Maximizing Value from Compliance Consulting Services

Today, almost all SEC registered investment advisers are utilizing compliance consulting firms (“consultant”) for outsourced compliance assistance. To the extent that these services are beneficial is dependent on several factors. Ultimately, there should be a recognition of the value received from the cost of services obtained. Here we explain the diverse ways you determine that value and what components of a consulting engagement provide the best means of achieving the value sought. Compliance departments are…

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Amy Lynch calls out SEC for pulling rule proposals (ThinkAdvisor)

FrontLine Compliance’s Founder and President describes the SEC’s recent withdrawal of 14 rule proposals as an “indiscriminate approach” by a regulator. In the lead comments, Amy Lynch states that the bulk recision by the SEC has the look of a regulator showing no effort to evaluate each proposal on its merits, but rather taking a red pen to just about any rule proposed by the prior administration. While certain controversial rule proposals were removed, such…

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SEC puts brakes on certain ETF rollouts (IGNITES)

The SEC’s Division of Investment Management seems to be changing course on its traditional approach to ETF launches. The staff has issued letters to three ETFs, each with a novel structure, following their rollout. It’s an usual practice for the Division to request further information after the ETF has been launched. Amy Lynch, FrontLine’s Founder and President, believes it reflects the current SEC’s radically different approach to product innovation. By asking post-launch questions about the…

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Compliance should be on heightened alert during regulatory shift (ThinkAdvisor)

FrontLine Compliance Founder and President Amy Lynch has a stern warning for CCOs and compliance departments: do not let your guard down. The SEC’s apparent shift to more “hands-off” regulation coupled with firms taking on more risk is a compliance disaster in waiting, she cautions. A recent industry report discussed in the ThinkAdvisor story shows that growth in asset management continues and would greatly outpace what is expected to be slowing regulation and less SEC…

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