NYC Bar framework seeks clarity on when CCOs face SEC charges (Compliance Week)

Compliance Week, June 3, 2021

NYC Bar framework seeks clarity on when CCOs face SEC charges

Concerned that an increasing number of Securities and Exchange Commission (SEC) enforcement actions could result in more chief compliance officers being held personally liable for misconduct that occurs on their watch, the New York City Bar Association has proposed a framework for regulators to use when considering charging CCOs.

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