Law360, New York (November 16, 2007, 12:00 AM EST) -- Two recent enforcement actions, one by the Securities and Exchange Commission ("Commission") against Consulting Services Group, LLC (“CSG”), an investment adviser, and one by the Financial Industry Regulatory Authority (“FINRA”) against Franklin Ross, Inc., a broker-dealer, serve as a reminder that firms must implement compliance programs that are specifically tailored to the firm’s business. These enforcement proceedings also highlight the obligation of firms actually to comply with and enforce those procedures.
SEC Enforcement Proceeding Against CSG
Without admitting or denying the findings, CSG consented to the...
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.