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Insights

May 19, 2020 | Compliance Alert - SEC

The U.S. Securities and Exchange Commission’s (SEC) Office of Compliance Inspections and Examinations (OCIE) announced in March that it intends to engage in an ongoing outreach with registrants to assess the impacts of COVID-19, including challenges impacting operational resiliency. In the last few weeks, ACA has seen an increase in the number of examinations announced by the SEC examination staff.

May 18, 2020 | Survey

We invite you to complete a short survey to provide insight and transparency into the various ways firms are preparing for Reg BI and Form CRS in preparation for the June 30, 2020 compliance deadline.

May 15, 2020 | Thought Leadership

In this blog post, we share peer insights into how financial firms’ CCOs are navigating today's challenges, evolving regulatory expectations, and looming economic realities, along with ACA's expertise into how CCOs can adjust their compliance programs for long-term success in this environment.

May 11, 2020 | Case Study

Read how a private equity energy investor experiencing increased cyber threats to its portfolio companies worked with ACA Aponix to deploy a comprehensive risk management solution to cover all of the firm’s oil and gas portfolio companies.

 

May 7, 2020 | Compliance Alert - FCA

The FCA recently published its pragmatic yet ambitious annual Business Plan for 2020-21, which makes it clear that the current COVID-19 crisis will neither derail the regulator's multi-year strategy nor lead to a relaxation of its policing mission. We examine what the regulator's plans mean for financial services firms. 

May 7, 2020 | Cyber Alert

Web hosting giant GoDaddy® has suffered a breach affecting thousands of users, per reports of security researchers. The data breach occurred in October 2019, but was first discovered on April 23rd of this year.

May 7, 2020 | Case Study

Read how Lynx FBO Network (Lynx) in the general aviation industry worked with ACA Aponix to execute a Holistic Technology and Cybersecurity Risk Assessment.

May 5, 2020 | Compliance Alert - CFTC

The NFA provided relief to CTAs that are also registered with the SEC to present past performance to ECPs on a gross basis in non-public, one-on-one presentations. The CFTC also proposed changes to the Form CPO-PQR revising the scope of information collected.

April 30, 2020 | Compliance Alert - CFTC

Due to the ongoing COVID-19 pandemic, the National Futures Association has suspended its applicant fingerprinting service for its registrants and their principals and associated persons. The social distancing requirements have made it difficult to comply with the requirements set forth in CFTC Regulation 3.10 and 3.12.

April 29, 2020 | Thought Leadership

In the current environment created by the COVID-19 pandemic, remote working (usually from home) has become the new norm. Firms and their staff must be flexible to adapt to fresh challenges while maintaining business disciplines, systems and controls. This complimentary training webcast is designed to help ensure that staff, regardless of their role, do not forget their core compliance responsibilities during this period.

April 28, 2020 | Thought Leadership

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 28, 2020 | Compliance Alert - SEC

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. 

April 27, 2020 | Newsletter

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...

April 27, 2020 | Press Release

ACA Compliance Group (“ACA”) announced today that the firm has appointed Carrie Yonenson as Chief Human Resources Officer (CHRO) and Dave Metzger as Chief Financial Officer (CFO). Both will be based in ACA’s Silver Spring, MD office.

Carrie Yonenson, Chief Human Resources Officer

Carrie Yoneson joins ACA with over 14 years of experience in human resources and employment law. In the newly established CHRO position, Carrie will be an integral part of the leadership team at the firm. In her role, she will oversee all aspects of ACA’s human resources and people strategy, including talent...

April 24, 2020 | Compliance Alert - FinCEN

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.

April 24, 2020 | Cyber Alert

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.

April 24, 2020 | Thought Leadership

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.

April 23, 2020 | Compliance Alert - FCA

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.

April 23, 2020 | Compliance Alert - SEC

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.

April 22, 2020 | Thought Leadership

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.

April 21, 2020 | Thought Leadership

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

April 20, 2020 | Survey

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.

April 20, 2020 | Cyber Alert

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. 

April 17, 2020 | Compliance Alert - FCA

The FCA is maintaining a dedicated webpage detailing its expectations for solo-regulated firms during the COVID-19 pandemic, and guidance on the application of the Senior Managers and Certification Regime (“SM&CR”). 

April 16, 2020 | Compliance Alert - SEC

On April 9, 2020, the SEC announced temporary, conditional relief until December 31, 2020, allowing business development companies flexibility to issue and sell senior securities, and invest alongside certain affiliates that would otherwise be prohibited by the Investment Company Act.