Ten things I’d like to see happen in 2023 (Compliance Week)

Compliance Week, January 3, 2023

It’s been two years since SEC Commissioner Hester Peirce floated developing a draft framework to share with her fellow commissioners that would aim to clarify when the agency might seek personal liability in compliance cases. Peirce continued the conversation in 2022 by weighing the New York City Bar Association’s proposed liability framework against a case the agency settled with the CCO of a formerly registered investment adviser, but the mixed reaction to her doing so proves more clarity is needed on this front.

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