Margaret Sheehan is a partner with the Washington D.C. branch of the law firm, Alston & Bird LLP of Atlanta, Ga. Sheehan's practice focuses on electronic commerce compliance. She represents several financial service firms including Invesco and American Express. Sheehan recently discussed current regulatory and compliance issues surrounding electronic commerce with Mutual Fund Market News reporter, Andrew Greene. An edited account of their conversation follows.
MFMN: What are the primary compliance and regulatory issues that fund companies and financial service firms need to be wary of in regards to the Internet and e-commerce strategies?