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…
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…
A recent Risk Alert (the “Alert”) issued by the Division of Examinations (“EXAMS”) addressed Staff findings and several areas of concern that the SEC has regarding misuse of Material Non-Public Information (“MNPI”) by registered investment advisers. The Alert came shortly after the SEC’s 2022 Examination Priorities (“Priorities Letter”). While MNPI concerns were not explicitly mentioned…
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…