Amy Lynch comments on new initiative for SEC following third cybersecurity sweep (Fund Intelligence – Subscription Req’d)

In addition to the SEC’s latest cybersecurity sweep, separate, targeted request letters have now been sent to a number of firms seeking their due diligence and oversight practices for their third party cloud service providers. Cloud based, electronic service providers are an increasingly common source for recordkeeping, explains Founder and President Amy Lynch. Ms Lynch adds that firms may not recognize these third parties as an area of their recordkeeping, and now the SEC is…

Read More


OCIE Provides Guidance on Electronic Recordkeeping

The Office of Compliance Inspections and Examinations (“OCIE”) issued a brief Risk Alert ( the “Alert”) on May 23, 2019 describing how firms can successfully manage and store electronic records in a safe and secure manner. The Alert was based upon recent SEC examinations of both investment advisers and broker-dealers and is meant to address issues with both internal and external network storage solutions. This time around the Staff described both deficiencies found during examinations,…

Read More