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Foreside in the News

Foreside bolsters private fund practice for hedge funds, private equity firms and digital asset managers

October 13, 2021

  PORTLAND, Maine – October 13, 2021 – Foreside Financial Group, LLC (Foreside), a provider of governance, risk management, and… Read More

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How a unified public regulatory database will help investors — and advisors

October 11, 2021

  SEC Commissioner Allison Herren Lee and FINRA CEO Robert Cook’s calls for streamlining the various regulatory databases highlight current… Read More

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Foreside Financial Group and WTax Partner To Optimize Reclamation of Investors’ International Withholding Tax

October 6, 2021

  Portland, Maine (October 6, 2021) – Foreside Financial Group, LLC (“Foreside”), a provider of governance, risk management, and compliance… Read More

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FINRA Targets Firms’ Social Media Activity

September 30, 2021

  The Financial Industry Regulatory Authority’s (FINRA) exam letter released recently targets how firms use social media to bring in… Read More

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Foreside Partners with NQR to Provide Intermediary Oversight Services

September 28, 2021

  Foreside will deliver NQR’s Intermediary INSIGHT service to assist firms with their oversight of intermediary relationships Portland, ME –… Read More

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The Tech Conundrum: At What Point Does Automation Become ‘Too Much’ of a Good Thing?

September 22, 2021

Amid broader digital transformation trends, many service providers have re-imagined their value proposition to take advantage of new technologies. The… Read More

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Foreside Shortlisted for Best Compliance Services at the Alt Credit U.S. Performance and Services Awards 2021

September 16, 2021

  Portland, Maine, September 16, 2021 — Foreside Financial Group, a leading compliance and distribution solutions provider serving the registered… Read More

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The Quick, 3-Step Approach to Addressing the SEC’s New Marketing Rule

September 10, 2021

  In the next few months, many private fund advisors are not expected to adopt the new SEC Marketing Rule,… Read More

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So, Your Mutual Fund is Converting to an ETF?

September 2, 2021

From a recent edition of Financial Advisor IQ’s ETF Insider, the focus remains on the concept of mutual funds remodeling… Read More

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Some Funds Should Skip ‘Rising Tide’ of ETF Switches

September 2, 2021

Ignites recently highlighted that converting mutual funds may seem like the fast and easy way to get into the ETF… Read More

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When SEC/FINRA Come Knocking, Don’t Blame Your Technology

August 31, 2021

  Financial Advisor Magazine tells readers that registered investment advisors and broker-dealers have spent untold millions on technology to meet… Read More

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The New Marketing Rule and the Seven Prohibitions

August 17, 2021

Foreside’s Jaqueline Hummel, Managing Director, recently authored a piece featured in the July Edition of NSCP Currents.  This piece highlights… Read More

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Foreside shortlisted as Best ETF Distributor for the 2021 ETF Express US Awards

August 10, 2021

  August 10, 2021 Foreside Financial Group, a leading provider of compliance and distribution solutions, is pleased to announce they… Read More

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Form CRS Fines Could Rise in Next Wave

July 30, 2021

  Foreside’s Craig Moreshead shares Form CRS fines will keep increasing and explains what steps the SEC is taking to… Read More

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Can Robinhood be Trusted with Retirement Accounts?

July 27, 2021

  The brokerage popular among novice traders, Robinhood may soon add retirement accounts onto its platform following its impending IPO…. Read More

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Client Q&A with BackBay Communications

July 16, 2021

  Foreside’s President, David Whitaker recently shared why our firm works diligently at helping the industry understand that outsourced compliance… Read More

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Schwab’s $200 Million Charge Suggests Additional Scrutiny for Online Brokerages

July 9, 2021

  The potential action on one of the largest digital investment platforms sheds light on the increasing need for transparency… Read More

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After a Shopping Spree, Foreside Gets Scooped Up

July 9, 2021

  A private equity firm has purchased a majority stake in Foreside Financial Group, the firm announced. Continuing the momentum… Read More

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57% of Fund Shop Pros Favor In-Office Vaccine Requirements

