ACA Spotlight Blog

ACA Spotlight Blog

Risk and compliance alerts, insights, and resources for financial services firms
 

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ACA's experienced compliance, risk, performance, cybersecurity, and technology professionals regularly provide insights on industry news, trends, and best practices. Our blog consolidates all ACA compliance alerts, thought leadership articles, white papers, cybersecurity alerts, and results from ACA surveys to help you find the information you need more quickly and easily.

SEC Fines Private Fund Manager
Compliance Alert - SEC
April 28, 2020

A recently settled enforcement action re-emphasizes the importance of issues highlighted in the SEC's 2017 Risk Alert related to Rule 206(4)-1 under the Advertising Rule. 

abstract man typing in front of stock market chart
Thought Leadership
April 28, 2020

With the current market volatility and the “new normal” of remote work, firms should ensure their Code of Ethics program is adjusted to comprehensively monitor for the new employee risks brought about by this environment. In this blog post, we share what concerns firms have regarding their Code of Ethics, as well as best practices for enhancing your firm's Code of Ethics program.

April 2020 Broker-Dealer Newsletter
Newsletter
April 27, 2020

ACA Broker-Dealer Services invites you to download the latest edition of our newsletter. This issue highlights Consolidated Audit Trail, Where Are We Now?, The SEC Publishes FAQs for Reg BI, FINRA and OCIE Exam Priorities, NASAA Survey About Reg BI Implementation, FINRA Pandemic-Related Busines Continuity Planning, Guidance, and Regulatory Relief...

abstract motion blur cybersecurity composite
Cyber Alert
April 24, 2020

Learn how to protect yourself from the "zero-click” vulnerability discovered on Apple® iPhones® and iPads®  that enables bad actors to hack into devices by sending specially crafted email.

FinCEN Provides Relief and Guidance in Response to the COVID-19 Pandemic
Compliance Alert - FinCEN
April 24, 2020

On April 3, 2020, FinCEN finally issued relief to financial institutions experiencing challenges meeting certain compliance requirements during the COVID-19 pandemic. FinCEN and banking regulators like the OCC recognize there may be reasonable delays in complying with timing requirements for certain Bank Secrecy Act report filings.

How to Identify and Avoid COVID-19-Related Fraud
Thought Leadership
April 24, 2020

It is inspiring to see, hear, and read each day about the many acts of charity, kindness, sacrifice, thoughtfulness, and support that have come out of the COVID-19 pandemic. However, there are also fraudsters, scammers, bad actors, and criminals looking for opportunities to take advantage of the vulnerable and profit from illegal activities.

CRD Now Accepting Form CRS
Compliance Alert - SEC
April 23, 2020

The SEC released updated Form CRS FAQs on April 6,2020. Although the filing date is June 30, 2020, firms should start drafting their forms for filing as soon as possible.

Compliance Alert - FCA
April 23, 2020

This week, the FCA announced temporary extensions to the submission deadlines for certain regulatory reports due between now and 30 June 2020. We examine how this impacts financial services firms.

Thought Leadership
April 22, 2020

As part of the CARES Act, the Small Business Administration started the Paycheck Protection Program on April 3, 2020, to provide support to small business affected by COVID-19. Learn more about considerations for firms looking to become a PPP lender.

abstract person holding tablet
Thought Leadership
April 21, 2020

How can PE firms reduce costs, enhance efficiency, and shore up their portfolio companies during these troubled times? 

abstract motion blur cybersecurity composite
Cyber Alert
April 20, 2020

Two new and dangerous exploits of the popular Zoom teleconferencing software that allow attackers to hack Zoom users, spy on their calls, and potentially exfiltrate user data have been made available for sale to hackers. 

2020 Investment Management Compliance Testing Survey
Survey
April 20, 2020

ACA Compliance Group, Investment Adviser Association, and BrightSphere Investment Group invite you to participate in the 2020 Investment Management Compliance Testing Survey. The survey will remain open through Sunday, May 31.