The Latest In Supervisory Liability

Law360, New York (September 18, 2012, 11:51 AM EDT) -- In July 20, 2012, the U.S. Securities and Exchange Commission released an administrative settlement with Gina Hornbogen, the former chief compliance officer (CCO) of a registered investment adviser, finding that Ms. Hornbogen violated the Advisers Act by failing to supervise an employee engaged in an alleged Ponzi scheme. The settlement made similar findings with respect to Charles Rizzo, the investment adviser's chief executive officer. See In the Matter of Charles L. Rizzo and Gina M. Hornbogen, Adm. Proc. File No. 3-13655, Settlement Order (July 20, 2012)....
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Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.