Insights
Active Risk Alert: Firms Receiving Phishing Attempts from Compromised Internal Emails
On August 11th, ACA confirmed three financial services firms are experiencing phishing attacks using identical phishing emails and tactics. Firms should be on heightened alert.
- Cybersecurity
Regulatory Enforcement of Off-Channel Communications
The U.S. SEC has charged 11 financial firms for failing to maintain electronic communications, imposing penalties of over $289 million. This is part of a broader crackdown, with previous cases involving similar charges and penalties exceeding $1.5 billion, raising industry concerns about proper recordkeeping.
- SEC
- Compliance
- RegTech
FCA Publishes Market Watch 74
The UK FCA's Market Watch 74 focuses on transaction reporting issues, highlighting improvements but persistent data quality problems. It covers MDP usage, E&O submissions, validation rules, decision maker identification, and more.
- FCA
- Compliance
General Solicitation Under Regulation D – Recent Trends and Enforcement Activity
There has been a rise in 506(c) general solicitation offerings due to factors such as shifts in SEC's attitude and increased enforcement of 506(b) rules.
- SEC
- Compliance
Zoom’s New Terms of Service Create Data Privacy Concerns
Zoom's updated Terms of Service introduce changes allowing broader use of customer data for its AI programs, raising privacy concerns due to vague language and limited opt-out options.
- Privacy
- Cybersecurity
Solving Investment Industry Challenges: The Strategic Role of Managed Performance Services
As the cost of in-house talent increases, firms must adopt efficient investment performance measurement and reporting processes, such as leveraging outsourced performance services.
- Performance
- Managed Services
The Increasing Importance of Robust Insider Trading Controls at Private Markets Fund Managers
Private markets fund managers have underestimated insider trading risks due to their limited involvement in public markets, but increasing interactions with public companies and expert networks have heightened exposure to material nonpublic information (MNPI).
- Compliance
U.S. Regulatory Update - Summer 2023
This edition includes updates to the SEC’s rulemaking calendar, recent money market fund reforms, FINRA's recent financial reports, and more.
- SEC
- Compliance
Myths About Cybersecurity Portfolio Oversight: Myth #4
In part 4 of our series we tackle the myth that cyber oversight is (only) about downside risk management.
- Cybersecurity Resources
- Cybersecurity
- Portfolio Company Risk Management
The Expanded ETF Ecosystem
Discover how the landscape of ETFs is evolving as funds are increasingly shifting away from daily holdings disclosures. Gain expert guidance on navigating this changing landscape and embracing the new wave of semi-transparent ETFs.
- Distribution