Amy Lynch cautions on “big bet” secondary offerings (MarketWatch)

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…

Read More

For CIOs, listening to compliance matters more than ever (Chief Investment Officer)

CIOs, firm executives and other senior management should be routinely engaging with compliance personnel amid the pandemic fueled remote workplace. Security risks and hacking threats abound in the wave of virtual meetings and home-based communications that have become the new norm – and FrontLine’s Founder and President, Amy Lynch, advises firms’ compliance to be proactive…

Read More

ComplianceAlert

SEC No-Action Relief for Funds/BDCs

The SEC’s Division of Investment Management (“IM”) has been busy issuing and updating guidance for investment companies and business development companies (“BDCs”) in light of recent market events related to the COVID-19 outbreak. Two significant letters were released in late May. The first, an SEC No-Action letter to the Investment Company Institute (“ICI”) and SIFMA…

Read More