Case shows that policies need monitoring and enforcement to be effective (IGNITES/Financial Times)

A breakdown of policies management and oversight led to a recent SEC action against a firm for its failure to follow its own policies on the length of time to hold a certain security in customer accounts. Fined $8.1 million to settle the case, UBS and its financial advisors purchased a volatility-linked exchange-traded product (ETP)…

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SEC’s first target of SPACs shows Gensler’s aggressive stance (Law360)

SEC Chairman Gary Gensler has taken his initial steps toward laying the foundation for a more aggressive regulator. The SEC has moved quickly to send a strong message to the special purpose acquisition company (SPAC) market that misleading the investing public will bring consequences. In lead comments, Amy Lynch, FrontLine’s Founder and President, states that…

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Compliance to adjust oversight practices with return to office policies (IGNITES)

Compliance teams may be asked to review and update their employee oversight responsibilities depending on their firm’s return to office policies. While firms are implementing office policies on COVID-19 vaccination requirements, compliance staff could suddenly find their monitoring practices must now account for many more employees in the office. Amy Lynch, Founder and President of…

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Hedge fund strategies wary of meme stocks (FundFire)

The social media banter on Reddit and other forums influencing the trading of certain stocks is something that hedge funds are now weighing in their trading decisions. Not trading meme stocks, adding new guidelines to shorting stocks, or relying on unique investing strategies are all being considered by hedge funds and other institutional players. FrontLine’s…

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Expect Gensler to push for some remaining Dodd-Frank rule provisions (Compliance Week)

SEC Chairman Gary Gensler has indicated that as part of his agenda he would seek to finalize some of the remaining Dodd-Frank Act rule provisions that have languished for several years. In comments featured, Amy Lynch, FrontLine’s Founder and President, explains that since the environment that created the urgency of Dodd-Frank no longer exists, determining…

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