SEC Official Calls On Firms To Empower Compliance Chiefs
Law360 (November 20, 2020, 10:35 PM EST) -- The director of the U.S. Securities and Exchange Commission's Office of Compliance Inspections and Examinations has urged investment firms to empower their chief compliance officers, and warned that regulators notice when firms take a "check-the-box" approach to the position.
Peter Driscoll said in a virtual speech for the agency's National Compliance Outreach program Thursday that examiners take note when companies hire someone for the role of CCO but don't support or empower them, adding that firms sometimes put responsibility on the CCO when an employee or officer has failed to follow a company policy or procedure.
Examiners also see when a...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!