Michael Avon

A few Friday thoughts... After several days in Chicago surrounded by 200+ LPs at the ILPA Members' Conference covering everything from AI to NAV facilities, I'm headed into the weekend energized by what's to come. That may come at a surprise after the week we've had as an industry. The decision from the U.S. Fifth Circuit on the SEC's Private Fund Advisers rules was handed down just moments before we kicked off ILPA’s AGM on Wednesday. All along, ILPA has viewed the PFA as addressing areas that pose risks to both LPs and the industry around transparency, governance and alignment of interest. It was disappointing—albeit not a shock—to see the PFA vacated. But ILPA is choosing to turn our energy to the compelling opportunity before us as an industry. Together, we can chart the path for how we'll work better together, on our own terms. Particularly around transparency. Just days prior to the ruling, we had debuted the next evolution of ILPA reporting templates on fees and expenses and performance for industry feedback. The templates were developed by a broad industry coalition over a three-month period, partly to comply with the PFA quarterly statements rule implementation deadline, but largely because this work needed to be done. We've temporarily paused the comment period. Now we have the benefit of more time to ensure that these minimum reporting standards have cross-industry buy-in to ensure wide support and adoption. Will you join us in this effort, in paving the way forward as an industry? https://lnkd.in/e-6hspU4

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PODCAST: This week we're joined by Cerys Wyn Davies as she unravels the defense strategies of AI companies against copyright claims. And, Luke Scanlon guides finance firms on navigating the expanding maze of AI-specific regulations. #AI #Finance #Regulation”

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The total fines imposed by the SEC and CFTC for violations associated with firms’ failure to monitor and capture communications by employees on unapproved devices and systems (off-channel communications) are approaching $3 billion. The SEC recently resolved enforcement proceedings involving off-channel communications against 12 broker-dealers and four affiliated investment advisers. The resolutions require the 16 respondents to pay more than $81 million aggregate in civil penalties and retain compliance consultants to review their electronic communications practices. As in prior resolutions of off-channel communications matters, the respondents all admitted the facts alleged by the SEC and acknowledged that they violated the federal securities laws. This article analyzes the latest round of settlements. #HFLR #offchannelcommunications #recordkeeping https://lnkd.in/efmf8JjY

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Writing in the Privacy & Cybersecurity Law Report, Matthew Kent, Adam Biegel, Spence Pryor, and Troy Stram explain that federal agencies’ heightened focus on companies’ preservation obligations for collaboration tools and ephemeral messaging applications is here to stay – and that companies should make sure their messages are, too. #DOJ #FTC https://bit.ly/44mpOMs

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Co-leader of Fasken’s Privacy & Cybersecurity group, Alex Cameron will be speaking at the NetDiligence® San Diego #CyberRiskSummit on May 21, 2024. Alex will be contributing to the AI Regulations: International, Federal & the States panel, where he and fellow speakers will cover where the current focus is on AI, the European Union Artificial Intelligence Act and Federal & States perspectives on AI. View the conference agenda: https://direc.to/kzk9 #NetDiligence #Cybersecurity #PrivacyLaw

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Join us in Cannes for PERSPECTIVES on Tuesday, June 18th for an update on Prebid Connect! Prebid Connect: a transparent, collaborative environment that supports all privacy standards, and keeps the control in the hands of the publisher. Hear from Michael Racic, President at Prebid.org, Garrett McGrath, Chairman at Prebid, and Matthew Griffiths, Co-Founder & CTO at Audigent, as they share an update on Prebid Connect. #PERSPECTIVES #PRIVACYSTANDARDS #PRIVACY

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Catch Maria Kokiasmenos (VP, Associate General Counsel, The Hartford) in ‘Towards responsible AI’ on Stage 1. In this interview we’ll be covering: 🌟What will AI capabilities and deployment look like in 2030? 🌟Identifying the true risks of a booming technology 🌟What is the true intent and direction of AI regulation? 🌟What safeguards must be in place to confidently and securely deploy AI including generative AI? 🌟AI innovation vs AI risk management: where should the balance lie? #IIUSA24 #fraud #claims #insurance #innovation #iot #digital #cx #predictiveanalytics #ai #data #automation #tech #web3 #nft #blockchain #risk #motor #green #sustainability #workforce #risk #ctrypto #insurtech

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We're excited to be speaking with Casepoint's CEO Haresh Bhungalia in just a matter of days! Have you registered yet?! Tune in at Noon Central on May 30 for an engaging and educational discussion. 🎙 #LegalTech #LegalInnovation #GenAI #MakingLegalHuman

