SEC Judge May Temper Agency Focus On Compliance Pros

Law360, New York (August 6, 2015, 7:31 PM EDT) -- A recent decision by an in-house judge at the U.S. Securities and Exchange Commission has given compliance professionals hope that the enforcement division will think twice before bringing potentially devastating charges against the internal watchdogs of financial firms.

In an unusual ruling on Wednesday, Administrative Law Judge Cameron Elliot refused to impose any sanction on Judy K. Wolf, a former compliance officer at Wells Fargo Advisors LLC, even after finding that she aided, abetted and caused violations at the firm by doctoring a record used in...
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