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.

COVID-19 and the CAT: Exemptive Relief and Cybersecurity Measures

The SEC’s recent actions in regard to the coronavirus address a wide range of concerns. One of these agency measures provided relief for those working on development of the Comprehensive Audit Trail, perhaps better known as the CAT, through a temporary no-action letter for self-regulatory organizations.

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.

2020 Cybersecurity Risks: Here’s What to Expect

The new year is only a bit over one month old, but it’s already clear what the trends in cybersecurity risks through the year are likely to be. Risks tied to cloud usage, ransomware, artificial intelligence and more will make their presence increasingly felt as the year progresses. Use this article to be aware of them and ensure that your firm is doing all it can to protect itself.

Cybersecurity Practices: OCIE Reveals Examiner Observations

The SEC regards information security as a key risk and its examiners have made it a top priority since the issue rose to prominence more than eight years ago. Now, through its Office of Compliance Inspections and Examinations, the agency has released a comprehensive list of industry practices that OCIE staff have observed. While carefully making clear that these are not required practices, the release leaves little doubt that examiners will keep these in mind when visiting registrants.

Now is the Time to Prepare for a Cyberattack from Abroad

One lesson from the concerns about possible Iranian actions in the wake of the U.S. killing of General Qasem Suleimani is a cyberattack on domestic infrastructure. Investment advisers and funds, even if not the primary targets of such an attack, could be caught up in one, with potentially significant consequences for themselves and their clients. Firms, even those with cyber defenses in place, would be wise to take steps to mitigate damage from any such attack.

2019 in Review: New and Revised Rules, Enforcement Initiatives, Cybersecurity and More

If anything, 2019 will be remembered as the year when Jay Clayton’s SEC tackled rulemaking head on. The Commission adopted a Standards of Conduct package designed in part to delineate the difference between investment advisers and broker-dealers, and an Exchange-Traded Funds Rule that was widely welcomed by the industry. It proposed new rules for advertising and solicitation, proxy voting advisory firms, filing exemptive applications, and most recently, expanding the definition of “accredited investor.”

Cybersecurity: Avoid the Breaches that Other Firms Experienced in 2019

Cyber breaches are never good news, but 2019 saw a huge jump in the number of companies that experienced them. The key takeaway? Take steps now to safeguard data, lest your firm becomes a cyber victim in 2020.

Nine Inspectors General Call for Joint Efforts to Address Cybersecurity and More

Inspectors General from the SEC, the CFTC, the Treasury Department and six other financial regulatory bodies recently issued a report that addresses seven management and performance challenges they face – a list that includes enhanced oversight of cybersecurity, managing and securing information technology, and sharing threat information. The report, Top Management and Performance Challenges Facing […]

Peirce Calls for Digital Token Safe Harbor

Long a backer of digital innovation in the securities markets, SEC Commissioner Hester Peirce on July 30 called for the creation of a digital token safe harbor that would permit issuers to offer tokens “under an alternative regime with robust requirements.” Peirce made her pitch during a speech in Singapore at an international conference on […]

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.