FrontLine’s Founder and President, Amy Lynch, has received a nearly perfect speaker rating from Chief Compliance Officers and other compliance professionals attending the NSCP 2019 National Conference. Ms Lynch was a featured speaker at the well attended, largest annual compliance conference, which took place October 21-23, 2019. Ms. Lynch received a grade of 4.9 out of 5 from her peers, based on a rating scale of 1-5, with 5 being the highest possible. As part…
On November 7, 2019, the Office of Compliance Inspections and Examinations (OCIE) issued a Risk Alert (the “Alert”) on findings from fund examinations. The Alert covered findings from routine fund exams as well as recent targeted exams of money market funds (Money Market Fund Initiative) and target date funds (Target Date Fund Initiative). The data for the Alert came from close to 300 examinations over a two year period. The Alert covered many broad categories…
A manager of mutual funds has taken the unusual step of adopting a series trust structure for certain funds previously launched in the 1990s. While the objective appears to be a reduction in costs, Amy Lynch, Founder and President of FrontLine, cites the change in structure as an extremely rare occurrence. Ms. Lynch notes that setting up a fund as series trust almost always happen at a fund’s launch and not later in their life…
With the SEC’s proposed changes to its advertising and cash solicitation rules, the regulator is seeking to modernize these rules for today’s communication methods. FrontLine’s Founder and President Amy Lynch states that for instance, under the current rules, many investment advisers are restricted and essentially prohibited from effectively using social media for promoting their business and soliciting new clients. By proposing to amend the rule to cover the use of social media, Ms. Lynch comments…
