Vigilant Compliance Newsletter

Published on Dec 27th, 2023 |

Vigilant Compliance Newsletter | December 2023

Monthly Newsletter

In December, we saw Vigilant Insights, Announcements, News and Alerts throughout the Industry.

Below is a brief overview recapping what took place in the month of December.

Vigilant Announcements:
Vigilant Awarded as Best Regulatory & Compliance Adviser

Vigilant was awarded as the 2023 Best Regulatory & Compliance Adviser by Institutional Asset Manager.
To view the additional 2023 award wins and learn more about this award overall, click here.

Vigilant was shortlisted as the Best Compliance Advisory Firm for the Fund Intelligence Operations & Services Awards 2024.
To learn more about the award, click here.

Vigilant Insights:

Vigilant’s President & CEO, Salvatore Faia, JD, CPA, CFE, provided his insights regarding the one year anniversary of the Rule 2a-5 Valuation Rule on a Video Interview with BoardIQ.
To view Salvatore’s insights on the Video Interview, click here.

SEC Exam Sweeps for AI Use | Chuck Martin Reacts on WSJ

Our Chief Operating Officer, Chuck Martin, MBA, reacted to the recent development of the SEC Exam Sweeps for AI Use on The Wall Street Journal.
To view Chuck’s reaction, click here.

In addition to the recent Wall Street Journal article, Vigilant’s Chief Operating Officer, Chuck Martin, MBA also provided comments and insights on FundFire relating to the AI SEC Sweep.
To view Chuck’s insights, click here.

Registered Investment Advisers (“RIAs”) could be expected to discuss their policies and procedures related to the use of AI at their Firm. It is important that RIAs take the time to ensure that the technology that enables their policies and procedures meets the overarching fiduciary expectations established by the Investment Advisers Act of 1940.
Our Director, Fred Teufel, CPA, MBA, CGMA, and Vice President of Sales and Business Development, CJ Schaible, MBA, were quoted in a recent Ignites article about the topic.
To view Fred and CJ’s insights, click here.

News and Alerts:

Increased Compliance Investments Indicated by Survey

Ignites conducted a survey that provides some insight into the actions taken by firms amid our aggressive regulatory climate.
To view the survey results and our conclusion, click here.

2023 saw an adoption of new rules and amendments that affect Private Funds and those that advise them.
As the regulatory requirements for Private Funds increase, firms are increasing the time and effort focused on compliance.
To learn more about the increased need for compliance, click here.

The Vigilant Team is always happy to schedule a time to chat, feel free to contact us with any questions!