The SEC in 2024: What Investors Should Know Webinar

Chris Addy, Castle Hall's CEO and John A. Lukan, Managing Director, SEC Compliance Consultants (SEC3), discussed the significant change the alternative asset industry will see in 2024 driven by new SEC rule making, inspections, and the regulator’s enforcement agenda.

The webinar covered the following topics:

• Preparation for the Private Funds rule – and what will happen with the manager pressure group lawsuit?
• The new Cyber Security rule
• The inspection agenda for 2024
• Lessons learned from recent enforcement action

Cash Controls Webinar: The Critical ODD Risk

Chris Addy, Castle Hall’s CEO and Ryan Castle, CEO of Conduit Security, discussed cash movements and how to mitigate wire fraud. Despite cash being a critical ODD risk, our diligence continues to uncover exceptions to expected cash controls, such as where there is not unambiguous dual signatory authorities over movement of fund assets (client monies).

The webinar covered the following topics:

• Best practice cash controls: accounting opening, setting up settlement instructions, and controls to move money (internal and external to the asset manager)
• Why does this matter – a review of recent frauds and losses caused by compromise of cash controls
• An overview of the Conduit SaaS platform designed explicitly to protect against wire fraud