Amber Allen serves as the General Counsel and Executive Vice President of Fairview. She also serves as General Counsel and President of Fairview Cyber, LLC, which develops cyber and data security programs and advises clients on regulatory requirements and industry best practices. Amber joined Fairview in 2014, serving as an integral member of the Compliance Group and the first member of Fairview’s legal department. Amber led efforts to design and launch the Cyber Solutions practice in 2019, and she continues to oversee its operations today.
Amber serves on the National Society of Compliance Professionals (NSCP) Board and is the co-chair of NSCP Currents Publication Committee, and member of the NSCP Currents Editorial Board.
On April 23, 2024, the White House announced that the Department of Labor (“DOL”) has finalized its Retirement Security Rule, also known as the “Fiduciary Rule.” The new rule extends the current definition of “investment advice fiduciary” under ERISA to include advisers when they “give investment advice for a fee to retirement plan participants, individual retirement account owners and others.” The rule and related exemptions will be effective on September 23, 2024, with a phase-in period for many of the exemptions and reporting requirements of one year until September of 2025.
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On April 17th, 2024, the Division of Examinations (“EXAMS”) published a risk alert to inform investment advisers, investors, and other market participants about the examiner’s observations on the Marketing Rule. This risk alert highlights the Division’s focus on advisers’ compliance with the marketing rule and their completion of the marketing rule items contained in Form ADV as well as Advisers Act Rule 206(4)-7 (the “Compliance Rule”), Advisers Act Rule 204-2 (the “Books and Records Rule), and the Marketing Rule’s “General Prohibitions”.
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FINRA announced that the 2024 FINRA Entitlement Certification period begins today and must be completed on or before June 17, 2024.
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