SEC’s AI rule requirements to be costly exercise (IGNITES)

The price tag for the industry to meet the requirements of the SEC’s proposed artificial intelligence rule is projected by one member organization to be as high as $30 billion over the first 10 years of compliance. The SEC’s estimate, on the other hand, is much lower at $10 billion over the same period. Amy Lynch, FrontLine’s Founder and President, comments that the ultimate cost number will be both big and meaningful due to the…

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So many rules…so little time (ThinkAdvisor)

The amount of SEC rulemaking underway has compliance and legal professionals raising concerns about the breakneck pace of unveiling new regulations. FrontLine Compliance Founder and President Amy Lynch points to the SEC’s Marketing Rule as an example of a rule that despite plenty of lead time, still has firms doing catch up on its requirements and without updated materials. Many of the SEC rules now being proposed are expected to have even shorter timelines for…

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FrontLine’s Amy Lynch comments on outlook for hedge fund industry (Hedge Fund Alert)

An industry survey on the hedge fund industry predicts continued growth of assets this year despite anticipated challenges with fundraising and additional concerns over SEC regulations, staff retention and geopolitical issues. Amy Lynch, FrontLine Compliance Founder and President, was selected as the sole participant from a compliance consulting firm for the Hedge Fund Alert annual outlook survey, Seeing growth spurred by private credit, she expects a continued upward trajectory for private credit as long as…

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New SEC regulations demanding more time from CCOs (IGNITES)

The sheer number of new SEC rules, either recently finalized or moving in that direction, have required an increasing amount of time and effort from compliance personnel. CCOs and their staff have been pushed to update policies and implement new requirements at a faster pace, with shortened periods between rule proposals and adoption. A recent survey by IGNITES revealed that CCOs see addressing new SEC regulations as a pivotal factor in their roles over the…

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The SEC’s election year urgency

As this is an election year, the current SEC administration wants to push through as much of its remaining agenda as it can. SEC Chairman Gary Gensler seems very determined to leave his legacy as the tough cop on the beat who enacted meaningful regulatory changes to protect investors – and, in his view, necessitated by the evolving financial markets. But there’s a lot for the SEC to do in the months before the general…

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