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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2023-10-18T14:31:00
A second commissioner at the Securities and Exchange Commission (SEC) called for the agency to establish a framework that would describe scenarios in which a chief compliance officer would be held liable for securities law violations made by their firm.
In a speech delivered Monday at an industry event, SEC Commissioner Mark Uyeda urged regulators to “clearly describe the circumstances under which a CCO will be held liable for a firm’s violations of the federal securities laws.”
He noted the SEC’s lack of a CCO liability framework “has been the source of a great deal of concern” for compliance officers, particularly given the flood of new regulations the commission has either implemented, approved, or placed in its pipeline.
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2024-05-01T14:00:00Z By Amii Barnard-Bahn
Despite significant issues outside the control of most chief compliance officers, some regulators have signaled more individual liability cases are to be expected. Will accepting the wrong job, in hindsight, make it your last?
2024-04-09T20:33:00Z By Adrianne Appel
Hester Peirce of the Securities and Exchange Commission said the agency should form an advisory committee comprised of chief compliance officers as part of a wide-ranging critique of the agency’s efforts to engage with the public.
2024-01-03T18:53:00Z By Kyle Brasseur
The Securities and Exchange Commission announced Mark Uyeda will serve a second term as commissioner through 2028.
2024-07-02T20:35:00Z By Adrianne Appel
Three former executives of Chicago-based Outcome Health, a healthcare technology company, were sentenced for misleading an auditor, clients, lenders, and investors about a scheme to sell $45 million in overbilled advertisements.
2024-07-02T14:42:00Z By Adrianne Appel
A home health company operating in Indiana, Ohio, and Texas agreed to pay nearly $4.5 million to settle allegations it filed false claims by giving sports tickets and other kickbacks to assisted living facilities in exchange for referrals.
2024-07-02T13:50:00Z By Aaron Nicodemus
Crypto-friendly Silvergate Bank will pay a total of $63 million penalties to California and the Federal Reserve Board to settle charges that its anti-money laundering program failed to properly monitor more than $1 trillion worth of customer transactions.
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