New extensions on ADV filings, brochure delivery date and other regulatory dates, including Form PF, have been further extended by the SEC. FrontLine’s Founder and President, Amy Lynch, states that the new extensions granted by the SEC as emergency relief stemming from the COVID-19 crisis, all have a similar extended time frame. Ms. Lynch comments that there is at least a 45-day extension from the original due date unless a new date has been named,…
Founder and President Amy Lynch was exclusively interviewed as the featured compliance expert in a recent industry podcast. The timely podcast centers on the regulatory impact of the coronavirus pandemic. Here she discusses SEC and FINRA emergency relief measures and the related guidance provided to registered firms. Responding to questions on the specific regulatory relief offered to date, Ms. Lynch provides clarity on qualifying for ADV filing extensions, executing fund Board meetings and gauging BCP…
With the Coronaviirus causing mandated work from home (WFH) policies to be the new reality, compliance risks have suddenly increased for investment adviser firms. Amy Lynch, FrontLine’s Founder and President, explains that the CCO’s role just became much more difficult. Ms Lynch states that firm employees being in remote situations, as opposed to being physically present at the office, will allow compliance missteps to more readily occur. The CCO is logistically challenged when employees are…
FrontLine Compliance has been monitoring the regulatory environment closely these past few weeks as our industry grapples with the COVID-19 (Coronavirus) outbreak. With the situation still unfolding here in the US, the regulators are trying to get a handle on the situation. The SEC, FINRA, and NFA have all issued guidance or information for the investment community in relation to the outbreak. In this emergency ComplianceAlert, we summarize that information for you so the…
With additional clarifications provided by SEC on its expectations for compliance with Regulation Best Interest, a clearer picture emerged for firms, but areas of uncertainty still remain. FrontLine’s Founder and President, Amy Lynch, addressed several of SEC’s responses to remaining questions. She discusses the SEC’s explanation that distributors will be allowed to use a combined form for all affiliated entities, thus eliminating the burden of two different forms. Ms. Lynch does add that identifying conflicts…
