UpFront » August 2022

Prior to becoming SEC Chairman, Gary Gensler testified before Congress on fee abuses and conflicts of interest in the mutual fund industry, He also wrote a book detailing similar issues. So it was natural to think this would be a high priority item for his SEC agenda, especially 12b-1 fees, which Gensler had prior concerns about. In the lead comments for the BARRON’S story, Amy Lynch, FrontLine’s Founder and President, states that 12b-1 fees would…

The SEC’s proposed ESG rule and how to prepare for likely new regulations were the subject of an exclusive Q&A feature with FrontLine Compliance Founder and President Amy Lynch. In the interview with Private Funds CFO, Ms. Lynch discusses the SEC approach, what firms should expect from a new rule and the action items firms should be undertaking now. Ms. Lynch provides the following guidance in her responses: On the SEC approach: “The SEC…

Wall Street firms may find themselves eventually benefiting from the ESG provisions of the recently signed into law Inflation Reduction Act of 2022 (IRA Act). Exclusively quoted in TheStreet story, FrontLine’s Founder and President Amy Lynch expects the legislation’s spending for clean energy and reducing carbon emissions to eventually flow through to money managers with an ESG focus. Ms. Lynch sees these firms helping to guide industries and corporations in their sustainability efforts and…

Hedge funds, as well as many other investment advisers, face a flood of new and proposed rules in the months ahead. With SEC guidance more likely to occur after the rules are finalized, compliance teams should be stepping up their firm’s preparation. The November 4th compliance date for the SEC’s new marketing and advertising rule is quickly approaching, and it’s time for firms to get policies and marketing disclosures updated before it’s too late, states…