Gerald Francese, a Partner in Locke Lord’s Corporate Practice Group in the New York office, was interviewed by the Hedge Fund Law Report. The article focused on advice regarding technology and the private funds space, and new guidance he predicts from the Securities and Exchange Commission (SEC) in 2019. Francese is quoted extensively in the article, saying in part, ““What I really look forward to… is the development of SEC guidance around digital assets that would allow folks who trade in those asset classes to have a clear path to regulatory compliance. That’s what I think is going to be the big mover for 2019.”
Francese also described automated solutions he helped build for clients to achieve regulatory compliance related to AML/KYC and the Foreign Account Tax Compliance Act. He also reflected on the impacts of the Dodd-Frank Wall Street Reform and Consumer Protection Act to investment managers registering with the SEC. He closed by discussing the E.U.’s General Data Protection Regulation (GDPR)’s effect on the funds industry, saying, “Unification of the GDPR standards, or at least adoption of these standards outside of the E.U., is something we are going to see coming forward fast.”
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