CCO Liability

Talk of CCO liability has diminished of late but two new SEC enforcement actions may spark some fresh whispers about the risks of the job. ...

The complaint also alleged that from at least 2012 through 2016, Jarrell offered and sold unregistered promissory notes issued by Providence Financial Investments, Inc. (“PFI”) ...

Ryan, BISC’s Chief Compliance Officer during the relevant period, participated in, along with others from the firm, the firm’s development of procedures for obtaining and ...

The elderly client had lost her husband only three months before when her adviser, George Taylor of Temenos Advisory ($107M in AUM), persuaded her to ...

Devlin, then a managing partner and the Chief Compliance Officer (“CCO”) of a private equity adviser (“Adviser”), arranged for an Adviser-managed fund to invest in ...

Temenos Advisory, Inc. and George L. Taylor steered advisory clients and other investors, including senior citizens and individuals approaching retirement, into four risky, illiquid private ...

Davis, acting on behalf of himself and DWM, engaged in conduct in violation of the South Carolina Uniform Securities Act of 2005 when he recommended ...

Terracciano was serving as Aegis’ AML CO, Aegis failed to file Suspicious Activity Reports (“SARs”) on hundreds of transactions when it knew, suspected, or had ...

The count to which Erb pled guilty alleged that Erb raised over $5 million from advisory clients, telling them that he would only invest their ...

Chief compliance officers can take heart in the recent words of new SEC Commissioner Hester Peirce. In remarks at the 50th annual Rocky Mountain Securities ...