Compliance faced with onslaught of upcoming SEC rules (Fund Directions)

Challenges lie ahead for the investment industry to keep pace with the greatest volume of SEC rule and regulatory changes seen in several years. The SEC’s planned roll out of its agenda in an expedited fashion has compliance departments scrambling and critics objecting. FrontLine’s Founder and President Amy Lynch describes the large number of rules proposed as both the mark of SEC Chairman Gary Gensler’s heavy-handed style, and the SEC addressing market changes and languishing issues inherited from the former administration. Ms. Lynch further comments that not only will the industry be stretched to keep up with the massive regulatory changes, the SEC itself may not have the resource capabilities to absorb the large amounts of firm data required by the rules once they are implemented. See Fund Directions (subscription required), “Peirce joins industry call to slow pace of SEC rule rollout”