CCO Liability

Balter engaged in three distinct schemes. First, he fraudulently allocated profitable trades to his own accounts to the detriment of several client accounts. Second, Balter falsely ...

Pagan also caused Belvedere’s violations of the Advisers Act relating to compliance rules and Form ADV delivery requirements, which were tasks he was specifically required to ...

It’s been just more than one year since we told you about the first of its kind insurance policy specifically to protect CCOs from regulatory ...

A new SEC settlement suggests the prudence of compliance monitoring withdrawals when a rep serves as trustee over a client’s account.   Rep Gary Oliver ...

Bollinger was responsible for adopting and implementing Fortius’ compliance program. Between 2003 and August 2012 (throughout the entirety of Oliver’s association with the firm), Fortius ...

Lathen knew, or was reckless in not knowing, that those representations were false. Lathen, EACM, and EACA also omitted to disclose material information, such details of ...

Alison, who repeatedly failed to produce to the Commission’s examination staff required books and records, in violation of the federal securities laws, thus, inhibiting the ...

The Commission’s complaint alleged that, in early 2008, MGRA and its CEO, Chauncey C. Mayfield (“Mayfield”), misappropriated approximately $3.1 million belonging to one of the Detroit ...

Your compliance program may be judged by SEC officials when they simply stop by and inquire about things.   One outgrowth of the Great Recession ...

Explosive growth at Raymond James between 2006 and 2014 came with a cost. A significant size increase over the eight-year period—from 2,298 registered persons in ...