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The recent FTC ruling on non-competes has many businesses worried about protecting their intellectual property (IP). While legal strategies will evolve, the most critical step is often overlooked: data resiliency. Mason Swenson, VP of Product at CrashPlan, argues that strong #databackup is the foundation of IP Protection in a world without non-competes. 𝗛𝗲𝗿𝗲'𝘀 𝘄𝗵𝘆: ➡️ ️Most valuable IP lives on employee laptops, not locked away in servers. ➡️ ️ Departing employees can unintentionally take or lose this IP, disrupting your business. ➡️ ️Traditional backups often miss crucial files or have gaps. The solution? Reliable, automated endpoint data backup. This ensures you capture and secure every version of every file, from draft ideas to finalized strategies. 𝗞𝗲𝘆 𝗳𝗲𝗮𝘁𝘂𝗿𝗲𝘀 𝘁𝗼 𝗹𝗼𝗼𝗸 𝗳𝗼𝗿: 𝗔𝘂𝘁𝗼𝗺𝗮𝘁𝗲𝗱 & 𝗖𝗼𝗻𝘁𝗶𝗻𝘂𝗼𝘂𝘀: Backups happen automatically, without burdening employees or IT. 𝗘𝘃𝗲𝗿𝘆 𝗙𝗶𝗹𝗲 & 𝗩𝗲𝗿𝘀𝗶𝗼𝗻:: Capture all files and every iteration for complete protection. 𝗘𝗮𝘀𝘆 𝗥𝗲𝗰𝗼𝘃𝗲𝗿𝘆: Quickly find and restore specific files or entire devices when needed. 𝗦𝘁𝗿𝗼𝗻𝗴 𝗦𝗲𝗰𝘂𝗿𝗶𝘁𝘆: Ensure data is secure both in transit and at rest. The FTC ruling is about worker mobility, but your focus should be on business continuity. By investing in endpoint data backup, you guarantee access to your critical IP, no matter where your employees go. Read the full article by Mason Swenson on Alltech Magazine to learn more: https://lnkd.in/dS8dySpK #crashplan #datasecurity #cloudbackup #databackup #IPProtection

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Hey, are you up to speed on CCPA? Dive into our latest blog to master the ins and outs of the California Consumer Privacy Act. Stay compliant ➡️ https://lnkd.in/e6MFzM27

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Hear from Cristin Traylor of Relativity and other leading legal tech vendors about their "refreshes" on product development and how #AI is being implemented within leading companies we all work with in legal tech: https://ow.ly/22zR50Rngga #Evolve2024

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Join us tomorrow at 12 PM ET for the webinar on how to harness AI to enhance your IP strategy efficiently and in line with the latest USPTO guidance. Our experts, Austin Walters, Jason Harrier, Ahsan Shaikh, and Gene Quinn will navigate you through optimizing AI for your IP needs, identifying common pitfalls, and ensuring legal compliance. #IPWatchdog #GeneQuinn #AI #IP #intellectualproperty #webinar #webinars

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👀 We can’t keep it in any longer: Redactable® is a Gold and #Networking Sponsor of Legal Innovators California! Redactable's web-based application helps companies permanently redact their confidential documents. The proprietary software leverages NLP/ML technology to auto-detect sensitive information in documents and redact them permanently. Think of them as a ‘DocuSign’ for redaction! Their #AI redaction workflow auto-detects confidential information in your document and redacts it quickly - giving you 98% time savings compared to other platforms like Adobe. 🤩 👋 As our esteemed Networking Sponsor, Redactable's expert team will infuse every break and networking session at #LIC with their expertise and innovation. Don’t miss this opportunity to connect with the team, explore their solutions, and stay ahead of the curve in #legaltechnology at Legal Innovators California: https://lnkd.in/eMqvvptS Richard Tromans | Artificial Lawyer | #legalinnovatorscalifornia #LegalInnovation #LegalTech #LawTechConference #LegalDisruption #LegalTechSolutions #sanfransicoevents #legalevents #legalinnovators #LegalInsights #TechInLaw

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Tech trade controls in the United States have cloud providers, data brokers, and computer chip manufacturers in a state of flux. Partner Melissa L. Duffy and associate Trevor Coval contributed to a discussion on the shifting regulatory landscape during last week’s 14th Annual Global Encryption, Cloud & Cyber Export Controls Conference 2024. Explore the conversation: https://lnkd.in/eA6Nr8_M #Semiconductors #China #Regulations  

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Check out the latest article on AI from SimplyConvert Founder Jessica Paluch Hoerman, featured in the June issue of the American Association for Justice (AAJ) Trial Magazine. Discover how AI tools can enhance your legal practice and gain key insights into using the technology responsibly and ethically: https://hubs.li/Q02Cd_--0

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What are best practices for legal intake? 📬 Hear Joshua Hostilo weigh in on the importance of responsiveness. Learn more about Filevine's AI-enhanced intake and lead management solution, Lead Docket: https://lnkd.in/gP6btzpt. #leaddocket #legalintake #legalmarketing #lawfirmsuccess #legaltech #filevine

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In the latest episode of AI Counsel Code, host Margaret Welsh is joined by Baker Botts Austin Partner Christopher Palermo to discuss strategies when patenting AI technologies and inventions. 🔊 Listen here: https://okt.to/guZkyU #ArtificialIntelligence #Podcast #AICounselCode #AI

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BforeAI is a novel approach to stopping threats outside your borders. It’s worth checking out if you ever find the need for brand protection, takedowns, or just want some the best advance notice threat intel to empower your security operations.

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Check out Matthew McIlwaine's latest article: "Freestar Explains: CMA Q1 2024 Report Google Privacy Sandbox." The UK’s Competition and Markets Authority (CMA) has published its Q1 2024 report, critically evaluating Google's Privacy Sandbox and its impact on the advertising industry. With 79 concerns outlined, this report is a must-read for anyone interested in data privacy and competitive practices. Stay informed about the evolving landscape of digital advertising and data privacy. Read the full article now! 👉  https://lnkd.in/gXuRezr4 #DataPrivacy #GooglePrivacySandbox #CMAReport #DigitalAdvertising #FreestarInsights

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