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Behind the SEC's Recent Crackdown on Compliance Officials

Recent comments by SEC Commissioner Daniel Gallagher were noteworthy for both their candor and the subject he raised. On June 18, he wrote that the SEC was sending a "troubling message": Chief compliance officers (CCOs) should not take ownership of their firm's compliance policies and procedures, lest they be held accountable for conduct that is not really their responsibility.

20 minute read August 01, 2015 at 11:59 AM
By
H. David Kotz
Behind the SEC's Recent Crackdown on Compliance Officials

Recent comments by Securities and Exchange Commission (SEC) Commissioner Daniel Gallagher were noteworthy for both their candor and the subject he raised.

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