Financial Services & Products Advisory: Georgia, Florida, Connecticut Enact Commercial Financial Disclosure Laws

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…

The Higher for Longer Part II Declared Jerome “The Hammer” Powell Issue

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….

Proposed new SEC cybersecurity requirements for financial service firms

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…

Should an introducing broker dealer become a clearing broker dealer? What you need to consider

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…

Private companies investing in ESG reporting

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,…

Webinar: Trends in asset management -GP services, secondaries, stakes, liquidity & leverage

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

Is Jerome Powell Destroying the Economy?

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…

ESG Compliance Insights for Registered Investment Companies

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….

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