In the wake of the recent Equifax breach that potentially affected the personal data of more than 143 million Americans, Equifax is pointing the finger at one of its third-party vendors as the cause. When dealing with third-party vendors, there is more at stake than organizations may realize. Vendors are entrusted with sensitive data and […]
I recently joined ACA as Managing Director and Head of ACA Aponix’s Global Regulatory Cybersecurity Practice. Before joining ACA, I served as Associate Director and Head of the National Technology Controls Examination Program with the U.S. Securities and Exchange Commission’s (“SEC”) Office of Compliance Inspections and Examinations (“OCIE”). I would like to take this opportunity
What Investment Advisers Need to Know about Regulatory Cybersecurity Read More »
An endpoint is any device connected to your enterprise network — laptops, PCs, and printers, for example. In addition to these devices, the average worker uses 3 or more mobile devices per day for work activities, then multiply that by the number of employees in your organization, and you’ll have an idea of how many
7 Ways You Can Secure Your Network Endpoints Read More »
The 21st Annual GIPS® Standards Conference was held in San Diego on September 14-15 with over 300 attendees. A number of topics were covered, including important aspects of the proposed 2020 GIPS Standards updates. Jonathan Boersma, CFA, Moderator, began the conference with opening remarks discussing his time as the Head of Professional Standards and Executive
Highlights from the 21st Annual GIPS Standards Conference Read More »
Cyber incidents can have devastating effects on business of all sizes. A breach or malware attack could cripple business operations, lead to financial losses, expose sensitive data, and cause reputational damage. This October, ACA Aponix will again participate in the U.S. Department of Homeland Security’s Stop.Think.Connect Campaign for National Cyber Security Awareness Month (NSCAM). Each
On September 14, 2017, the SEC’s Office of Compliance Inspections and Examinations (“OCIE”) issued a National Exam Program Risk Alert related to Rule 206(4)-1 under the Investment Advisers Act of 1940 (the “Advertising Rule”). The risk alert highlights the compliance issues most commonly noted by the SEC’s examination staff as part of a recent “Touting
OCIE Publishes Marketing Risk Alert Read More »
ACA Compliance Group recently hosted the webcast briefing Regulatory Investment in Trade Surveillance – What You Should Know. Kenny Clowers, Managing Director at ACA Compliance Group, and Farid Razzak, Data Science and Analytics Engineer at ACA Surveillance Technology, discussed how the SEC’s ongoing commitment to developing its technological capabilities for detecting financial crimes is impacting
On August 25 2016, the Securities and Exchange Commission (the “SEC”) adopted amendments to Form ADV and Rules 204-2(a)(7) and (a)(16). The amendments to Investment Advisers Act Rule 204-2 will require advisers to maintain additional records related to the calculation and distribution of performance information. The purpose of the new performance record-keeping requirement is to
SEC Tightens Record-Keeping Requirement on RIAs Reporting Performance Read More »
Communications record keeping obligations which include phone taping, are likely to prove particularly challenging when it comes to the cost of compliance and complexity of systems requirements. In fact, the obligations threaten to prove some of the most technically difficult for the buy-side to comply with. Who Needs to Keep Records? Although the FCA has
MiFID II for Asset Managers: Communications Record Keeping Read More »
The electronic communication mediums that investment advisers use to conduct business continue to evolve, posing a challenge to the compliance community’s ability to retain and adequately supervise the appropriate books and records. The U.S. Securities and Exchange Commission’s (SEC) Office of Compliance Inspections and Examinations (OCIE) has recently demonstrated an increased interest in understanding how
5 Ways to Meet Regulators’ Expectations Regarding Electronic Communications Read More »
