FrontLine’s Founder and President Amy Lynch joined CNBC’s “Squawk on the Street” for a live interview discussing the compliance implications of Archegos Capital’s margin call and resulting fallout. Ms. Lynch states that while compliance would have been involved at some level, it’s too early to know whether compliance failed or instead was overruled by business…
The SEC has published its list of rules that it will revisit pursuant to Section 610 of the Regulatory Flexibility Act (“RFA”). The majority of the rules listed affect registered investment advisers and are on the agenda for review this year. Under the RFA, specific consideration must be given to the following factors when assessing…
The SEC’s Division of Examinations upcoming exam focus areas could diverge from its recently issued 2021 exam priorities letter. The 2021 letter carries over many items that were exam priorities in the prior year, as well as more concurrent compliance issues emerging from the pandemic related work from home environment. However, the new exam priorities…
With new SEC leadership on the immediate horizon, now is the time to take stock of your compliance program and its performance during the pandemic of the past 12 months. Consider the questions the SEC will ask as part of an exam of your firm. Reviewing a few of our UpFront postings during the past…
A year into the COVID-19 pandemic shows that maintaining compliance oversight in a remote work environment has been doable, but not without problems. Amy Lynch, FrontLine’s Founder and President, sees firms doing fairly well overall, but how well is dependent on where a firm is in its lifecycle. She explains that compliance has been overwhelmed…
