On June 23, 2020, the SEC’s Office of Compliance Inspections and Examinations (OCIE) issued a Risk Alert (the “Alert”) discussing observations from its private fund examinations over time. The Alert did not state the time period of the examinations included. However, any private fund manager that has been examined within the past two years should…
Founder and President Amy Lynch was recently profiled in a video interview with Nasdaq Trade Talks. Ms. Lynch discusses her background and the founding of FrontLine Compliance before delving into her guidance for CCOs and compliance staff in the remote work environment. She offers expert advice for managing compliance remotely and provides crucial tips for…
On June 18, 2020, the SEC’s Office of Compliance Inspections and Examinations (OCIE) issued a Risk Alert (the “Alert”) outlining its plans to examine registrants’ readiness for the London Interbank Offered Rate (LIBOR) benchmark transition. The reference rate for loans, interest rate swaps, derivatives, and bonds is due to expire by 2022, and firms are…
Investment firms receiving a PPP loan during the coronavirus pandemic that fail to properly disclose it may face future regulatory scrutiny – or they may receive a pass. SEC guidance on the issue still remains unclear, but how the regulator reacts to non-disclosure of a PPP loan is likely to be a facts and circumstances…
A secondary offering from a company that has declared Chapter 11 bankruptcy needs to have air tight disclosures that explain it’s no safe bet for investors. FrontLine’s Founder and President, Amy Lynch, comments that the offering documents for the proposed Hertz Global Holdings Inc. stock sale need to spell out that any money invested could…