Disaster Recovery and Incident Response

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Six Ways to Help Protect Your Firm from a Cybersecurity Breach

Six Ways to Help Protect Your Firm from a Cybersecurity Breach WHAT HAPPENED? As the COVID-19 pandemic has changed how most industries are conducting business, one of the biggest challenges is the transition to working from home. Many people are using their personal devices for work, often on an [...]

UPDATE: SEC Provides Guidance on Advisory Firms Accepting PPP Loans

UPDATE: SEC Provides Guidance on Advisory Firms Accepting PPP Loans WHAT'S GOING ON? Many investment advisers have applied for or accepted a Paycheck Protection Program (“PPP”) loan for their firm. Recently, the SEC provided guidance and updates to frequently asked questions (“FAQs”). The updates include potential disclosure obligations relating [...]

SEC Makes Updates to Regulatory Relief Guidance

SEC Makes Updates to Regulatory Relief Guidance WHAT HAPPENED? Earlier this week, the SEC made updates to a set of frequently asked questions (“FAQs”) intended to provide guidance on COVID-19 regulatory relief. The updates include new information about custody rule requirements, reporting and potential disclosure obligations relating to the [...]

10 Things to Document When Implementing Your Business Continuity Plan

10 Things to Document When Implementing Your Business Continuity Plan In the COVID-19 pandemic, widespread shutdowns and stay-at-home orders are in place. Under these circumstances, maintaining thorough documentation of your firm’s Business Continuity Plan implementation is critical. Regulators have already started querying firms on their pandemic response and reviewing BCP [...]

Important Upcoming Deadlines for SEC Registered Investment Advisers

Important Upcoming Deadlines for SEC Registered Investment Advisers WHAT IS HAPPENING? There are several key deadlines for SEC registered investment advisers in the coming weeks, including form distribution and filings and annual reviews for many. If your firm or fund’s fiscal year ended on 12/31/2019, some dates to keep [...]

SEC Issues Additional Relief and Guidance as COVID-19 Creates Obstacles

SEC Issues Additional Relief and Guidance as COVID-19 Creates Obstacles WHAT HAPPENED? In response to the unusual state of global securities infrastructures stemming from COVID-19, the SEC is continuing to provide regulatory relief to struggling entities. This week, the SEC expanded on a recently released relief package to extend [...]

SEC Exams Now Focusing on Firms’ Pandemic Plans

SEC Exams to Focus on Firms’ Pandemic Plans WHAT HAPPENED? Despite the sweeping effects of COVID-19, the SEC is continuing enforcement efforts and is still initiating examinations. In response to the pandemic, there is a heightened focus on firms’ business continuity planning and practices. KEY [...]

COVID-19 UPDATE: A Breakdown of the SEC’s Regulatory Relief Provisions for Filings and Documentation

A Breakdown of the SEC’s Regulatory Relief Provisions for Filings and Documentation ***UPDATE*** On March 23 and 25, 2020, the SEC released further extended dates for the items listed below.  WHAT HAPPENED? While the international COVID-19 outbreak continues to affect the lives of the [...]

COVID-19 UPDATE: How the SEC Continues Its Response Efforts

COVID-19 UPDATE: How the SEC Continues Its Response Efforts WHAT HAPPENED? As efforts to contain the COVID-19 virus expand worldwide, the SEC is remaining focused on maintaining a fair and orderly market and continuing its own operations. The Commission has transitioned most of its staff to work remotely and [...]