Compliance Programs and CCOs

Remote Office Challenges: 15 Solutions for Cyber Threats and More

The push to remote offices as a result of COVID-19 brings with it all kinds of challenges, including the need for vigilant cybersecurity, continued effectiveness with clients, staff organization and meetings, and communications. Firms would be wise to see the move to remote offices as more than a geographic challenge, but one that impacts both cybersecurity and the way they do business.

Asset Managers Need to Address COVID-19 Effect on Operations, Cybersecurity

Investment advisers, funds and other financial firms face a changing business and compliance dynamic as the threat of the coronavirus – and the government and other restrictions to combat it – grow. Decisions need to be made in areas such as operations, compliance, cybersecurity and more.

Coronavirus: Regulators Here and Abroad Take Action

The ripples from COVID-19 are many and growing. Aside from concerns about people’s health and the large and volatile stock market decline, there are ramifications affecting investment advisers, investment companies and others, with the SEC, the CFTC, the United Kingdom’s Financial Conduct Authority (FCA) and European Union regulators addressing the issues and taking actions.

Coronavirus: Test Business Continuity Plans, Speak to Clients with One Voice

Advisers and funds experienced severe downturns in the stock market this past week, primarily due to the ramifications of the growing coronavirus, which began in China and now is spreading internationally, including in the United States. Aside from concerns about client investments and employee health, compliance departments should ensure that their business continuity plans are ready to go, and stay on top of client messaging.

Compliance Staff Applicants with Data Skills Likely to Draw Interest from CCOs

Chief compliance officers seeking to fill compliance staff positions traditionally seek applicants knowledgeable about the Advisers Act, good people skills and perhaps compliance experience at another firm. Those skills are still important, but CCOs today need to add another core competency to the list: familiarity with data sets,including how to read them, and how to manipulate them to see patterns.

Survey: Cybersecurity Again Hottest Compliance Topic, Custody Drops

Advisory firms nationwide continue to be highly concerned about cybersecurity, with approximately 83 percent of them naming it their highest compliance concern for the sixth year in a row. Concerns about custody compliance, however, are down from last year.

SEC Staff Urges Market Participants to Begin Transition from LIBOR

The end of 2021 may still seem some far off, but in terms of advisers and other market participants that will need to transition from the London Interbank Offered Rate (LIBOR), it may be getting uncomfortably close. The SEC staff in July issued a statement urging all market participants using LIBOR to begin the process of moving away.

SEC Scrutiny of Privacy Policies and Procedures Makes Implementation Essential

With SEC examiners increasing their scrutiny of how advisory firms protect privacy, now is the time for chief compliance officers to ensure that privacy policies and procedures not only exist, but are robustly implemented. The result will not only be an advisory firm with high confidence that private information is protected, but that its firms privacy practices will pass muster the next time examiners come to visit.

Survey Finds Advisers and Funds Making Liquidity Risk Management Choices

Investment advisers and fund complexes have begun to move past the stage of contemplating how they will comply with the SECs Liquidity Risk Management Rule and are making key choices on issues such as classification risk responsibilities, administration of their liquidity risk management program, and more.

Put Best Practices in Place to Ensure Branch Office Compliance

Branch office compliance practices have long been high on the SECs radar. Its Office of Compliance Inspections and Examinations has listed branch offices among its priorities for several years running and issued a risk alert to let advisers know what its examiners found. But ensuring compliance at branch offices, particularly new branch offices following an acquisition, takes considerable time and effort.

Audio Interviews

How to Read an SEC Enforcement Action

Stern Tannenbaum law firm partner Aegis Frumento on how to get the most from reading an SEC administrative order or court complaint.

Most Important Supreme Court Decisions for Advisers and Funds

Find out the high court decisions from recent years that are likely to affect how advisers and investment companies work from Debevoise partner Robert Kaplan. 

Top 10 Cybersecurity Steps to Take Now

Sutherland law firm partner Brian Rubin shares the most urgent cybersecurity steps for investment advisers.

Top Marketing Problems … and Solutions

Get solutions for the top marketing challenges that advisers face from ACA Compliance Group managing director Kimberly Daly

Watch Out for 5 Cybersecurity Myths

ACA Aponix Director Pascal Busnel on the most common cybersecurity myths that may cause firms to spend resources where they may not be needed.

The Hidden Costs of Non-Compliance

Proskauer law firm partner and former SEC Division of Investment Management deputy director Robert Plaze on why the costs of non-compliance go way beyond an SEC penalty.

CCO Liability: How to Protect Yourself

Find out from Blue Edge Capital CCO Margaret Fretz what chief compliance officers may be liable for and best practices to make sure you are protected.

Ethics or Compliance: Making the Choice

Find out the difference an ethics, rather than a compliance, perspective makes at an advisory firm from former Ethics and Compliance Officer Association COO Timothy Mazur.