FrontLine Compliance News Archives 2010

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FrontLine Compliance in the News

• AUG 2010 - Amy Lynch quoted on strategies for complying with new Form ADV, part 2 (IA Week, 8/2/10)
• AUG 2010 - Amy Lynch comments on proposed SRO’s impact on advisers (Fund Action, 8/2/10)
• JUL 2010 - Amy Lynch quoted on role of technology in reg reform’s stepped-up compliance (InvestmentNews, 7/25/10)
• JUL 2010 - Comments from Amy Lynch featured in article on increased scrutiny of dually registered firms (BD Week, 7/5/10)
• JUN 2010 - FrontLine expands staff by adding two former regulators to consulting team (6/23/10 press release)
• JUN 2010 - Comments from Amy Lynch featured in "Enforcement Alert" cover story on OBAs (BD Week, 6/14/10)
• MAY 2010 - Amy Lynch comments on regulatory issues for outside business activities (InvestmentNews, 5/14/10)
• MAY 2010 - Amy Lynch quoted on compliance systems and technology in hedge fund cover story (Wall Street & Technology, 5/5/10)
• MAY 2010 - Amy Lynch provides comments on SEC’s new examination tactics (IGNITES, 5/3/10)
• APR 2010 - Comments from Amy Lynch featured in "Enforcement Alert" cover story (BD Week, 4/19/10)
• APR 2010 - Amy Lynch comments on new suitability requirements for insurance carriers and broker-dealers (InvestmentNews, 4/4/10)
• MAR 2010 - FrontLine's audit services profiled in "Advisor Forum" feature (Fund Action, 3/1/10)
• FEB 2010 - Amy Lynch quoted in story on case involving third party variable annuity sales (InvestmentNews, 2/21/10)
• FEB 2010 - Amy Lynch quoted in story on implications of FINRA's social networking guidance (BD Week, 2/1/10)
• JAN 2010 - ComplianceAlert issued by FrontLine on regulators is "Breaking News" story (HedgeCo.Net, 1/27/10)

ComplianceAlerts

• SEC proposal extends expiration date for principal trading rule (12/7/10)
• SEC pushes out proposals for investment advisers (11/23/10)
• New SEC rule requires system of risk management controls and supervisory procedures (11/10/10)
• SEC muni advisor rule to take effect (9/9/10)
• SEC finally adopts amendments to Form ADV, Part 2 (7/22/10)
• Senate passes controversial financial regulatory reform bill (7/15/10)
• New circuit breaker rules passed for all exchanges (6/10/10)
• OIG report on Stanford cites SEC enforcement lapses. SEC issues "fact sheet" to address concerns. (4/20/10)
• SEC confirmed as primary regulator of mutual funds for AML compliance (4/15/10)
• AML joint release raises bar on customer due diligence (3/11/10)
• Regulatory Reform Takes Shape – Hits Money Funds (3/4/10)
• New Massachusetts privacy law effective 3/1/10 — to impact Reg S-P and BCP policies (2/23/10)
• Ready or not: new Rule 2330 to take effect in days (2/4/10)
• FINRA’s notice on social networking sites – what it means for your firm (1/28/10)
• No staff, no excuse – regulators turn up the heat (1/26/10)
• New FinCEN CIP Rule impacts your 2010 AML Program (1/14/10)
• New SEC principal trading rule in effect…for now (1/6/10)

Hot Issues

• SEC proposes rules for breaking erroneous trades, follows implementation of circuit breakers
• Senate financial reform legislation – in committee with House version before full vote
• SEC proposed rule on target date fund marketing – comments due by 8/23/10
• House proposed amendments on fiduciary standards, conferees debating oversight for municipal advisers
• FINRA Regulatory Notice on SEC approved pilot program to halt trading – in effect until 12/10/10
• Joint comment letter from SIFMA, ICI and FIA on anti-money laundering guidance issued by FinCEN
• FINRA Regulatory Notice on changes to customer complaint reporting for annuities and life settlements – effective 7/1/10
• SEC finalizes amendments to rule requiring municipal securities disclosures
• MFA comment letter on SEC’s proposed rule on large trader reporting system
• FTC Red Flags Rule - effective date delayed again, now 12/31/10
• FINRA Regulatory Notice on broker-dealer compliance obligations for private placements
• Firm Element Advisory (FEA) identifies topics for firm element training plans
• FINRA releases annual examination priorities letter for 2010
• SEC finalizes money market fund reform rules and amendments
• FINRA Regulatory Notice provides guidance on social networking web sites
• Massachusetts establishes new privacy law, impacts Reg S-P and BCP – effective 3/1/10
• New FINRA Rule 2330 requirements now in place – effective 2/8/10
• SEC Investor Advisory Committee memo on definitions of fiduciary duty
• SEC approves final rule on short selling restrictions
• FinCEN proposed rule on new regulations for Foreign Bank Accounts Report (FBAR)
• SEC issues notice and order approving FINRA’s proposal to expand TRACE reporting
• NASAA comment letter on proposed changes to FINRA’s registration and qualification requirements
• SEC proposed rule on dark pools – comment period ends 3/29/10
• California legislation impacts broker-dealers acting as placement agents
• FINRA Regulatory Notice on reverse convertibles and sales practice obligations
• SEC finalizes custody rule – "surprise exams" to verify client assets
• FINRA Regulatory Notice on new registration and qualification rules – comment period ends 2/1/10
• SEC new principal trading rule in effect for one year only – expires 12/31/10
• House passes Wall Street Reform and Consumer Protection Act, sent to Senate for debate
• FINRA arbitration award of $1.6 million cites Financial Elderly Abuse Act
• SEC’s Reg S-AM, limitation on affiliate marketing - date for compliance extended to 6/1/10
• SIFMA comment letter on FINRA’s proposed new Rule 2210, communications with the public
• FINRA final renewal statements now available – additional fees/payment deadline 2/10/10
• House approves Enhanced SEC Enforcement Authority Act, compels attendance of witnesses
• SEC order on reduced annual and initial IARD filing fees for advisers - one year period beginning 1/1/10
• MFA comment letter on proposed House plan to create new resolution fund as part of financial stability legislation
• FINRA Regulatory Notice discusses proposed rule on payments to unregistered persons – comment period ends 2/1/10