Salus GRC

The Salus GRC October 2024 Newsletter is here! This month, we’re diving into some of the most pressing topics in governance, risk, and compliance, including: 🔹 Conducting effective private fund fees and expense reviews 🔹 The dangers of AI creep in technology 🔹 SEC 13G amendments now in effect 🔹 A primer on co-investments and much more! Stay ahead of the curve with expert insights, upcoming regulatory deadlines, and thought leadership from the Salus GRC team. Don’t miss out! Download your copy now and sign up to receive future editions directly to your inbox. Read October's Newsletter: https://lnkd.in/ebgHqcUf Sign Up for Updates: https://lnkd.in/g3QgtXwX #GRC #Cybersecurity #RegulatoryCompliance #SalusGRC #OctoberNewsletter #CybersecurityAwarenessMonth

The Salus GRC October 2024 Newsletter is here! This month, we’re diving into some of the most pressing topics in governance, risk, and compliance, including: 🔹 Conducting effective private fund fees and expense reviews 🔹 The dangers of AI creep in technology 🔹 SEC 13G amendments now in effect 🔹 A primer on co-investments and much more! Stay ahead of the curve with expert insights, upcoming regulatory deadlines, and thought leadership from the Salus GRC team. Don’t miss out! Download your copy now and sign up to receive future editions directly to your inbox. Read October's Newsletter: https://lnkd.in/ebgHqcUf Sign Up for Updates: https://lnkd.in/g3QgtXwX #GRC #Cybersecurity #RegulatoryCompliance #SalusGRC #OctoberNewsletter #CybersecurityAwarenessMonth

We’re excited to announce that Christopher Lombardy, President at Salus GRC, will be speaking at the The Emerging Manager Exchange on October 24th! Join Chris at the Grant Thornton offices in New York for his session, “Being a Successful Emerging Manager in 2025,” where he’ll share valuable insights on navigating the challenges and opportunities for emerging managers in the coming year. Whether you’re a fund manager looking to scale or seeking to stay ahead of industry trends, this session will provide actionable strategies to help you succeed. #EmergingManagers #InvestmentStrategies #EMEX2024 #SalusGRC #FinancialServices

Did you receive an email from FINRA’s Chief Information Officer this week requesting additional information about your firm? You’re not alone. In what appears to be a very convincing phishing attempt, numerous registered investment advisers across the country are reporting that they received a suspicious email from Steve Randich, Chief Information Officer at FINRA, together with an attachment.   The email directs the recipient to take actions specified in the attachment within 48 hours or face a penalty, and adds that the sender will be busy and cannot be reached by phone or by contacting FINRA’s gateway.   The SEC and FINRA have repeatedly warned of a rise in phishing attempts masquerading as legitimate regulatory requests. The specific email message making the rounds this week was actually called out by FINRA back in April 2024 in this risk alert. Because the hackers have garnered some success, the attempt continues to be used. The phishing attempt contains a number of red flags that should serve as a warning sign to recipients. Continuous training is the key to detecting such risks.   Salus GRC reminds our clients and partners to stay vigilant about these threats. With the increased use of AI, QR codes, and the volume of information shared by firms online, phishing attacks are becoming harder to detect. If you’re interested in speaking with our cybersecurity experts about how you can better protect your firm, please contact us at cybersecurity@salusgrc.com.   Thank you, and stay safe. Read more here: https://lnkd.in/e8PWfMC4

We’re attending the CoinAlts Fund Symposium in San Francisco! Connect with Gena Dirani, Managing Director at Salus GRC, on October 16, 2024, to explore the future of finance and the latest trends in cryptocurrency, blockchain, and digital assets. Let’s connect at the event to discuss how Salus GRC is helping firms navigate regulatory complexities and enhance compliance strategies in this evolving landscape. Are you attending? Drop a comment below or message us to set up a time to meet! #CoinAlts #FinanceInnovation #RegulatoryCompliance #Blockchain #Crypto #SalusGRC #FundSymposium

The SEC continues its crackdown on improper valuation and cross trading practices. Recently, an institutional adviser was hit with a $79M fine for overstating asset values and unlawful cross trades, raising red flags about compliance with valuation policies and trade procedures. In our latest Salus Insights, we break down the key takeaways from this case and offer actionable recommendations for advisers to stay compliant. Read the full article here: https://lnkd.in/evaMjj4y #Valuation #CrossTrading #SEC #Compliance #SalusGRC #Insights #InvestmentAdvisers #RiskManagement #ComplianceMatters

Upcoming webinar! Join us on October 22nd at 2 PM ET for an insightful discussion with industry professionals as they dive into the complexities of e-communication monitoring and archiving. In this session, our expert panel will cover: - The challenges of monitoring personal vs. business communications - Prevailing forms of communication and the rise of new messaging apps - SEC response to current examination trends - Archiving, recordkeeping, and working with vendors for solutions - Mobile device concerns: one device or two? Segregating corporate and personal data Whether you’re dealing with electronic communications at a registered investment adviser, broker-dealer, or investment company, this is a must-attend webinar to get the latest insights. Speakers: Matt Calabro, Managing Director, Salus GRC Kelly Ryan, Chief Compliance Officer, ZAIS Group, LLC Kelly Koscuiszka, Partner, Schulte Roth & Zabel LLP October 22nd, 2024 - 1 PM ET Register Here: https://lnkd.in/epdzPEa8 Secure your spot today and gain actionable takeaways to improve your firm’s e-comm compliance strategy. And if you can’t attend live, all registrants will receive a recording.

The SEC has recently imposed $88 million in fines on firms for failing to properly manage electronic communications. As part of the ongoing crackdown on “off-channel” communications, your firm could be at risk during the next SEC exam or audit. In our latest Salus GRC Insights article, we break down: The implications of these fines Key takeaways for compliance teams Practical steps to mitigate risk and avoid costly mistakes Read the article here: https://lnkd.in/efyRbrSH For more in-depth coverage, join us for our upcoming webinar on October 22nd at 1pm EST: "Keeping in Step with E-Comm Monitoring and Archiving Oversight." This is your chance to dive deeper into these issues with experts. Register here: https://lnkd.in/eYsbM79w #Compliance #CyberSecurity #HedgeFunds #InvestmentAdvisers #SEC #RiskManagement #SalusGRC #EComms #ElectronicCommunications #Monitoring #Oversight

Today, we celebrate the unsung heroes who work tirelessly behind the scenes to ensure that organizations stay compliant, ethical, and secure. Compliance officers are the backbone of regulatory integrity, helping companies navigate complex landscapes, avoid risks, and uphold best practices. At Salus GRC, we know firsthand the dedication and expertise it takes to keep organizations on track, and we're proud to support compliance professionals in their vital roles. Whether it’s managing evolving regulations or staying ahead of cybersecurity risks, compliance officers are always at the forefront of protecting businesses. To all the compliance professionals out there—thank you for your hard work and unwavering commitment to keeping us all compliant and secure. #NationalComplianceOfficerDay #Compliance #Regulation #ThankYou #SalusGRC

We are delighted to welcome Thomas Lippert as the newest Director at Salus GRC. Welcome on board, Tom!