July 9, 2021

Most fund workers think Covid-19 vaccines should be a requirement for employees who plan to work from their offices, a… Read More

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Genstar Capital to acquire a majority stake in Foreside Financial Group from Lovell Minnick Partners

July 7, 2021

SAN FRANCISCO, July 7, 2021 – Genstar Capital (“Genstar”), a leading private equity firm focused on investments in targeted segments… Read More

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Shops Caught Up in SEC Data Breach Probe 

June 30, 2021

The Securities and Exchange Commission has asked at least several asset managers to hand over information about how they were… Read More

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Foreside Snaps Up Compliance Firm 

June 28, 2021

Foreside Financial Group has acquired Hardin Compliance Consulting, the firm announced last week. According to an announcement, with the purchase… Read More

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Foreside Acquires Hardin Compliance Consulting 

June 22, 2021

  Foreside Acquires Hardin Compliance Consulting  Foreside continues its move upmarket and strengthens its outsourced compliance and regulatory capabilities for alternative… Read More

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Compliance at Scale: An Overlooked Enabler for Growth

June 21, 2021

    A culture of compliance does not merely give investment managers peace of mind; it facilitates growth with conviction…. Read More

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The Hidden Costs of Maintaining Registered Rep Licenses

June 15, 2021

    Many advisors have concluded there’s a better life on the RIA side of the regulatory spectrum. Nevertheless, most… Read More

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Foreside Acquires Golden Bear Consulting Group

June 8, 2021

  In its seventh acquisition since 2019, Foreside continues to expand its reach to hedge funds and private equity firms  PORTLAND, Maine – June 8, 2021– Foreside… Read More

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How Advisors Helped Small Business Owners Survive and Thrive Amid Covid

May 13, 2021

  Even in the best of times, advisors who work with small business owners know that they often have a… Read More

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Foreside Crowned Best Compliance Technology at The FWR Awards 2021

May 10, 2021

  May 10, 2021 – Foreside Financial Group, LLC, a leading provider of governance, risk management, and compliance consulting and… Read More

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Importance of Gender Diversity, Equity, and Inclusion in Compliance

May 3, 2021

  Foreside’s Kelli A. Haugh, Managing Director, recently authored a piece focusing on the importance of gender diversity, equity, and… Read More

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Best Practices in Compliance Training

April 21, 2021

  Compliance impacts almost every facet of an organization. For an organization’s compliance program to be effective, the firm must… Read More

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ESG Risk Alert Raises the CCO Bar

April 16, 2021

Compliance teams must be up to speed on what makes a fund or its holdings ESG-friendly, lawyers and compliance professionals… Read More

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Foreside Launches Turnkey Marketing Service for RIAs

April 14, 2021

RIA Intel recently shared an exclusive interview covering the launch of RevBuilder360, an innovative marketing program designed to help RIAs… Read More

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SEC Examiners Warn Advisors of ESG Missteps

April 13, 2021

Investment advisors and firms that use ESG strategies should make sure their investment process is disclosed and consistent. Their marketing materials should reflect what… Read More

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Foreside Launches Marketing Hub Aimed to Help RIAs Grow Their Business

April 12, 2021

    Comprehensive turnkey platform helps RIAs acquire new clients, gather assets and improve client satisfaction PORTLAND, Maine – April… Read More

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Prepare for SEC Scrutiny of Valuation Practices

April 7, 2021

Foreside’s Tracy Dotolo and Jack Huntington, members of the Fund Officer Solutions team, broke down to BoardIQ why fund boards… Read More

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In Form U4, what goes under employment history vs. other business?

