CCO Liability

“We keep just a simple Excel spreadsheet” to document issues and their resolutions

DB Fitzpatrick “terminated the chief compliance officer at the time of the Contributions and hired a new chief compliance officer

The case marks just the latest bad news for small-firm managers with compliance duties

Compliance "officers remain concerned that their good faith efforts and well-intentioned conduct may be punished"

"We have recognized previously that other demands on a CCO’s time may be a mitigating factor and [recognize] competing demands on" the CCO's time as ...

It doesn't always pay to listen to the boss

Settlement follows criminal case plea that could land the CCO in jail

Advisers systematically overbilled more than 100 of its client accounts for a total amount of over $11.8 million

RJ Advisers’ policies and procedures required FAs and the Compliance Department to monitor the Inactive Accounts. Specifically, FAs were to “continually monitor their client accounts,” ...

The CEO of a purported CPO/CTA met his future CCO in the same spot where the fraudster lured many of his investors: church.   The ...