Tag Archives: knowledgeable employee

Cybersecurity Dos and Don’ts Your Employees Must Follow

October is cybersecurity awareness month so it is important to ensure that your firm and employees are prepared by using best practices, and security policies and procedures. Risk mitigation is needed to protect both the firm and its employees from savvy hackers and cyber attacks. Data breaches continue to wreak havoc on businesses, and the cost is continuously rising. According to the Ponemon Institute, […]

No-Action Letter – Guidance on “Knowledgeable Employees”

  Dear Friends, The SEC has released a No-Action letter providing guidance on individuals who qualify as “knowledgeable employees” under Rule 3c-5 of the Investment Company Act of 1940. The Rule defines knowledgeable employee as any natural person who is an “executive officer, director, trustee, general partner, advisory board member, or person serving in a similar capacity” of a private […]