CCO Liability

It can pay to have checks and balances in place, but only if the check does the job thoroughly—especially if the monitor holds the title ...

"As chief compliance officer, [he] had 'overall responsibility for monitoring and testing compliance with the Firm’s policies and procedures'”

The lies ran as deep as a biblical flood. Wright allegedly told investors he put his own money into the investment. 'Wright had invested no ...

A battle royale shapes up between an adviser and the SEC over claims the firm’s CCO was both negligent and derelict in his duties, while ...

Williams, the firm’s CEO/CCO, 'failed to provide the Commission with evidence to corroborate' the Form ADV filing claiming trillions in AUM

Vista and Ruben Cedrick Williams falsely claimed in the adviser's Form ADV filing that the firm had $10B in AUM and then stating its AUM ...

Collett did not reconcile the block trade tickets to the trade log to ensure that the block trades were properly allocated. Instead, Collett trusted that ...

The case helps to define that sometimes squiggly line around CCO liability, and conjures advice for how a CCO should act when her superior shows ...

The Commission alleged that in 2013, as CCO, Ronald Heineman ignored red flags and engaged in a scheme to manipulate the price of a stock ...

Here are some preventative measures you can take to help prevent similar issues at your firm