FrontLine Compliance, LLC

Your UpFront Update -

Your UpFront Update Impersonation scams that pose as executives and staff of well-known money managers and hedge funds are popping up across social media platforms and instant messaging apps. In most cases, the scams seek to commit fraud by offering phony investment opportunities by the firms and individuals they are i...

Your UpFront Update -

Your UpFront Update Trading activity appears to be the focal point for a regulatory and criminal probe into an investment adviser who’s co-chief investment officer has subsequently taken a leave of absence. Western Asset Management, a fixed-income manager and Franklin Templeton subsidiary, has confirmed its co-chief ...

Your UpFront Update -

Your UpFront Update The SEC has been interested in pursuing charges against activist investor Carl Icahn and his firm for many years, according to Amy Lynch, FrontLine’s Founder and President. The SEC has now finally settled a case with Icahn and his company, IEP, for $2 million in fines. With quotes in the title, su...

Your UpFront Update -

Your UpFront Update The Latest for Private Funds, Plus 3 Exam Areas Always Covered In June, the Fifth Circuit Court of Appeals vacated the SEC’s new Private Fund Rules adopted in August 2023 with an initial compliance date of September 14, 2024 for large advisers. This did not come as a surprise to the industry based...

What's Next for Private Funds? - https://mailchi.mp/frontlinecompliance/boardroom-whats-next-for-private-funds

Amy Lynch Advises Firms to be Ready for SEC Visits - https://mailchi.mp/frontlinecompliance/in-the-news-amy-lynch-advises-firms-to-be-ready-for-sec-visits

Upcoming - Amy Lynch Live on CNBC - https://mailchi.mp/frontlinecompliance/amy-lynch-live-on-cnbc-roaring-kitty-mania

We're Getting Noticed - In The News Over 200 Times (since 2020) - https://mailchi.mp/frontlinecompliance/were-getting-noticed-in-the-news-978443

Your UpFront Update -

Your UpFront Update The SEC’s rule requiring tailored shareholder reports for mutual funds and ETFs has created a number of extra steps for advisers to these funds. Fund CCOs are finding the rule’s requirement to make shareholder reports more useful for retail investors has created more compliance burdens than expe...

SEC’s Marketing Exams Reveal Compliance Shortcomings - https://mailchi.mp/frontlinecompliance/compliancealert-secs-marketing-exams-reveal-compliance-shortcomings

Your UpFront Update -

Your UpFront Update There are new enforcement actions against investment advisers for non-compliance with the SEC’s Marketing Rule. In these cases, the SEC focused on the advertisement of hypothetical performance on the firms’ websites that violated the Rule, as well as other false or misleading statements made. Am...

Your UpFront Update -

Your UpFront Update These days audit independence rules are posing even greater challenges for fund accounting firms. With only a few large firms handling the majority of fund audits, maintaining full independence can be tripped up when other services occur at the same time. One firm, PwC, was recently fined by the Pub...

Your UpFront Update Private fund managers with funds currently exempt from certain compliance requirements could have exposure to new rules ahead. This includes private real estate funds, which would likely have new compliance obligations under several new SEC rules recently adopted, depending on their structure. Amy L...

Your UpFront Update -

Your UpFront Update Private fund managers with funds currently exempt from certain compliance requirements could have exposure to new rules ahead. This includes private real estate funds, which would likely have new compliance obligations under several new SEC rules recently adopted, depending on their structure. Amy L...

Regulatory Expert Amy Lynch on Why Private Funds Have the Most on the Line - https://mailchi.mp/frontlinecompliance/in-the-news-amy-lynch-on-new-rules-for-private-funds

Your UpFront Update -

Your UpFront Update The regulatory assault on private funds is underway, with no less than 10 new or amended SEC rules having a dramatic impact on the industry. FrontLine Compliance Founder and President Amy Lynch was recently interviewed by Hedge Fund Alert for their “Regulatory Roundup” series that digs into the ...

Your UpFront Update -

Your UpFront Update 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...

The SEC's Election Year Urgency - https://mailchi.mp/frontlinecompliance/boardroom-secs-election-year-urgency

More SEC Rules and Compliance Dates Arriving this Year - https://mailchi.mp/frontlinecompliance/boardroom-more-sec-rules-and-compliance-dates-arriving-this-year

Your UpFront Update -

Your UpFront Update 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 th...

Your UpFront Update -

Your UpFront Update 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...

A special holiday greeting from us to you - https://mailchi.mp/frontlinecompliance/holiday-ecard2-978240

Your UpFront Update -

Your UpFront Update SEC registered investment advisers and funds should expect a rules lineup in 2024 perhaps like no other in the recent history of financial regulation. Compliance dates for finalized rules covering private funds, Form PF, money market funds and fund names begin in 2024 and into 2025, while several ot...

Your UpFront Update -

Your UpFront Update Expect enforcement actions based on the Marketing Rule to continue to play a major role in the SEC’s aggressive agenda. These cases have already contributed to the nearly $5 billion in penalties and fines recorded by the SEC during its 2023 fiscal year and made public earlier this month. FrontLine...

More Marketing Rule Enforcement Ahead - https://mailchi.mp/frontlinecompliance/in-the-news-amy-lynch-on-aggressive-sec-and-enforcement-of-marketing-rule

Your UpFront Update -

Your UpFront Update The recently released annual listing of compliance consultants once again includes FrontLine Compliance as a leading firm offering compliance support and advising to hedge funds. Selected for the 10th consecutive time, the listing features several of FrontLine’s ongoing compliance support services...