Tag Archives: CCO

SEC Fines and Bars CCO for Ignoring Compliance Problems

from Cipperman Compliance Services The SEC fined and barred an adviser’s Chief Compliance Officer from acting in a compliance or supervisory capacity because of his failures to remedy compliance deficiencies. The adviser hired an outside compliance consultant which recommended 59 … Continue reading

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ADV Part 1 Changes

As many of you are aware, the U.S. Securities and Exchange Commission (“SEC”) issued a final rule in August 2016, which significantly expands the information required in Form ADV Part 1. The compliance date for the rule is October 1, … Continue reading

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Five warning areas for CCOs

Only eight cases since 2004 have named CCOs who only had that job position, and of these, only five centered on violations of Advisers Act rule 206(4)-7, Aguilar states. These cases indicate CCOs risk enforcement action for committing any of these … Continue reading

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CCO Protection

If you are a CCO, it appears you are a target and the risk of CCO liability continues to grow.  With Code of Ethics reports due this month and next, it is time to move some of that risk off … Continue reading

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