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.
While the SEC has been critical of certain firm information on Form CRS that it has reviewed, the regulator has not offered additional guidance to firms to help them better decipher the content required. FrontLine’s Founder and President says that needs to change. Ms. Lynch states that by strictly following the SEC’s suggested format, Form…
A recent SEC case should be viewed as a warning from the regulator on its current mandate to investigate firms for potential misconduct with their clients. In particular, the Enforcement case reveals a focus on conflicts of interest, missing or improper disclosures and false and misleading statements. The case against Valic Financial Advisors, which sold…
Despite lengthy lists of SEC and FINRA violations, investment firms with disciplinary histories successfully applied for and received PPP loans. Amy Lynch, FrontLine’s Founder and President, questions why there was not greater scrutiny of loan applications when certain firms were clearly ineligible based on Treasury Department guidelines. Loans received by these firms were as large…
The SEC has been busy this past month issuing new information for asset managers. On July 10th, it issued a proposed amendment to Form 13F filings. Then, last week, the SEC issued guidance on proxy voting for investment advisers. The Form 13F change is significant for institutional equity trading advisers. Section 13(f) Proposed Amendment The…
It’s been a decade since the Dodd-Frank Act unveiled numerous new compliance obligations for private fund advisers, including many hedge funds and private equity firms. When the media sought out a compliance consultant’s perspective to discuss its impact, they turned to FrontLine’s Founder and President Amy Lynch. On Dodd-Frank’s initial challenges for private funds, she…