UpFront » October 2020

Valuation practices are coming under even greater scrutiny by the SEC. Pandemic related economic conditions have the SEC looking closely at real estate managers, among other private fund advisers, and seeking information about their valuations process. FrontLine’s Founder and President, Amy Lynch, comments that ongoing, routine examinations of these firms – now occurring during an economic downturn – have made reviews of valuations and compliance to policies and procedures a targeted area and priority for…

With the November 3rd election looming, expect the SEC to have a renewed focus on compliance with the “Pay to Play” rule and firms’ oversight of employee political contributions. Amy Lynch, FrontLine’s Founder and President, views the largest issue for firms that run afoul of the rule to be the loss of advisory fee income for a two year period. Asking the right questions of both employees and new hires, as well as monitoring and…

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 on cybersecurity policies and compliance. However, she states that the SEC has conducted targeted exams in this area, and…