April 7, 2021

Financial Planning’s readers ask when should something be listed on their U4 under Section 12 (Employment History) and when it… Read More

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On the Record: Compliance is at the forefront for Foreside Financial President David Whitaker

April 6, 2021

Foreside President David Whitaker recently caught up with Mainebiz for a one-on-one discussion sharing more about our customized compliance and… Read More

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Foreside named a finalist for Compliance & Innovative Client Solution for the Eighth Annual Family Wealth Report Awards

March 15, 2021

  Portland, Maine, March 15, 2021 — Foreside Financial Group, a leading provider of compliance and distribution solutions, is pleased… Read More

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SEC to Prioritize Reg BI Compliance, Order Routing in 2021 B-D Exams

March 9, 2021

The Securities and Exchange Commission will “expand the scope” of its Regulation Best Interest-related reviews to assess whether broker-dealers have… Read More

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Biden influence apparent in SEC 2021 examination priorities

March 9, 2021

The long-awaited 2021 examination priorities of the Securities and Exchange Commission (SEC) were released March 3rd, providing investment firms and… Read More

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An Industry First: Two Mutual Funds Will Become ETFs This March

March 9, 2021

An industry first is looming. Mutual fund issuer and Foreside client, Guinness Atkinson is slated to convert two of its… Read More

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SEC to Place More Focus on Climate Risks in 2021 Exam Priorities

March 9, 2021

According to a new report highlighting 2021 priorities for the Division of Examinations (DOE), this year’s SEC exams will place… Read More

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Foreside Acquires JG Advisory Services

March 9, 2021

PORTLAND, Maine – March 9, 2021 – Foreside Financial Group, LLC (Foreside), a provider of governance, risk management, and compliance… Read More

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All or Nothing: Advisors Cautioned on Advertising Rule Limbo

March 8, 2021

  The advisory industry finds itself in a protracted regulatory limbo about the still-unpublished Securities and Exchange Commission advertising rule,… Read More

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SEC Publishes Crypto Exam Playbook

March 8, 2021

  Advisors holding digital assets must have strict policies in place to safekeep the assets from unauthorized transactions and other… Read More

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Spotlight on Gamification of Trading, Social Media Investment Advice

March 8, 2021

  With attention trained on the impact of game-like and social media-driven trading, regulators are expected to tamp down on… Read More

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Foreside Surpasses $160 Billion Mark for ETFs Distributed

March 3, 2021

Foreside Surpasses $160 Billion Mark for ETFs Distributed Already the largest third-party ETF distributor by number of issuers, new milestone… Read More

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Putnam to Enter ETF Market With 4 Active Strategies

February 22, 2021

  Putnam Investments has made its first move into the ETF market, and it is wasting no time zooming toward… Read More

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Pandemic Prompts Brokerages to Seek Relaxed In-person Inspection Requirements

February 22, 2021

This week, InvestmentNews published a story focusing on the member firms and trade associations representing them told FINRA their pandemic… Read More

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FINRA Keeps Outside Business Activities in the Crosshairs for 2021

February 19, 2021

FINRA’s scrutiny of brokers’ outside business activities is a recurring area of focus and presents potential pitfalls that member firms… Read More

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Foreside named a finalist in two categories for the 2021 HFM European Services Awards

February 17, 2021

Portland, Maine, February 16, 2021 — Foreside Financial Group, a leading provider of compliance and distribution solutions, is pleased to… Read More

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Foreside launches Connect+ client portal

February 11, 2021

  PORTLAND, Maine – February 11, 2021 – Foreside Financial Group, LLC (“Foreside”), a provider of governance, risk management, and… Read More

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FINRA to ramp up Reg BI exams in 2021

February 9, 2021

When FINRA examiners check-in with brokers this year, they’re going to be expecting to see real progress in firms’ compliance… Read More

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Compliance Lessons Gleaned from GameStop Market Insanity

February 2, 2021

Since last week, Wall Street has been watching a real-time battle unfold between retail investors and hedge funds over formerly… Read More

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FINRA scrutinizes firms that accepted PPP loans for possible rule violations

January 26, 2021

FINRA is examining brokers who received a loan through the Paycheck Protection Program, a federal government program intended to provide… Read More

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Foreside Acquires Capital Markets Compliance

January 25, 2021

PORTLAND, Maine – January 26, 2020 – Foreside Financial Group, LLC (“Foreside”), a provider of governance, risk management, and compliance… Read More

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Foreside unveils solution for breakaway RIAs

