Cities for Financial Empowerment Fund的动态

Hmmm! You make clients sign confidentiality agreements that include provisions preventing them from reporting potential securities law violations to the Commission or another federal, state, or self-regulatory securities commission or authority - and this was ok??? Nope. However, you did get credit for cooperation and remedial efforts. Read more below in the recently released order from the SEC against Nationwide Planning. #SECRule21-f, #nda, #whistleblower, #regulatorycompliance, #SEC https://lnkd.in/eqmwNEAW

The May edition of The Alternative Investor is out, with alternative fund news from the past month alongside guest features from Bitwise Asset Management, OpenPool, Eulith and PwC looking at the rise of tokenisation and what it means in the alternatives space. Our Regulatory roundup in this month's edition includes: ? FCA consults on option to permit “re-bundling” of research and execution services ? Recent developments in the FCA’s sustainability regime ? Asset Management: Common errors when applying for authorisation ? U.S. regulators’ vigilance in enforcing against off-channel communications ? SEC issues Risk Alert providing initial observations regarding Marketing Rule compliance ? SEC fines five investment advisers for violating the Marketing Rule ? SEC fines investment adviser $6.5 million for recordkeeping and code of ethics failures ? Jury sides with SEC in shadow insider trading case Click for the May edition of The Alternative Investor > https://ow.ly/xb5150REfRO Click to subscribe to The Alternative Investor Newsletter to receive it directly in your inbox every month: https://ow.ly/MNUG50REfRN #TheAlternativeInvestor #compliance #RQCGroup

Currently, 30% of the nation's top private equity firms are navigating settlements with the SEC over off-channel communication violations. If your firm is subject to SEC audits, you can assume they will review your communication surveillance and archive program. Like this post if you'd like to have a discussion around communication compliance. I specialize in surveillance & archive software for Investment Advisor and Brokerage compliance.

Are you prepared for increased regulatory scrutiny in the asset management space? Join Fenergo’s upcoming webinar on July 18th to hear from our expert panel, including @Bridget Sudall @Terry Flynn, and @Samrat Jain, on how asset management firms are adapting and coping with ever-changing regulations. Register here: ?https://lnkd.in/g7FEmsRW #aml #fincrime #fenergo

I always ponder about the strategies compliance professionals at large firms are utilizing to prevent issues like the enforcement action recently highlighted. Detecting and rectifying mistakes, especially in asset valuation, should be a top priority. A recent $80M error underscores the critical importance of robust compliance measures in place. Check out the details here: https://lnkd.in/gThTiDR7

Asset managers and funds face a tidal wave of new regulations in 2024 and beyond. This article highlights newly effective #SEC regulations and provides an overview of final rules issued to date this year, along with updates on significant outstanding proposals. Learn more here: https://bit.ly/3KKfJ30

The importance of Ongoing Manager Monitoring for allocators, especially those with developmental mandates or venturing into emerging managers and markets, cannot be overstated. Rather than punishment, one of the primary goals of ODD should be to nurture these managers, ensuring growth and progress. Consistently tracking agreed-upon milestones serves as a dynamic mechanism to keep all stakeholders aligned and proactive in achieving objectives.

The SEC ended 2023 with 43 proposed and final stage rules. Many of these rules will have a direct impact on private fund managers, necessitating substantial adjustments to ensure compliance. More here: https://okt.to/TlVuEb #SEC #ComplianceChanges #RegulatoryCompliance #PrivateFunds

Despite the growth in private credit activity, many investors may not be aware of how managers actually source the underlying assets for private credit strategies. In a recent interview with Financial Standard, Kelli Marti at Churchill Asset Management explains the importance of a strong sourcing mechanism and considerations for investors when accessing a private credit manager. Watch the interview and read more: https://ter.li/ryndw8

The change to T+1 shortened the time period from execution of a trade to settlement of that trade. The #SEC is also imposing a shortened time period from effectiveness of rules to conducting a sweep exam on compliance! We have learned the SEC division of examinations has issued what appears to be a sweep exam to registered investment advisers relating to compliance with the amended recordkeeping rules and other T+1-related processes. My partner, Kevin Gustafson and I summarize what we know in a quick alert: https://lnkd.in/ep7F6YXZ