New firm registrations, among other items, now on hold at SEC; Amy Lynch comments (FundFire – Subscription Req’d)

Amy Lynch, Founder and President - FrontLine Compliance
Amy Lynch, Founder and President – FrontLine Compliance

The current government shutdown is having a wide-ranging impact on the ability for firms to interact with the SEC for registrations and fund launches, among other needs. According to Founder and President Amy Lynch, new firms that are trying to register with the SEC will face delays in that process. While many items that are not market critical have been put on hold, Ms. Lynch points out that the SEC’s filing systems that are completely automated are still available. For instance, she explains firms can still make updates to their Form ADVs. See FundFire (subscription required), “SEC Shutdown Delays Product Registrations, Enforcement Actions”