Latest Content

Cayman Islands Update AML Regulations for Private Equity

The Cayman Islands has further bolstered its anti-money laundering (“AML”) and countering of terrorist financing (“CTF”) rules. The new AML/CTF rules become effective on May 31, 2018 and will affect, among others, unregulated investment entities—such as private equity firms—domiciled in the Cayman Islands. The deadline to appoint AML officers, however, is September 30, 2018 for … Continued

SEC Creates Bogus ICO Site to Teach About Cryptocurrency Fraud

On May 16, 2018, the SEC’s Office of Investor Education and Advocacy launched an educational website meant to demonstrate a fraudulent initial coin offering (ICO). The website, HoweyCoins.com mimics a bogus coin offering touting a too-good-to-be-true investment opportunity. The website features several of the features common to fraudulent offerings, including promises of guaranteed returns, complex … Continued

Get ready for Form ADV, Part 3: Form CRS

Are you ready for Form ADV Part 3? As if the last annual updating amendment filing was not tedious enough with all the additional information related to separately managed accounts, the process will further evolve with the SEC’s proposal for a Form ADV Part 3, also referred to as Form CRS. But don’t worry, it … Continued

Performance Advertising and Fees disclosures: Best practices for SEC and GIPS compliance

The advertisement of investment performance is a critical risk area for private investment fund managers in terms of regulatory compliance and for capital raising. Several recent SEC enforcement cases have highlighted the importance of adequately disclosing fee practices and other conflicts of interest to fund investors in advertisements and investor reports, and of adequately reporting … Continued

For Cryptocurrency and Blockchain, a Reckoning is Coming

 NOTE: Ascendant Director of Cyber IT Services E.J. Yerzak recently spoke at the AIM Summit in Abu Dhabi, a conference that targets alternative investment managers. The following is a brief summary of his key comments during his two sessions, “Primer on Crypto Currency, Distributed Ledger Technology and ICO’s,” and “Legal & Regulatory Insights/AML – Blockchain” … Continued

Mailing List

Subscribe to the Ascendant Compliance email list for the latest compliance resources, conferences, ComplianceCasts™, and more.

Loading form...

Contact Us

Ascendant works together with clients to identify and assess critical needs through customized plans. If you need assistance with compliance functions, regulatory services, cybersecurity or technology tools, we’d love to speak with you.