CCO (Chief Compliance Officer) Content

The Securities and Exchange Commission recently announced that a registered investment adviser to an exchange-traded fund has agreed to pay a $1.75 million civil penalty to settle charges that the adviser failed to properly disclose a licensing arrangement it had with the ETF's index...

The SEC's Division of Enforcement has announced that it has sanctioned sixteen registrants for "widespread and long-standing recordkeeping failures" relating to their failure to maintain "off channel" communications sent via text messages.[1] The respondents in these cases include...

The SEC has announced its settlement of an enforcement action against a dually-registered broker-dealer and investment adviser for violations of a Whistleblower rule under the Securities Exchange Act of 1934, Rule 2F-17(a). This rule prohibits any SEC registrant from taking any action...

On December 13, 2023, the SEC settled an enforcement action against Credit Suisse Securities ("CSS") and two affiliated entities based on findings that they violated Section 9(a) of the Investment Company Act (ICA) by acting as a principal underwriter or investment adviser to a...

For the twelfth year in a row, the SEC office responsible for conducting inspections of registrants, the Division of Examinations, has published its examination priorities for the coming year. While the Division has commonly published its examination priorities near the beginning of...

On October 30, 2023, the Securities and Exchange Commission filed a complaint against SolarWinds Corporation and its Chief Information Security Officer (CISO), Timothy G. Brown, alleging various violations of the Securities Act of 1933 and the Securities Exchange Act of 1934...