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With the Coronaviirus causing mandated work from home (WFH) policies to be the new reality, compliance risks have suddenly increased for investment adviser firms. Amy Lynch, FrontLine’s Founder and President, explains that the CCO’s role just became much more difficult. Ms Lynch states that firm employees being in remote situations, as opposed to being physically…

With additional clarifications provided by SEC on its expectations for compliance with Regulation Best Interest, a clearer picture emerged for firms, but areas of uncertainty still remain. FrontLine’s Founder and President, Amy Lynch, addressed several of SEC’s responses to remaining questions. She discusses the SEC’s explanation that distributors will be allowed to use a combined…

Private equity firms reporting two IRRs (Internal Rate of Return) when an IRR is enhanced by subscription credit facilities, face the scrutiny of whether this is an accurate measure of performance. Amy Lynch, FrontLine’s Founder and President, states that the SEC has provided some direction to PE firms through its exam results and public statements….

A fund manager recently agreed to settle with the SEC and pay $10.5 million for various internal failures that led to investor losses the SEC cites were directly tied to misleading performance presentations. The settlement describes that investors were assured by the firm they would be protected against losses of more than 8% in a hedged futures…

Both FINRA and the SEC are looking into potential violations committed by firms that utilize cash-sweep programs and whether proper disclosures are being made to their customers. Amy Lynch, FrontLine’s Founder and President, advises that firms now grappling with Regulation Best Interest may also want to review the disclosure requirements relevant to conflicts of interest…