Education

By Stephen Orstein and Joshua Dhyani, Alston & Bird Georgia, Florida, and Connecticut are among a growing list of states, including California, New York, Utah, and Virginia, that have enacted laws requiring consumer-style disclosures for commercial financing transactions. These laws are part of a burgeoning trend by state legislatures to impose burdensome disclosures, like those required…

By Gary Brode, Deep Knowledge Investing Fed Chairman, Jerome Powell, continues to hammer home his “higher for longer” mantra regarding rates. The pivot will come eventually, but no time soon. The economy is showing surprising strength, and while there is still some ambiguity to the data, the nightmare economic scenario is definitely not present yet….

By Eric Gronroos, Baker Tilly On March 15, 2023, the SEC Division of Investment Management and Division of Trading and Markets (the Commission) held an open meeting related to proposed rule changes focused on cybersecurity controls and written procedures to be implemented by covered financial service firms. Item I – Cybersecurity rules under Regulation S-P…

By Shane Phelan, Baker Tilly There are several factors that need to be considered should an Introducing Broker Dealer (IBD) want to become a Clearing Broker Dealer (CBD). An IBD, otherwise known as an introducing firm, will accept a client’s order for a buy or sell. However, it will have an arrangement with a clearing…

5 reasons private companies should prepare to act. Discussions around environmental, social, and governance (ESG) reporting tend to focus on public companies, but private companies are starting to witness the relevance ESG has in business strategies and company practices. Sustainability concerns may be top of mind for a range of private company stakeholders, including investors,…

A Grant Thornton webcast discussion on liquidity considerations and solutions for asset managers. Panelists delve into the challenges that asset management and private equity firms are facing today and discuss best practices for navigating the rapidly changing landscape.  Topics Covered Include: ACCESS THE WEBINAR HERE

By Gary Brode, Deep Knowledge Investing Here’s a little Twitter fun from last week. Original piece is here: Is Jerome Powell destroying the economy? For 2 years, DKI has been critical of the Fed for being too slow to raise rates. We also agree with FinTwit stars like @RudyHavenstein, @saifedean, @stackhodler, & @macrojack21 that we should #EndTheFed. But it’s not all Jerome’s…

By Michael C. Patanella & Margaret Belden, Grant Thornton Career paths can help firms satisfy their people The performance of the stock market over the past 18 months has made this a difficult time to be an asset management employee. These individuals count heavily on strong returns to deliver a big bonus that can make up…

By Gary Brode, Deep Knowledge Investing For those of you who don’t follow the daily hyperventilating financial press, the big news during the last few weeks has been the potential debt default by the US government that will roil financial markets, make international trade uncertain, and cause a worldwide recession or worse. DKI has been…

By Michael Patanella; Marjorie Whittaker; Mark Zavodnyik and Charmone Adams, Grant Thornton A strong emphasis from the SEC raises the stakes Keeping up with compliance requirements is always a critical imperative in the highly regulated registered investment company (RIC) sector. An often overlooked and increasingly important compliance function is environmental, social and governance (ESG) compliance….