CCO Liability

That letter to SEC Enforcement chief Andrew Ceresney from the NSCP last month raising questions about cases targeting compliance officers will result in a D.C. ...

A new ALJ decision that finds fault with a CCO who argued he was just doing his job may well apply more pressure on SEC ...

From at least 2009 through 2012, while Arnett Waters was a registered representative associated with A.L. Waters Capital, he operated a fraudulent scheme through which ...

The attorney for The Robare Group ($160M in AUM) argues the SEC Enforcement Division exaggerated claims that his client’s ALJ victory in June could set ...

Add another voice to those clamoring for the SEC to dampen fears among compliance officers that they will be charged for missing the violations of ...

While the facts line up very similarly to The Robare Group’s case (see related story), the result at the ALJ level couldn’t be more stark. ...

It was all smiles in June when an SEC ALJ dismissed an enforcement action against The Robare Group ($160M in AUM) in Houston over Form ...

The policy is designed to provide personal liability coverage for CCOs at investment advisers and mutual funds

Ariston misstated in filings with the Commission that it had $32 million in AUM in November 2011 when it had less than $20 million in ...

Seasoned compliance professionals are always parsing the language in SEC enforcement actions for guidance and to glean the message being sent by the Commission.  Combing ...