July 20, 2021

illumis Welcomes New Client: Pillar Compliance Group

David Lombardy recently launched his own regulatory and compliance consulting firm, Pillar Compliance Group, to assist investment managers with the development, implementation, and ongoing monitoring of their compliance programs. In reviewing the regulatory environment around pay-to-play compliance, he saw the value in using illumis’ political contribution monitoring platform to provide the best risk coverage available for his clients.

According to David, “A pay-to-play violation is a risk for all my clients. A client may have policies and procedures in this area, but I strongly encourage them to enhance their compliance program by testing those policies and procedures. illumis has the solution to help my clients test their compliance policies in this area and therefore mitigate this risk to their business.”

We are excited to welcome David and Pillar Compliance Group to the illumis compliance platform and look forward to supporting their compliance efforts, and helping them better serve their clients and help manage risks.

Looking to learn more about how to manage pay-to-play risks effectively? Sign up here or contact us at [email protected]

compliance updates
Early last year, we published a blog citing multiple statistics on the rapid influx in political contributions, specifically showcasing an increase on the federal level – unsurprising, given that 2020 was a presidential election year.
compliance updates
Starting April 1, 2022, Delaware County will join the growing number of municipalities and localities implementing increased pay-to-play regulations. As reported back in January 2022, this is one more instance within a larger trend of pay-to-play regulations continuing to move local.
compliance updates
Pay-to-play regulations are becoming increasingly difficult to manage as they continue to move beyond just federal and state laws. We saw this recently in a City Council decision in Pennsylvania: