ACA Spotlight Blog

April 23, 2018
Cyber-attacks continue to increase as new threats emerge. In the first half of 2018, several major breaches and incidents occurred at companies including Facebook, MyFitnessPal (Under Armour), and Panera Bread, to name a few. Let’s take a look at what happened and the lessons we can take away from these incidents.Panera BreadWhat Happened - On April 2, 2018, security researchers announced that information on 37 million customers had been exposed through a vulnerability in Panera Bread’s website...
April 11, 2018
ACA’s Spring 2018 Compliance and Performance Conference will include for the fourth time a performance-focused track specifically on issues related to performance measurement and the GIPS® Standards. Throughout the year, you have several performance conferences to choose from, so what makes ACA better than the others? Well, let us tell you…Ask the experts: Our panelists are handpicked from performance experts, leading attorneys, and experienced GIPS practitioners to provide participants with...
April 6, 2018
More firms continue to be implicated as fallout from the F-Squared Investments, Inc. enforcement action continues. The latest development occurred March 22, when a federal judge ordered that F-Squared founder and former CEO Howard Present personally pay $13 million, including a $1.58 million civil money penalty, following his loss at trial this past October. This is a direct result of the Securities and Exchange Commission’s (SEC) increased focus on how advisers present third-party investment...
April 6, 2018
ACA Technology's Product Spotlight series highlights how ACA's technology solutions can help firms streamline operations, scale for growth, and meet business objectives effectively and efficiently.Today's product spotlight focuses on ACA's NorthPoint Investment Management System and NorthPoint Data Management Solutions.Client Type: An Investment Manager with $19B AUMThe ChallengeA growing investment management firm with approximately $19 billion in assets under management was ...
April 2, 2018
During the first quarter of 2018, U.S. regulatory agencies and a federal district court issued statements and took actions that are likely to significantly affect the U.S. regulatory landscape for digital assets, including cryptocurrencies, initial coin offerings, and digital asset trading platforms. This blog post is a summary of our article detailing the recent key regulatory developments that apply to organizations operating in the U.S. digital asset space. Click here for the full article....
March 28, 2018
ACA’s Spring 2018 Compliance and Performance Conference, happening from May 9 to 11 at The Ritz-Carlton Amelia Island in Amelia Island, Florida, will feature educational sessions that are designed to keep you up-to-date on industry news, trends, and hot topics.Today’s conference spotlight highlights a session that will address a topic that many investment advisers have wondered about: what actually happens during an SEC exam? Make sure to grab a seat early — this session is sure...
March 28, 2018
Firms of all sizes frequently ask about the relevance and importance of forming a GIPS® Committee within their organization. Startup firms debate whether a GIPS Committee provides any added value when limited personnel causes constraints on resources. Conversely, well established, global entities often see the added value in having a committee but must weigh the operational burdens involved.ACA Performance Services has surveyed a sample of our client base, including firms of various sizes...
March 27, 2018
ACA’s Spring 2018 Compliance and Performance Conference, happening from May 9 to 11 at The Ritz-Carlton Amelia Island in Amelia Island, Florida, will feature educational sessions that are designed to keep you up-to-date on industry news, trends, and hot topics. Today’s conference spotlight highlights a session that will cover one of the financial industry’s most buzzed-about topics: Cryptocurrency and Compliance. Make sure to grab a seat early — this session is sure to fill up! And if...
March 26, 2018
ACA’s Spring 2018 Compliance and Performance Conference, happening from May 9 to 11 at The Ritz-Carlton Amelia Island in Amelia Island, Florida, will feature educational sessions that are designed to keep you up-to-date on industry news, trends, and hot topics. Today’s conference spotlight highlights two sessions led by our performance professionals from ACA Performance Services. Make sure to grab a seat early — these sessions are sure to fill up! And if you haven’t signed...
March 23, 2018
ACA’s Spring 2018 Compliance and Performance Conference, happening from May 9 to 11 at The Ritz-Carlton Amelia Island in Amelia Island, Florida, will feature educational sessions that are designed to keep you up-to-date on industry news, trends, and hot topics. Today’s conference spotlight highlights the session Using Compliance Technology and Consolidating Data Sets to Create New and Essential Insights. Make sure to grab a seat early — this session is sure to fill up! And if you...
March 23, 2018
Firms that claim compliance with the GIPS® standards are required to notify CFA Institute of their claim of compliance. Each firm must submit the GIPS Compliance Form annually by June 30. Any data included in this form must be as of the prior December 31. Firms completing the form currently must include data as of December 31, 2017. Note that the form can be submitted anytime between now and June 30 and is not dependent upon completion of a firm’s 2017 verification.Firms...
March 22, 2018
ACA’s Spring 2018 Compliance and Performance Conference, happening from May 9 to 11 at The Ritz-Carlton Amelia Island in Amelia Island, Florida, will feature educational sessions that are designed to keep you up-to-date on industry news and hot topics. Today’s conference spotlight highlights three sessions that will be led by the cyber and technology risk professionals from ACA Aponix. Make sure to grab a seat early — these sessions are sure to fill up! If you haven’t signed up for the...
March 22, 2018
Compliance professionals have had a busy year so far, but the tasks and testing will continue to increase.From preparing and filing the new Form ADV to assessing new regulations such as GDPR, compliance teams are feeling the strain of managing their day-to-day tasks as well as the stress of conducting periodic testing.As the current quarter draws to a close, compliance managers should review their risk matrix and compliance calendar to ensure the following tasks are accounted for:File Form ADV...
March 21, 2018
Since the U.S. Securities and Exchange Commission’s (“SEC”) 2014 implementation of its National Exam Analytics Tool (“NEAT”), the SEC has increased the type and amount of data it requires from registered investment advisers as part of the SEC’s exam program. Specifically, ACA has observed a substantial increase in the type of trading and position data that the SEC uses to analyze advisers’ investing activities.The SEC’s request list has expanded beyond trading activity to include forensic...