April 2, 2020 Where Are Your Cybersecurity Blindspots with COVID-19? Google Data Reveals 350% Surge In Phishing Websites During Coronavirus Pandemic More financial firms have shifted to a remote workforce…
March 30, 2020 SEC Grants Section 17a No-Action Relief to Open-End Funds The SEC has taken many actions in the past month to provide relief to registrants and the financial services industry…
March 27, 2020 Guidance for State-Registered Advisers Dealing with COVID-19 In addition to the SEC providing relief and support to investment advisers, the North American Securities Administrators’ Association (NASAA) and…
March 26, 2020 SEC Extends Form ADV & Form PF Relief, Modifies Conditions On March 25, 2020, the SEC issued a new Order extending and relaxing some of the conditions pertaining to the…
March 24, 2020 OCIE Now Conducting Exams Off-Site Unless Necessary On March 23, 2020, the SEC’s Office of Compliance Inspections and Examinations posted an announcement on its website that “in…
March 23, 2020 CTFC Issues No-Action Letters for Temporary Relief in Response to COVID-19 Pandemic During the last week, the CFTC issued several no-action letters aimed at providing temporary relief from certain recordkeeping, operations requirements,…
March 19, 2020 SEC Offers Additional Relief for Advisers Impacted by Coronavirus The SEC has made several COVID-19 related announcements this week pertaining to investment managers that offer relief from routine regulatory…
March 19, 2020 SFTR Phase 1 Delayed Three Months as ESMA Responds to Industry Requests The capacity of financial firms to comply with the upcoming go-live of SFTR reporting obligations has been critically compromised by…
March 13, 2020 Pandemic Puts Business Continuity Planning to the Test; Regulators Take Notice The rapid expansion of the novel coronavirus and the COVID-19 pandemic has caused extreme stress if not panic throughout the…
March 10, 2020 SEC Continues Scrutiny of Private Fund Cross Trades The SEC continues to scrutinize principal and cross-trade transactions in the private fund world. Are such trades illegal? No. In…
February 27, 2020 Several States Coordinating Regulation Best Interest Pre-Implementation Exam Survey While the SEC moved full force in adopting Regulation Best Interest and Form CRS, state regulators were fairly silent on…
February 12, 2020 As Form CRS Compliance Date Nears, Approaches to Meet Challenge Coming Into Focus Form CRS, the sleeping giant, awakens! Investment advisers and broker dealers are turning their attention to planning for Form CRS,…