Amy Lynch comments on new initiative for SEC following third cybersecurity sweep (Fund Intelligence – Subscription Req’d)

In addition to the SEC’s latest cybersecurity sweep, separate, targeted request letters have now been sent to a number of firms seeking their due diligence and oversight practices for their third party cloud service providers. Cloud based, electronic service providers are an increasingly common source for recordkeeping, explains Founder and President Amy Lynch. Ms Lynch…

Read More

ComplianceAlert

OCIE Provides Guidance on Electronic Recordkeeping

The Office of Compliance Inspections and Examinations (“OCIE”) issued a brief Risk Alert ( the “Alert”) on May 23, 2019 describing how firms can successfully manage and store electronic records in a safe and secure manner. The Alert was based upon recent SEC examinations of both investment advisers and broker-dealers and is meant to address…

Read More

ComplianceAlert

New Risk Alert on Regulation S-P

Last week the Office of Compliance Inspections and Examinations (“OCIE”) released a Risk Alert (the “Alert”) on Regulation S-P, the Privacy Rule. The Alert described the most common deficiencies found regarding the Privacy Rule over the past two years of examinations of both registered investment advisers and broker-dealers. The top findings included: Failure to deliver…

Read More

Amy Lynch on the SEC’s latest cybersecurity sweep (IGNITES – Subscription Req’d)

The SEC has initiated a new cybersecurity sweep of firms, with a focus on those undergoing recent mergers or acquisitions, as well as targeting firms with multiple offices. This marks the regulator’s third industry wide look at cybersecurity policies and practices since 2013. FrontLine’s Founder and President, Amy Lynch, sees the latest sweep as another…

Read More

ComplianceAlert

Speech Addresses SEC’s 2019 Rulemaking Agenda

New SEC rulemaking looks to be gaining momentum based on a recent speech by the Director of the Division of Investment Management (IM). Dalia Blass gave the keynote address at the ICI Mutual Funds and Investment Management Conference on March 18, 2019, and although her speech was to a mutual fund audience, many topics presented…

Read More