Government and industry organizations have tightened the regulations that firms need to follow to be in compliance. These regulations emphasize areas such as due diligence, risk management, cybersecurity, marketing of new products, and protection for senior citizens. SEC and FINRA audits of firms have become more extensive with a greater emphasis on areas such as custody and compliance, partly as a result of the SEC's failure to identify the Madoff Ponzi scheme despite multiple audits.
EZRA has extensive experience in producing and reviewing policies and procedures manuals, as well as a firm's organization and implementation of these P&P.
Due Diligence: EZRA has evaluated multiple due diligence manuals and organization as part of its extensive work in conducting hedge fund due diligence operations.
P&P Manuals: In 2018 EZRA was retained by an industry leading compliance consulting firm to review and update its complete policies and procedures for investment advisors, and for broker/dealers. These manuals conformed to the audit requirements set by regulatory authorities, and were used as templates by dozens of hedge funds, broker/dealers and investment managers.