News and Insights

#00669a

April 16, 2018 | Compliance Alert

On April 12, 2018, the SEC’s Office of Compliance Inspections and Examinations (“OCIE”) issued a National Exam Program Risk Alert related the risks and issues associated with advisory fees and expenses charged by registered investment advisers. The risk alert reflects issues identified in deficiency letters from over 1,500 adviser examinations completed during the past two years.

April 12, 2018 | Compliance Alert

On March 23, 2018, when the House and Senate passed — and President Trump signed into law — the Consolidated Appropriations Act, 2018, the Small Business Credit Availability Act1 (“SBCAA”) also became law. The SBCAA contains two key provisions affecting Business Development Companies (“BDCs”):

April 6, 2018 | Case Study, Blog Article

ACA Technology's Product Spotlight series highlights how ACA's technology solutions can help firms streamline operations, scale for growth, and meet business objectives effectively and efficiently.

Today's product spotlight focuses on ACA's NorthPoint Investment Management System and NorthPoint Data Management Solutions.

April 6, 2018 | Blog Article

More firms continue to be implicated as fallout from the F-Squared Investments, Inc. enforcement action continues. The latest development occurred March 22, when a federal judge ordered that F-Squared founder and former CEO Howard Present personally pay $13 million, including a $1.58 million civil money penalty, following his loss at trial this past October. This is a direct result of the Securities and Exchange Commission’s (SEC) increased focus on how advisers present third-party investment performance.

April 5, 2018 | Press Release
Unites two world-class leaders in providing GRC services and technology

ACA Compliance Group (“ACA”) announced today that it will acquire Cordium, a leading provider of governance, risk and compliance (GRC) services. The transaction is expected to close this summer, subject to regulatory approvals. The financial terms of the transaction will not be disclosed.

April 4, 2018 | Compliance Alert, Press Release

Investors and regulators globally are actively reviewing and examining digital asset advisers’ investment practices.

April 4, 2018 | Cyber Alert

On April 4, 2018, the U.S. Securities and Exchange Commission (“SEC”) issued an Investor Alert warning investors of fraud attempts involving individuals posing as SEC employees in order to gain sensitive information or steal money. The fraudulent schemes may involve a phone call or email offering to help investors purchase stock or confirm trades.

April 3, 2018 | Blog Article

ACA’s Spring 2018 Compliance and Performance Conference will include for the fourth time a performance-focused track specifically on issues related to performance measurement and the GIPS® Standards. Throughout the year, you have several performance conferences to choose from, so what makes ACA better than the others? Well, let us tell you…

April 2, 2018 | White Paper

ACA Performance Services is pleased to present, GIPS® Committees and Working Groups, a white paper summarizing frequently asked questions from a sample of our clients about GIPS Committees.

What's Inside?

Maintaining a GIPS committee or an informal working group

Application of a GIPS committee within startup firms as well as established global entities

Frequency of committee meetings

Committee meeting topics and activities

April 2, 2018 | Blog Article

During the first quarter of 2018, U.S. regulatory agencies and a federal district court issued statements and took actions that are likely to significantly affect the U.S. regulatory landscape for digital assets, including cryptocurrencies, initial coin offerings, and digital asset trading platforms. This blog post is a summary of our article detailing the recent key regulatory developments that apply to organizations operating in the U.S. digital asset space.

April 2, 2018 | Article

During the first quarter of 2018, U.S. regulatory agencies and a federal district court issued statements and took actions that are likely to significantly affect the U.S. regulatory landscape for digital assets, including cryptocurrencies, initial coin offerings, and digital asset trading platforms. This article is intended to serve as a summary of the recent key regulatory developments that apply to organizations operating in the U.S. digital asset space.

March 28, 2018 | Blog Article

Firms of all sizes frequently ask about the relevance and importance of forming a GIPS® Committee within their organization. Startup firms debate whether a GIPS Committee provides any added value when limited personnel causes constraints on resources. Conversely, well established, global entities often see the added value in having a committee but must weigh the operational burdens involved.

March 28, 2018 | Compliance Alert

Below are the regulatory filing submission deadlines occurring from April through June 2018. All filings are supported by the ACA Regulatory Reporting platform (ACA RR), except where noted.

