers. All sorts of arbitrage compliance regulations and rules have been put in place to dissuade people from taking their profits from tax-advantaged bonds and turning them into greater profits by investing them in high-risk investments. The rules and regulations surrounding these types of transactions fall into what is known as bond compliance, and the government is quite serious about regulating bonds at all levels.
While the purpose of such regulations is to keep the bond industry from getting too risky and thus causing problems for the rest of the economy, these regulations often get so complicated that they are hard for the average person to keep up with. This is precisely why most people turn to professional accounting firms like Arbitrage Compliance Specialists when they need their bonds checked over to make sure they are compliant. The team of professional accountants at Arbitrage Compliance Specialists work tirelessly to ensure that all of their clients are being fully compliant with the rules and regulations surrounding the industry. If you were to spend just an hour on their website it would become abundantly clear to you that this particular topic is incredibly complicated, and it would also become clear that firms like ACS are doing everything in their power to keep up to date with any changes in the industry. In fact, ACS has been so successful at doing this that they have been mistake free since 1986. If you have questions about bond compliance, they’re the firm to turn to.