SEC Investigates Links Between Money Managers and Major Pension Fundarrow_forward
A new Bloomberg report alleges the SEC is investigating the relationships between the $66 billion Pennsylvania state pension fund and major investment managers. The SEC issued a subpoena this month to gather details on gifts exchanged between major firms such as Blackstone, The Carlyle Group, Morgan Stanley, Apollo Global, and Hamilton Lane, and executive members of the state pension fund.
illumis Welcomes New Client: Pillar Compliance Grouparrow_forward
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.
Webinar Recap: Pay-to-Play Compliance and the 2020 Electionarrow_forward
We recently hosted a webinar around pay-to-play compliance with two experts on the topic—Ki Hong of Skadden, Arps, Slate, Meagher & Flom, and Heather Traeger of TRS, where we covered important, timely issues around the 2020 election. Given the complexity of pay-to-play regulations and potential severity of penalties for violations, as well as the historic political involvement in this election cycle, understanding and monitoring for these risks has never been more important.
New Report Highlights Potential 2021 Pay-to-Play Enforcement Risksarrow_forward
Last month, Compliance Week highlighted some of the compliance considerations for investment advisors (and other regulated firms) around the 2020 elections in a piece headlined “SEC ‘pay-to-play’ enforcement surge projected in 2021”. The article notes that tomorrow’s elections have spurred a massive wave of contributions - and are likely to also trigger a new wave of SEC enforcement.
illumis Webinar: Pay-to-Play Compliance & the 2020 Election arrow_forward
We’re excited to host a webinar regarding pay-to-play compliance around the 2020 election! Please join our team on October 28th at 4 p.m. ET for a conversation with two experts on the subject. We will focus on some of the complexities of pay-to-play law and political contribution compliance and hear from the experts on best practices as well as emerging areas of risk. You can find more details about our guests below and to register, please click here.
illumis Compliance - Fall Product Updatearrow_forward
This summer we’ve continued to build out powerful tools on our political contribution compliance platform to better serve our customers. Today, we’re excited to share three big features we added to the illumis platform:
Releasing Our First Candidate Research Report for Regulatory Riskarrow_forward
Our team of analysts recently compiled various research memos that provide background on the state and locally elected officials running for Federal office in 2020. Today, we’re excited to release the 2020 Candidate Research Report on Senate Candidates. The report lists the current elected offices all candidates hold (or their profession), and also notes some potentially relevant pension funds. We’ll be following up with a report on House candidates soon.
Match Records with Preclearance Requests arrow_forward
We’ve been working closely with our customers to build a more streamlined political contribution monitoring system. Today, we’re excited to introduce the newest release on our political contribution monitoring platform: preclearance record matching.
Introducing Preclearance arrow_forward
We’re excited to announce we’ve added a streamlined, fully-customizable preclearance tool to illumis’ political contribution monitoring solutions. Our preclearance feature ties political contribution preclearance data and monitoring data together in a single workflow for the first time, enabling significant automation to save time and improve processes for compliance teams across the financial services industry.
Two New Tools for Compliance Teamsarrow_forward
The illumis team is happy to announce two major releases for our political contribution monitoring platform. Standalone searching and enhanced candidate and committee data will help streamline workflows for compliance teams.
April 2019 Update: Bulk Exports & Date Limitarrow_forward
In addition to the existing individual export functionality and full platform reports, we have now launched a bulk export function that delivers more flexibility and precision around which records you’d like to pull in an export. For example, if you want to see all records for contributions made this year, select “add all” on the export page and select a contribution date window. Or if you’d like to see all contributions that were recorded in the last quarter from a specific set of employees, you can do that as well. See how here:
Potential Pay-to-Play Risks Posed By New Presidential Candidatesarrow_forward
The growing field of candidates in the Democratic primary represents increased risk of contributions that violate “pay-to-play” regulations, and thus increased risk to financial institutions serving public sector clients. This is especially relevant this month as Gov. Jay Inslee of Washington becomes the first incumbent governor to launch a 2020 presidential campaign.
December 2018 Update: Custom Statuses and Attachmentsarrow_forward
Custom Record Statuses
Last month, we launched a feature that allows you to categorize records. We received lots of positive feedback but many customers wanted to be able to further customize statuses. With this update you can now configure your own statuses (up to 5), and customize them to better match your internal workflows and documentation processes.
October 2018 Update: Jurisdiction Filterarrow_forward
illumis has always allowed you to monitor all of the political contributions made on a name-by-name basis - with data covering all 50 states, major cities and counties, and federal contributions, and updated daily.