Michael Cocanower’s Post

The countdown begins as investment advisors brace for a whirlwind of regulatory changes! From the landmark marketing rule to upcoming SEC regulations on outsourcing, custody, cybersecurity, and more, the industry is in for a transformation. https://hubs.la/Q01_F9SJ0

What next for the SEC, as some see its regulatory agenda as progress and other as restricting profits and growth? The SEC has proposed and adopted more regulation in the 850 days under Chair Gensler, since the 2009 financial crisis. Will the SEC be facing the Supreme court before to long, to answer questions on its scope of regulatory oversight? Ted Dziekanowski Rachel V. Rose, JD, MBA Bob Dix #cybersecurity #cyberriskmanagement #cyberregulation #securitiesandexchangecommission

Does following the crowd give you a sense of security? While it might mean you're less likely to fall victim to a mishap or other negative event in some circumstances, the opposite may be said when you're investing. Read our blog, linked below, to find out why failing to follow the crowd could be a good thing.

Avalon Trust (a Clearstead Company) is writing breach notification letters to a subset of individuals after an unauthorized actor gained access to two (2) of their employees’ email accounts. 27 victims in total. Breach Occurred: 02/01/2023 to 04/24/2023, Breach Discovered: 03/13/2024, Consumer Notification: 04/19/2024. We grade their response a D-. #cnl #cybernewslive #cyber #investing #planning #advising

I'm guessing this will also be brought up during the FAIR Institute conference this week. This message from the SEC seems clear enough to me: " Operational disruption risks remain elevated due to the proliferation of cybersecurity attacks, firms’ dispersed operations, intense weather-related events, and geopolitical concerns. Given these risks and concerns, cybersecurity remains a perennial focus area for all registrants. The Division will focus on registrants’ policies and procedures, internal controls, oversight of third-party vendors (where applicable), governance practices, and responses to cyber-related incidents, including those related to ransomware attacks. " Watch our for those cyber-icebergs, they can ruin your day AND make sure you have documented "good faith policies and procedures" to detect cyber-risk: https://lnkd.in/e7aisX4b

Does following the crowd give you a sense of security? While it might mean you're less likely to fall victim to a mishap or other negative event in some circumstances, the opposite may be said when you're investing. Read our blog, linked below, to find out why failing to follow the crowd could be a good thing.

Investing in a diversified portfolio is the key to building wealth. It can help reduce risk while maximizing returns! Learn more about how we can help: https://lnkd.in/eHm8XHZ9 #WhatDoesItMeanWednesday

The SEC's agenda in 2024 As part of Castle Hall's Due Diligence University platform, I'll be interviewing John Lukan (New York, Miami), managing director of SEC Compliance Consultants on Tuesday, November 28 at 10am Eastern. We will cover a range of compliance topics as we look to 2024: - The Private Funds rule: what are the preparation steps for managers (and investors) as we move into 2024? And what will happen with the manager pressure groups and their New Orleans lawsuit? - The new Cyber Security rule - timeline for finalisation, and potential implications for both investors and managers - The inspection agenda for 2024 - Lessons learned from recent enforcement actions - Other compliance issues I very much look forward to the conversation - registration is as below. And, next month, we will have a final 2023 session with Matthias Knab and Opalesque - this time on the proposed SEC Service Provider due diligence rule. More details to come! U.S. Securities and Exchange Commission #compliance #odd #duediligence https://lnkd.in/eAph9qAQ

Does following the crowd give you a sense of security? While it might mean you're less likely to fall victim to a mishap or other negative event in some circumstances, the opposite may be said when you're investing. Read our blog, linked below, to find out why failing to follow the crowd could be a good thing.

Wondering what the rest of 2024 holds for private funds and asset managers? Wonder no longer. We will be publishing on each of the top 10 topics identified over the next few weeks, covering issues from AI and ESG to SEC priorities, secondaries, indemnification/insurance and cybersecurity. #litigation #regulation #disputeresolution #privatefunds #assetmanagement #AI #ESG #cybersecurity #indemnification #secondaries #SEC #defencetech #venturecapital #portfoliocompanyrisk #Proskauer https://lnkd.in/eQN4Ae9u