- In the News
Cipperman Enhances Our Take with a Bi-Monthly Compliance Minute Recap
See the first video here.
on CNBC’s “Closing Bell”
Todd provides his perspective on why hedge funds are failing at a tremendous rate, even as stocks soar
on “The Street”
See his latest interview about “SEC Eyes Examination of Alternative Mutual Funds”
quoted in Wall Street Journal
Feeder Funds Must Attach Master Fund Financials
“The SEC’s Chief Accountant Office has issued guidance for feeder funds and fund-of-funds that would generally require separate presentation...”
Ten Firms Charged with Violating 8-K Rules
“The SEC announced settled enforcement actions against 10 companies for a total of $350,000 in penalties for failing to file...”
FINRA Proposes Pay-to-Play Rules Similar to SEC Rules
“FINRA has proposed pay-to-play rules that would restrict member firms from engaging in solicitation activities on behalf of investment advisers if...”
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Will it withstand SEC scrutiny during a regulatory exam? Do you assess your regulatory risk the same way that the SEC does? Should you be worried?
Worst-case scenario: You’ve done something so egregious that the SEC lawyers refer the case to Enforcement, which could lead to public censure, fines, expensive undertakings, and industry bans.
Least-bad scenario: A problem shows up on a deficiency letter that a potential client will see.
In between: You and your firm become entangled in an ongoing regulatory dialog with the SEC that costs time and money. And, once the SEC determines that you or your firm is a compliance risk, you will likely see the examiners on an annual (if not continuing) basis.
With the increasing complexity and visibility of regulatory oversight, investment organizations are choosing to utilize independent partners to develop and execute compliance programs.
Cipperman Compliance Services (CCS) provides compliance services to registered funds and money managers. CCS creates compliance solutions that work for dynamic firms by leveraging the experience of a multi-disciplinary team of lawyers, compliance and operations professionals, and applying a management-focused approach to client services.
CCS takes full accountability for implementing its advice and solutions, which include serving as a firm’s chief compliance officer, creating customized compliance programs, conducting compliance reviews, and responding to regulatory inquiries.