CCO Liability

The need for clear and transparent Orders is especially important when Commission actions involve federal securities law violations by Chief Compliance Officers, a subject that ...

While not condoning the deceit committed by a fired Wells Fargo compliance officer who altered records in an insider trading investigation, an SEC ALJ argues ...

TPGS violated the Custody Rule because it failed to accurately determine the securities over which it had custody; failed to ensure the securities were maintained ...

During my tenure I have repeatedly called on the Commission to tread carefully when bringing enforcement actions against compliance personnel, who are often the only ...

If you’re among those who didn’t know that a defendant who prevails in an SEC enforcement action could seek the government to pay his attorney’s ...

SEC Chair Mary Jo White has now jumped into the debate swirling among her fellow commissioners Luis Aguilar and Daniel Gallagher concerning CCO liability and ...

The result could hardly have ended any worse for Michael Carino, CCO at AlphaBridge Capital Management ($296M in AUM) in Greenwich, Conn. The SEC says ...

These proceedings arise out of a fraudulent scheme orchestrated by a registered investment adviser to inflate the valuations of certain mortgage-backed securities held in the portfolio ...

Only five SEC enforcement actions in the last 11 years have cited CCOs for violations of the compliance rule, according to SEC Commissioner Luis Aguilar. ...

Given the vital role that CCOs play, they need to be supported. Simply stated, the Commission needs capable and honest CCOs to help protect investors ...