Keeping up with all of the changing rules and regulations in the compliance industry can be a full-time job. We help you by sifting through what matters and giving you the timely guidance, postings and news you need.
The SEC fined Bloomberg for failing to notify clients about material information related to its BVAL pricing service. For a period of over six years, customers such as mutual funds using the BVAL service were not told that valuations for certain thinly traded fixed-income securities could be derived from a single data input instead of…
By Amy Lynch, CRCP, Founder & President, FrontLine Compliance. As featured in interviews on CNBC, Bloomberg TV, and in The Wall Street Journal. As a former SEC examiner myself, I seem to have an innate ability to know what the SEC is going to do before they do it. As you can imagine, this comes…
US wirehouses and wealth management units are devoting greater resources to monitor their foreign accounts. Necessitated by enhanced compliance risks and AML obligations, some firms are grappling with regulatory fines as they attempt to address compliance shortcomings and lapses through investments in technology. Despite these efforts, it may not be the correct mix of resources,…
When the SEC’s new Marketing Rule became effective this past November 4th, it put firms on notice that their marketing policies and materials needed to be in compliance with the rule. Now, a recently updated FAQ issued by the regulator describes a rule directive that is potentially problematic for firms striving to be in compliance….
The common theme of the SEC’s push to finalize rules is a focus on expanding regulations for both advisers and funds, states Amy Lynch, FrontLine’s Founder and President. This includes substantive new requirements for regulatory reporting, record-keeping, and disclosures. Ms. Lynch’s lead comments highlight the strain the new requirements will have on an adviser’s internal…