November 20, 2020 Alert

Hi all,

Below are this week’s alerts for the Investment Network.  With the holidays approaching, we will take a two week hiatus from sending out the alert.  We will return the week of December 7th.  Enjoy! 

This Issue’s Topics:

  • Announcement: Stradley Ronon Launches ESG Group
  • SEC Risk Alert: OCIE Observations: Investment Adviser Compliance Programs
  • SEC AML Sweep Exam Letter
  • Financial Poise: Digital Assets
  • Chicago Financial Women Virtual Holiday Event: Favorite Things & Gift Giveaway


Stradley Ronon Launches ESG Group

As more institutional investors and operating companies view various environmental, social and governance (ESG) issues as sources of material risk and opportunity, Stradley Ronon is proud to announce the formation of its environmental, social & governance (ESG) group.

Institutional investors, such as ERISA plans, registered investment companies, endowments, foundations and hedge funds are under increasing pressure to take ESG factors into account in their investment decisions, proxy voting and shareholder engagement processes. Investment advisers, broker-dealers and family offices are also now addressing ESG risks and opportunities with respect to their own firms in response to greater concern by clients and employees.

Stradley’s ESG group offers clients a holistic approach to help clients navigate a rapidly evolving landscape of legal and regulatory developments (e.g., ERISA, Advisers Act, Clean Air Act, etc.), stewardship codes, disclosure frameworks and nongovernmental organization codes of conduct, on a wide range of ESG risks, ranging from climate change to diversity and inclusion to executive compensation to renewable energy projects to cybersecurity.

For additional information, click here.


SEC Risk Alert: OCIE Observations: Investment Adviser Compliance Programs

This SEC Risk Alert provides an overview of notable compliance issues identified by the Office of Compliance Inspections and Examinations (OCIE) related to Rule 206(4)-7 (the Compliance Rule) under the Investment Advisers Act of 1940.  Deficiencies related to the Compliance Rule have been among the most common cited by OCIE.

To review the Risk Alert, click here.

SEC AML Sweep Exam Letter

The redacted AML sweep exam letter which came out of the SEC’s Denver Regional Office, was recently published in a compliance newsletter.

The full redacted letter is attached to the Alert email.


Financial Poise: Digital Assets
Thursday, December 3, 2020, 1:00 P.M. CDT

Digital Assets for the purpose of this webinar denote digitally-expressed assets derived from blockchain and Bitcoin, whose shared birth, like that of Romulus and Remus, has been succeeded by a wild kind of growth and elaboration. Will their Rome endure and transform the world? Join the discussion to find out. This webinar examines digital ledgers, coins, tokens, ICOs, and IEOs that make up digital assets.

This webinar is co-produced by West LegalEdCenter™ and part of the “Hot Topics 2020” series. It will feature:

  • Nicole Kalajian – Stradley Ronon
  • Chris Cahill – L&G Law Group LLP
  • Oscar Jofre – KoreConX
  • Michelle Huhnke – Sugar, Felsenthal, Grais & Helsinger LLP
  • Michelle Gitlitz – Crowell & Moring

For more information, click here.

Chicago Financial Women Virtual Holiday Event: Favorite Things & Gift Giveaway
Wednesday, December 9, 2020, 4:30-6:00 P.M. CDT

Please join Chicago Financial Women in sharing your one favorite item, $25 or less, that you can’t live without, or love gifting to others. You can either bring the item to “show and tell” or bring the link for others to check out as well!

In place of our traditional gift exchange, your registration ticket enters you into a raffle to win one of three amazing prizes! Want better odds of winning? Buy more tickets! 1 Ticket = 1 Entry. Feel free to gift any added tickets to a friend or consider it an added donation.

We’re excited to connect with you virtually and share some holiday cheer as it’s been a hectic year. Grab a glass of wine and celebrate with your Chicago Financial Women friends. We look forward to seeing you! ‘Ugly’ sweaters are encouraged!

Ticket includes raffle entry and networking, but make it festive, it’s our FAVORITE!

For more information, click here.

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