- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Aaron Nicodemus2023-10-25T20:09:00
The head of enforcement at the Securities and Exchange Commission (SEC) outlined the scenarios in which the agency would charge a chief compliance officer for securities law violations.
Gurbir Grewal told an audience of compliance professionals in remarks delivered Tuesday at the New York City Bar Association’s Compliance Institute the agency only brings actions against compliance officers in certain specific situations.
“The short answer is that we do not second-guess good faith judgments of compliance personnel made after reasonable inquiry and analysis. That is why such actions are rare,” he said.
The agency would consider charges in three circumstances, he said:
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Gurbir Grewal, who recently left the Securities and Exchange Commission after three years as head of its Division of Enforcement, has joined the law firm Milbank as a partner in its New York office.
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