“You’ve got the gift, but it looks like you’re waiting for something.”

In the movie the Matrix, Neo wasn’t sure if he was the fabled “One” despite what he heard from Morpheus and a trip to see the Oracle. But, Neo still took the steps to discover how to be the “One” and fulfill his potential. Compliance has its own “Matrix” of challenges – and a compliance skill set is indeed a specialized and impactful skill set. Through our expanding client relationships with institutional and retail…

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Podcast featuring Amy Lynch on the SEC’s current mindset

In this industry podcast, FrontLine’s Founder and President Amy Lynch was exclusively interviewed on the SEC’s current regulatory agenda and rulemaking initiatives. A former regulatory insider, Ms. Lynch provides insight on what the industry can soon expect from the SEC’s oversight of ESG, its new Marketing Rule and private funds. She also discusses the recent Custody Rule proposal and its relevance for the cryptocurrency industry. Finally, Ms. Lynch goes into depth about the SEC’s rulemaking…

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ComplianceAlert

Certain Focus Areas Top SEC’s 2023 Examination Priorities

The highly anticipated 2023 SEC Examination Priorities statement from the Division of Exams (“EXAMS”) was released last week. At least the timing was an improvement over last year, when the priorities were not released until late March and well into the examination year. The 2023 focus list is not exactly a surprise based upon recent Staff speeches and rulemaking initiatives. It provides written confirmation of what the industry has suspected the SEC will pursue with…

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New Form PF reporting seeks transparency from private funds (Hedge Fund Alert)

The soon to be finalized rule proposal on changes to Form PF reporting could put private fund managers in a difficult spot, comments FrontLine’s Founder and President Amy Lynch. If adopted as proposed, large private funds such as hedge funds would have to report within one business day via Form PF current significant events such as large losses or material changes. Ms. Lynch states that compliance and operational professionals at these firms would need to…

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SEC rulemaking to influence upcoming exams (Financial Advisor IQ)

The release of the SEC’s recent examination priorities emphasized a host of focus areas for its upcoming exams. Interestingly, the SEC described its view on certain areas that fall under current rulemaking, such as ESG, cybersecurity and new private fund regulations. Amy Lynch, FrontLine’s Founder and President, comments that these areas were purposely covered in the SEC’s priorities statement so that firms are on notice to begin preparing for them ahead of time. Ms. Lynch…

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