UpFront » May 2022

When the SEC launched a mass email campaign recently to all SEC registered investment advisers on its new Marketing Rule, FrontLine Compliance was among the first to notify the industry of its significance via our ComplianceAlert and Video. This first-of-its-kind email from the SEC warns firms to heed the November 4th Compliance Date for the new Rule, which “…will require SEC registered investment advisers’ policies and procedures to be updated and revised, as appropriate,…

There is always the risk that a private fund manager will need to comply with future rules after it registers with the SEC. Now the SEC has floated several rule proposals toward implementing new regulations that all registered private funds must grapple with, regardless of size. Smaller funds faced with increased regulatory costs may face the greatest challenges to asset growth while start-ups, women-owned and diverse-owned funds may also have their success impeded. Amy Lynch,…

The SEC seems poised to expand its focus on private funds even before its new rule proposals are finalized. One way the SEC plans to push forward is by moving on regulatory issues arising from recent cases, namely its charges against Archegos Capital Management. FrontLine’s Founder and President Amy Lynch sees an SEC ready to not only scrutinize banks and prime brokers, but hedge funds and private equity managers on a larger scale. Ms. Lynch…