Expect 2022 to be the year for Reg BI enforcement (ThinkAdvisor)

Firms should begin preparing now for heightened Regulation Best Interest (Reg BI) oversight. The SEC has already stated that during exams in 2021 it identified non-compliance with Reg BI and Form CRS. This type of statement from the SEC would seem to foreshadow enforcement actions for 2022, explains Amy Lynch, FrontLine’s Founder and President. Ms….

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SEC to scrutinize money managers ESG disclosures, among other priorities, in 2022 (Law360)

Regulation that’s on tap for 2022 is pushing firms to review and update their compliance programs early this year. Regulators, including the SEC and FinCEN, are unveiling new initiatives targeting compliance with cybersecurity, AML, board diversity and ESG disclosures. With ESG regulation a top priority, SEC Chairman Gary Gensler has authorized a review of how…

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SPACs more cautious under heightened regulatory watch (Business Insider)

There’s now a greater emphasis by SPACs to more carefully consider possible target companies. Amy Lynch, FrontLine’s Founder and President, comments that once the SEC started looking more closely at SPACs last year, internal compliance and legal departments shifted their attention to making sure deals would pass regulatory scrutiny. With high fees generated for banks…

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