Filing Name

March 28, 2018 | Blog Article

ACA’s Spring 2018 Compliance and Performance Conference, happening from May 9 to 11 at The Ritz-Carlton Amelia Island in Amelia Island, Florida, will feature educational sessions that are designed to keep you up-to-date on industry news, trends, and hot topics.

March 27, 2018 | Blog Article

ACA’s Spring 2018 Compliance and Performance Conference, happening from May 9 to 11 at The Ritz-Carlton Amelia Island in Amelia Island, Florida, will feature educational sessions that are designed to keep you up-to-date on industry news, trends, and hot topics.

March 27, 2018 | Cyber Alert

ACA Aponix is pleased to announce our new GDPR-specific due diligence questionnaire (DDQ), which is designed to determine if your vendors are compliant with GDPR requirements, working towards compliance, or have not considered the implications of GDPR. This brief DDQ can be administered as a standalone questionnaire at a reduced rate, and it is now included by default in the standard ACA Aponix vendor DDQ.

March 26, 2018 | Press Release
Key features include a redesigned user interface and the integration of Form 13F with Form PF.

ACA Technology Solutions, a division of ACA Compliance Group and a leading provider of investment management and regulatory compliance technology solutions, today announced the release of ACA Regulatory Reporting (“ACA RR”) 5.0.

Key enhancements include:

March 26, 2018 | Blog Article

ACA’s Spring 2018 Compliance and Performance Conference, happening from May 9 to 11 at The Ritz-Carlton Amelia Island in Amelia Island, Florida, will feature educational sessions that are designed to keep you up-to-date on industry news, trends, and hot topics.

March 23, 2018 | Blog Article

Firms that claim compliance with the GIPS® standards are required to notify CFA Institute of their claim of compliance. Each firm must submit the GIPS Compliance Form annually by June 30. Any data included in this form must be as of the prior December 31. Firms completing the form currently must include data as of December 31, 2017. Note that the form can be submitted anytime between now and June 30 and is not dependent upon completion of a firm’s 2017 verification.

March 23, 2018 | Compliance Alert

On March 14, 2018, the Securities and Exchange Commission (the “Commission”) voted (3-2 in favor) to propose amendments to Forms N-PORT and N-1A “to improve the reporting and disclosure of liquidity information by registered open-end investment companies.”1 Based on industry feedback, the Commission’s Proposing Release identifies three areas for potential revision to current requirement:

March 23, 2018 | Blog Article

ACA’s Spring 2018 Compliance and Performance Conference, happening from May 9 to 11 at The Ritz-Carlton Amelia Island in Amelia Island, Florida, will feature educational sessions that are designed to keep you up-to-date on industry news, trends, and hot topics.

March 23, 2018 | Cyber Alert

This advisory contains information about the Orbitz data breach and the OCR's investigation of a healthcare company's data breach.

March 22, 2018 | Blog Article

Compliance professionals have had a busy year so far, but the tasks and testing will continue to increase.

From preparing and filing the new Form ADV to assessing new regulations such as GDPR, compliance teams are feeling the strain of managing their day-to-day tasks as well as the stress of conducting periodic testing.

As the current quarter draws to a close, compliance managers should review their risk matrix and compliance calendar to ensure the following tasks are accounted for:

March 22, 2018 | Blog Article

ACA’s Spring 2018 Compliance and Performance Conference, happening from May 9 to 11 at The Ritz-Carlton Amelia Island in Amelia Island, Florida, will feature educational sessions that are designed to keep you up-to-date on industry news and hot topics. Today’s conference spotlight highlights three sessions that will be led by the cyber and technology risk professionals from ACA Aponix.

March 21, 2018 | Blog Article

Since the U.S. Securities and Exchange Commission’s (“SEC”) 2014 implementation of its National Exam Analytics Tool (“NEAT”), the SEC has increased the type and amount of data it requires from registered investment advisers as part of the SEC’s exam program. Specifically, ACA has observed a substantial increase in the type of trading and position data that the SEC uses to analyze advisers’ investing activities.