Insights
White Paper: Unveiling Industry Perspectives on the SEC’s Proposed Cyber Rule 206(4)-9
The public has weighed in on the SEC's proposed Rule 206(4)-9, which sets cybersecurity risk management expectations for investment firms. In this guide, we discuss the industry's reaction, exploring the main areas of concern for the Rule.
- Cybersecurity
- Compliance
- SEC
Maintaining Quality Investment Performance Measurement and Reporting Amid Increased Pressure
The investment industry is undergoing transformation due to technology, changing preferences, and regulations, while firms struggle with recruitment, compliance, and costs. Firms need efficient processes and technology adoption to reduce the burden on in-house resources.
- Managed Services
- Performance
White Paper: Building and Distributing an Exchange-Traded Fund from Start to Finish
In this guide, we walk you through everything you need to know to start launching an exchange-traded fund (ETF), including the differences between ETFs and other product offerings, startup costs, necessary service providers, and how to gain assets via distribution.
- Distribution
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