There has been some talk lately about a particular investment adviser legal proceeding called In the Matter of The Robare Group, LTD., Mark L. Robare, and Jack L. Jones, Jr. Law firms have promoted this case to argue their point that firms should only hire licensed legal counsel to assist with compliance matters or at…
Well, the Boardroom has been empty now for too long so it’s time to get back in session. This meeting is officially called to order by Amy Lynch. There is a true story that I don’t tell often enough. It’s the story of how my compliance career began over 20 years ago… In the mid…
Well, it’s now late June and quite frankly, not a lot is happening in the regulatory world. Sure, the usual Spring conferences were held March-May, but with many of the same old topics – cybersecurity, conflicts of interest, and Dodd-Frank. We hear the SEC has been too busy with its own in-fighting to actually push…
The short answer is… there is no short answer. When FrontLine Compliance receives a call from a prospective client looking into our services we vet them carefully. We have learned to do this over the years for two main reasons: (1) many firms still don’t understand what compliance consulting is; and (2) firms often request…
This week everyone is talking about the recent case against BlackRock Advisors and its former CCO. The allegations were clear violations of Rule 206(4)-7 but not so clear violations of Rule 38a-1. Both the firm and the advisory CCO were named in the proceeding, charged with violations and fined. The firm was fined $12 million…