Hedge Funds

GDPR: Impacts on American Firms without EU Clients

Confirmation that your firm does not hold any EU resident’s (“data subjects”) data is the first step in complying with the new General Data Protection Regulation (“GDPR”), effective May 25, 2018.  There will still be some decisions and changes awaiting you.  Firms without any EU residents’ data will be impacted in three main ways: deciding if the… READ MORE

Budget Season is Nearing an End – Are You Ready for What’s Ahead?

Benjamin Franklin is credited with saying, “You may delay, but time will not.” With only a few weeks left in the year, there is no time to put off completing certain Compliance tasks. Many firms are scrambling to complete their branch exams, mock audits, AML testing, continuing education requirements, looking at tax strategies and compensation… READ MORE

Fiduciary Status Under The New DOL Rule — Frequently Asked Questions

On April 6, 2016, the U.S. Department of Labor (DOL) released its final regulation (DOL Rule) defining fiduciary, which expands the circumstances under which financial professionals become fiduciaries for purposes of ERISA and the prohibited transaction provisions of the Internal Revenue Code, as a result of providing investment advice. The DOL also issued two new… READ MORE