UpFront » July 2020

Despite lengthy lists of SEC and FINRA violations, investment firms with disciplinary histories successfully applied for and received PPP loans. Amy Lynch, FrontLine’s Founder and President, questions why there was not greater scrutiny of loan applications when certain firms were clearly ineligible based on Treasury Department guidelines. Loans received by these firms were as large as $7 million, and Ms. Lynch adds that any loans received by industry firms should have set off alarm bells.…

It’s been a decade since the Dodd-Frank Act unveiled numerous new compliance obligations for private fund advisers, including many hedge funds and private equity firms. When the media sought out a compliance consultant’s perspective to discuss its impact, they turned to FrontLine’s Founder and President Amy Lynch. On Dodd-Frank’s initial challenges for private funds, she discusses the onerous task of building out a compliance program and the investment that came with that: appointing a CCO,…

In an exclusive video interview. Founder and President Amy Lynch provides guidance on where firms should now be with their Regulation Best Interest (Reg BI) compliance, and what they can expect from an SEC exam. In the video discussion with Financial Advisor IQ, Ms Lynch explains how she expects the SEC to approach these targeted exams, and what the regulator is seeking from them. Ms Lynch also states that the SEC has a certain…