ComplianceAlert

New Rule Finalized for Fund of Funds

Earlier this month, the SEC lifted investment restrictions on fund of funds (FOFs) by adopting new Rule 12d1-4 (the “Rule”) under the Investment Company Act of 1940 (the “Act”). The new Rule removes certain investment restrictions (subject to conditions), rescinds an existing rule, and eliminates existing exemptive relief. This is good news for registered investment…

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Amy Lynch streaming live interview on customer account data breaches (Yahoo! Finance)

Founder and President Amy Lynch was recently interviewed on Yahoo! Finance’s streaming live show, “On The Move.” Responding to questions on customer account cyber attacks – highlighted by recent hacks of Robinhood accounts – Ms. Lynch discusses how the current regulatory environment to protect customer information is without a SEC rule specifically for firm requirements…

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Amy Lynch presents on trade compliance

FrontLine’s Founder and President Amy Lynch is a featured speaker at NSCP’s 2020 National Compliance Conference, to be held as a virtual event, October 19-21. On October 20th, Ms. Lynch will offer her expertise as part of a three person panel that will discuss best practices and requirements to ensure trade compliance for institutional asset…

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FrontLine’s industry guidance on “credential stuffing” cyber threat featured (InvestmentNews)

FrontLine’s alert on this regulatory hot topic details the SEC’s concern with a type of hack known as “credential stuffing,” identified by the SEC during its exams of firms. This cyber-attack has caused the loss of customer assets and allowed unauthorized access to customer information. Criminals use stolen credentials, which are used to log into…

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