Virtual due diligence of money managers is the new norm, for now (FundFire)

Due diligence of money managers by investment consultants is being tweaked to accommodate a now necessary off-site, remote process. Achieving an effective and comprehensive review during the pandemic has required shifting to a virtual process that now includes video conferencing, expanded document reviews, secure data sharing and more reference and background checks. Amy Lynch, FrontLine’s…

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Compliance with fund of funds regulations requires watchful eye (IGNITES)

A prior SEC case against a large mutual fund sponsor shows the complexities of complying with regulations limiting funds’ investments in ETFs. Traditionally, the SEC has required fund companies to have a robust pre-trade compliance process to ensure compliance with rules on investments in other funds. According to FrontLine’s Founder and President Amy Lynch, it…

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Amy Lynch discusses future of compliance as guest on “Appway Chats: Thinking Out Loud”

In this informative and timely video chat, Founder and President Amy Lynch speaks with Andrew (Andy) Besheer, head of North America at Appway. The discussion centers on the new remote work environment and how that changes the traditional employee-supervisor interaction, as well as ways the CCO and their compliance staff can maintain effective oversight. Amy…

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Review circumstances before disclosing PPP loan (Citywire)

Whether disclosing a PPP loan received or removing a disclosure previously made, registered investment advisers should be evaluating their specific circumstances for seeking the loan. With SEC guidance still evolving, FrontLine’s Founder and President, Amy Lynch, recommends that firms review if the loan was material to their financial condition. If it was, Ms. Lynch notes…

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