News & Analysis


June 29, 2017 | Compliance Alert

Below are the regulatory filing submission deadlines occurring from July through September 2017.

RR Module


June 27, 2017 | Compliance Alert


In the first quarter of 2017, FINRA took approximately 100 disciplinary actions against registered broker-dealers and levied more than $24 million in fines for violations of securities laws. The total dollar amount in fines increased as the total number of fines decreased since the same period last year. FINRA expelled five members during the first quarter, which marks the highest number of expulsions in any first quarter since 2014.

June 27, 2017 | Cyber Alert
Threat Summary

Multiple sources are reporting that a ransomware attack is quickly spreading throughout Ukraine, Spain, and the United Kingdom targeting government and commercial entities. Recent reports indicate that prominent U.S. law firms have also been affected.

June 19, 2017 | Cyber Alert
Threat Summary
June 9, 2017 | Compliance Alert

The Financial Conduct Authority (FCA) has increased the reporting requirements to include Master funds even if they are not being actively marketed. This requirement applies to Non-EU Alternative Investment Fund Managers (AIFMs) that market feeder alternative investment funds (AIFs) into the UK under Article 42 of the EU Alternative Investment Fund Managers Directive (AIFMD), a.k.a.

June 9, 2017 | Compliance Alert

ACA team members recently participated in the Private Equity International (PEI) Private Fund Compliance Forum and the PERE CFOs & COOs Forum. Both events discussed technology adoption, operational improvements, and cybersecurity concerns. When polled, attendees noted:

June 6, 2017 | Compliance Alert

ACA has been working to build relationships with certain insurance carriers and brokers that offer coverage to our clients. Part of our efforts include negotiating discounts or premium reimbursements for firms that obtain one or more of our eligible products. Please check with your insurance broker for more information about insurance carriers that may offer discounts or other incentives, as well as the specific terms of those offers.

June 1, 2017 | Cyber Alert
Threat Summary

OneLogin, a password management platform, suffered a security breach that comprised customer data in the U.S. data region. Intruders were able to decrypt the encrypted data, exposing over 12 million users and 700 business customers. OneLogin reports that they've blocked the unauthorized access, reported the breach to law enforcement, and are investigating the cause of the breach.

May 30, 2017 | Newsletter

The May 2017 edition of Performance Insight covers the acquisition of Ashland Partners' GIPS® verification and investment performance practice, reporting performance using time-weighted returns and IRRS, the GIPS 20/20 Consultation Paper, and other industry hot

May 25, 2017 | White Paper

ACA is pleased to present, Six Months into the Liquidity Risk Management Program Rule, a white paper examining the points of consideration for fund complexes and their advisers that have surfaced in the six months since the rule took effect.

May 22, 2017 | Compliance Alert

On April 25, 2017, the Financial Industry Regulatory Authority (“FINRA”) issued Regulatory Notice 17-18. The Regulatory Notice reminds broker-dealers of their recordkeeping obligations pertaining to business communications made through social media. Any business communications sent or received via social media must adhere to the same recordkeeping requirements as all other communications with the public.

May 17, 2017 | Cyber Alert

This alert contains information about the Windows 10 credential theft and an SEC risk alert on the WannaCry ransomware.

May 16, 2017 | Cyber Alert

This alert contains information about WannaCry ransomware updates, breach at DocuSign, and President Trump's executive order on cybersecurity.

May 12, 2017 | Cyber Alert
Threat Summary

The National Health Service (NHS) announced that they experienced a ransomware attack on Friday, 12th May, that affected 16 NHS organisations and some GP practices. Similar ransomware attacks were reported on Friday by companies in Spain, Portugal, Italy, and Ukraine including Telefónica (Spain's largest telecom operator). NHS Digital is working closely with the National Cyber Security Centre to investigate the attack and believes the malware variant being used is Wannacry Decryptor. NHS is working to resolve the problem as swiftly as possible.

May 11, 2017 | Newsletter

ACA Broker-Dealer Services ("ACA") invites you to download the latest edition of our newsletter via the link below. This issue highlights Clock Synchronization and Certification requirements and guidance on liquidity risk management practices.