January 21, 2021

Foreside unveils solution for breakaway RIAs Comprehensive platform helps mitigate liabilities and risk for successful transition PORTLAND, Maine — January… Read More

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New Ad Rule Ambiguity Could Hinder Use by Advisors

January 11, 2021

The industry had waited decades for an update to the SEC’s advertising rules, but now that it’s here, a lack… Read More

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401(k) Plans Prefer Funds with Rev Share: Researchers

January 7, 2021

Revenue sharing collected by retirement plan recordkeepers results in higher overall expenses for participants and influences plan menu design, according… Read More

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Why and How Advisors Should Prepare to Talk Crypto with Clients

January 5, 2021

  With clients increasingly asking questions about cryptocurrencies, advisors cannot ignore the topic and must prepare themselves to respond to… Read More

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Foreside + MyComplianceOffice Webinar: Looking Back to Move Forward: Practical Guidance for Strong Compliance

January 4, 2021

MCO and Myles Blechner, Senior Director at Foreside, shared a look back at 2020 and practical guidance on managing compliance in 2021,… Read More

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Hedge Funds Face Heightened Scrutiny on SEC Exams in 2021

December 23, 2020

Hedge funds should be prepared to face greater compliance scrutiny with thorough exams in 2021 as a new presidential administration… Read More

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State fiduciary rules slow down amid pandemic, political transition

December 23, 2020

The pandemic delayed action in several states to finalize fiduciary rules. Efforts to implement fiduciary rules in New Jersey, Nevada,… Read More

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Mutual fund conversions to ETFs pose challenge

December 23, 2020

    Compliance and operations teams in fund houses that are planning to convert mutual funds to ETFs have lots… Read More

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NICSA NOVA Awards – Emerging Leaders Award Winner: Shrey Malla

December 22, 2020

    Foreside is excited to announce that Shrey Malla, Senior Director, Corporate Development, has been named a winner of… Read More

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New SEC Rule May Turn Shops into Data Collectors

December 22, 2020

    New regulation may expand who can aggregate and sell national market data. Potentially making it easier for other… Read More

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Buyout Firms Bet Smaller is Better with Covid Trimming Deals

December 21, 2020

    With blockbuster buyout activity hit by the pandemic early in the year, the industry has turned to smaller… Read More

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Potential Pitfalls for Mutual Fund to ETF Conversions

December 21, 2020

    Three fund shops have disclosed plans to convert mutual funds to ETFs, and more are likely coming down… Read More

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Infographic: Quarter of Fund Groups Appoint Outsourced CCOs

December 15, 2020

    Boards have come to rely heavily on Chief Compliance Officers (CCOs) in the past since regulators required, they… Read More

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Foreside shortlisted for Best Compliance Advisory Firm by Fund Intelligence’s 2021 Operations and Services

December 9, 2020

    Portland, Maine, December 9, 2020 — Foreside Financial Group, a leading provider of compliance and distribution solutions, is… Read More

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Foreside Shortlisted for Best Technology Platform for Family Offices for the 2021 Private Asset Management (PAM) Awards

December 8, 2020

Portland, Maine, December 7, 2020 — Foreside Financial Group, a leading provider of compliance and distribution solutions, is pleased to… Read More

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A Subscriber’s Request: Compliance Training Software

December 2, 2020

Regulatory Compliance Watch queried Chief Compliance Officers (CCOs) about the type of compliance training software they use. The survey indicated… Read More

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Am I Required to Document Videoconferences with Clients?

December 2, 2020

Financial Planning’s readers wonder if there is a requirement to save recordings of video conferences with clients now that so… Read More

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Why the “Menu” for Investors Is Growing

November 25, 2020

Foreside was recently interviewed on the ETF Show sponsored by the NYSE.  Jennifer Hoopes, Senior Managing Director and General Counsel… Read More

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How Much Information do Reps Need to Get for New Accounts?

November 18, 2020

Foreside’s Alan Foxman, Managing Director, shares his insight with Financial Planning’s readers on how much information reps need to get… Read More

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