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…
The current Federal government shutdown has essentially halted the SEC’s ability to complete ongoing exams or start new ones. Founder and President Amy Lynch explains that OCIE’s process during a shutdown is to suspend non-emergency or routine exams because they are not considered mission critical. Ms. Lynch further states that without funding for examiners’ travel,…
With a four month amnesty period for firms to self-report violations related to share class selection expired, the SEC’s follow-up sweep of firms that did not volunteer information to the regulator is swiftly moving ahead. Amy Lynch, FrontLine’s Founder and President, explains that the sweep letters being received by firms are a typical response by…
An ongoing SEC investigation of an investment consultant that began in 2017 has raised questions on the timing of the firm’s disclosure to clients. In this particular case, as discussed in the article, information disclosed by the consultant to its clients has been inconsistent, with only some current clients being notified. Founder and President, Amy…
The recently released annual listing of compliance consultants again includes FrontLine Compliance as a leading firm offering compliance support and assistance to hedge funds. The listing highlights our successful track record of client SEC Exams resulting in no material findings, our 90 percent plus client renewal rate, and our team of seasoned compliance experts that…