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Apr 16, 2020

COVID-19 loan modifications: Important accounting and reporting insights

As banks work to determine appropriate and effective loan modification options for borrowers, key questions arise around how to account for and report on these modifications. There is new guidance from Congress in the form of the CARES Act, new guidance from the regulators and new guidance from the FASB and the SEC. Much of the guidance is aimed at making operations simpler.

Aug 30, 2019

Discover CECL lessons learned at AICPA conference

The long road to CECL adoption is nearing an end for many SEC filers. A majority of 2020 filers have already implemented CECL and many lessons have been learned.  SS&C Primatics will take you through the knowledge that’s been gained from CECL implementations and preview the road ahead at this September’s AICPA National Conference on Banks & Savings Institutions.

Jul 16, 2019

Is blue sky compliance like the SEC or the IRS?

All fund compliance has risen to elevated levels within fund boards, and a recent hot topic has become state compliance, also known as blue sky laws.  This is due to obvious reasons– fees and penalties. 

Oct 8, 2018

SEC Advertising Rule overhaul is overdue

Does your firm or any of its associates have a LinkedIn or Facebook page? Have you ever received a “like” or an endorsement from anyone in your network? If so, you could be running afoul of the SEC Advertising Rule.

Sep 4, 2018

Crypto regulation, custody and security designation: what investment managers need to know

While much discussed by the media and market players, cryptocurrency regulation and requirements are shrouded in mystery in the US and across the world as state actors discuss new policies.

Jun 26, 2018

SEC fines 13 private fund advisors for repeated Form PF oversight

The Securities and Exchange Commission (SEC) recently announced settlements with 13 registered investment advisers (RIAs) who had repeatedly failed to complete Form PF (Private Fund) over multiple years.

Mar 26, 2018

Surviving an SEC exam: Know 2018 priorities

If your firm is an SEC-registered investment advisor, your chances of facing an exam just went up. The SEC conducted 12% more exams on advisors in 2017 than in the previous year, and the average time between exams for a typical firm narrowed from nine years to seven. 

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