FrontLine’s Founder and President Amy Lynch recently spoke with the publication Chief Investment Officer on the SEC’s recently adopted changes to its definition of an accredited Investor. Exclusively quoted in the feature story, Ms. Lynch discusses how the new definition adds clarity for family offices that want to invest in private funds, with private equity already…
With the comment period ending, some are questioning the rationale behind the SEC’s 13F proposal. While a huge compliance and cost burden would be removed from smaller equity managers, Amy Lynch, FrontLine’s Founder and President, sees an over-stretched SEC that cannot keep up with the ever-increasing volume of 13F filings. Aside from alleviating the SEC’s…
FrontLine Compliance’s recent alert details the SEC’s concern with a type of hack known as “credential stuffing,” identified by the regulator during exams of firms. This cyber-attack involves stolen credentials, which are used to log into web-based systems of firms to access client funds. Firms need to be aware of this new risk type and…
The SEC’s Office of Compliance Inspections and Examinations (OCIE) recently issued a Risk Alert (the “Alert”) discussing cybersecurity observations from its examinations over time. The Alert did not state the time period of examinations included; however, OCIE has conducted several cybersecurity targeted exams over recent years. OCIE is concerned with an increase in a particular…
Firms now under Reg BI and its increased scrutiny are scaling back product offerings and making modifications to fees and compensation. Founder and President Amy Lynch sees this as as a move toward more standardization for the industry, particularly in the way fund shares will be offered. Ms. Lynch comments that firms are now focused…