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…
When Gary Gensler takes the helm of the SEC, the agency’s exam focus and rulemaking should quickly look at risks associated with the evolving areas of climate events and digital assets. On the first priority area, exams will likely assess firms’ business continuity and disaster recovery plans, as well as operational and cybersecurity practices. Additionally,…
The private equity industry continues to evolve beyond its traditional institutional investor base by seeking to expand access to individuals that meet the definition of an accredited investor. A recent example is the iCapital KKR Private Markets Fund, and a statement by KKR terms the investment opportunity as an avenue to “democratize” access to private…
The recent track record of firms with valuation related deficiencies would indicate that the new SEC valuation rule will trigger even greater enforcement in this area. Couple that with Gary Gensler’s aggressive regulatory style, expect valuation processes at funds to be closely reviewed during SEC exams. FrontLine’s Founder and President, Amy Lynch, provides the lead…
The day after SEC Chair nominee Gary Gensler’s confirmation hearing, the Division of Examinations (“EXAMS”) issued its 2021 Examination Priorities letter (“the Letter”). The Letter shares similarities to the 2020 exam priorities with a few twists. In this ComplianceAlert, we focus on the Staff’s priorities for registered investment advisers and especially how they may differ…