Stay to up to date on trends and breaking news impacting financial services and compliance, performance, risk and cybersecurity.
New Enforcement Date for DOL Rollover Recommendations: Documenting and Meeting the DOL’s Prohibited Transaction Exemption
New Enforcement Date for DOL Rollover Recommendations: Documenting and Meeting the DOL’s Prohibited Transaction Exemption WHAT HAPPENED? The recent Department of Labor Field Assistance Bulletin 2021-02 provides that from December 21, 2021, [...]
Beware of BlackMatter
Beware of BlackMatter WHAT HAPPENED? BlackMatter is ransomware-as-a-service tool that allows ransomware developers to profit from cybercriminal affiliates, such as BlackMatter actors, who deploy against victims. These actors have attacked numerous [...]
Rockin’ the Proxy Boat
Rockin’ the Proxy Boat WHAT HAPPENED? On September 29, 2021, the SEC’s new Chairman, Gary Gensler held an open meeting discussing proposed amendments to Form N-PX. These amendments would enhance [...]
Be Alert as Ransomware Conti-nues to Take Over
Be Alert as Ransomware Conti-nues to Take Over WHAT HAPPENED? The Cybersecurity and Infrastructure Security Agency (CISA) and the FBI have seen Conti ransomware used in more than 400 attacks on U.S. [...]
Family Matters: The Family Office Exemption from SEC Registration Could Change
Family Matters: The Family Office Exemption from SEC Registration Could Change WHAT HAPPENED? Recently, U.S. Congresswoman, Alexandria Ocasio-Cortez introduced The Family Office Regulation Act of 2021 (4620) to amend the Investment Advisers [...]
Apple Device Updates
Apple Device Updates WHAT HAPPENED? Apple owners: Time to update your software. Apple has uncovered evidence that attackers may be actively exploiting two vulnerabilities in company software to take over certain Apple [...]
The SEC Suits Up for Suitable Recommendations
The SEC Suits Up for Suitable Recommendations WHAT HAPPENED? The SEC has recently started cracking down on investment advisers improperly recommending complex financial products. In a recent case, the SEC found [...]
FINRA IRR & How it Relates to the GIPS Standards
FINRA IRR & How it Relates to the GIPS Standards The Financial Industry Regulatory Authority (FINRA) released a regulatory notice allowing asset managers to present internal rates of return (IRR) in marketing materials, [...]
Cybersecurity and ESG Proposals Are on the Horizon: Key Takeaways from SEC Chair’s Senate Testimony
Cybersecurity and ESG Proposals Are on the Horizon: Key Takeaways from SEC Chair’s Senate Testimony WHAT HAPPENED? Before the Senate Banking Committee on September 14th, SEC Chair, Gary Gensler, indicated that [...]
ALERT: Phishing Attack Posing as FINRA Request
ALERT: Phishing Attack Posing as FINRA Request WHAT HAPPENED? Broker-dealers, investment advisers, and investment companies could be affected by a new phishing campaign. This is similar to the FINRA survey phishing campaign [...]
Are Your Employees Being Recruited to Attack Your Firm?
Are Your Employees Being Recruited to Attack Your Firm? WHAT HAPPENED? Cybersecurity criminals are utilizing unconventional methods to breach company networks through ransomware attacks, which may even be carried out through the [...]
SEC Cybersecurity Sanctions: Your Firm Could Be Next
SEC Cybersecurity Sanctions: Your Firm Could Be Next WHAT HAPPENED? On August 30th, the SEC sanctioned eight firms in three actions for failures in cybersecurity policies and procedures. The investigations revealed: Among [...]
Performance Practice Leader of Fairview Appointed Chair of CFA Institute’s United States Investment Performance Committee
Performance Practice Leader of Fairview Appointed Chair of CFA Institute’s United States Investment Performance Committee We are pleased to announce that Fairview Performance Service’s Vice President and Performance Practice Leader, Greta Nathan, [...]
Wrap Fee Program Compliance Risks: The SEC’s Latest Guidance
Wrap Fee Program Compliance Risks: The SEC’s Latest Guidance WHAT HAPPENED? The SEC recently released a Risk Alert outlining common compliance concerns among advisers’ wrap fee programs. This type [...]
The SEC’s Latest Exam and Request List Trends
The SEC’s Latest Exam and Request List Trends WHAT HAPPENED? With new SEC leadership in place, including Chairman Gary Gensler and Director of Enforcement Gurbir Grewal, the Commission’s examination [...]
SEC Cybersecurity Sweep Exams? Here is what you need to know.
SEC Cybersecurity Sweep Exams? Here is what you need to know. WHAT HAPPENED? Recently, there has been an increase in SEC Exam requests related to cybersecurity. Although the SEC [...]