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CCO Liability

"If, as has sometimes happened in the SEC’s, FINRA’s, and other regulators’ enforcement actions, when a firm violates the law, the regulatory consequences fall in ...
The line around CCO liability often is drawn by whether a compliance officer participated in an alleged fraud. In a new civil lawsuit filed in ...
Charging CCOs can actually increase future securities violations, the report argues, because it could discourage compliance professionals from “deep involvement” in their firms
MacDonald failed to exercise reasonable care and caused these fees to be transferred to VII Peaks even though she was unaware of any obligation by ...
In its first “formal communication” with new SEC Chairman Gary Gensler, the Investment Adviser Association lays out a regulatory agenda that ranges widely from calling ...
A Connecticut-based CPO/CTA has agreed to pay half a million dollars for not having compliance policies in place to prevent wash sales. The CFTC enforcement ...
Seth Leyton aided and abetted a scheme to defraud investors that involved obtaining either CMOs or cash to purchase CMOs. The defendants obtained more than ...
Former CCO Meredith Simmons shares her lessons learned following an SEC enforcement action
“I would strongly recommend never finding yourself in a position where you’re alone with the exam staff." She wished she would have asked the firm’s ...
"We notice on exams when firms hire someone for the role to check the box but do not support or empower them.  We notice when ...
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