Liability of Compliance Officers at Financial Institutions | Practical Law

Liability of Compliance Officers at Financial Institutions | Practical Law

A Practice Note describing the different approaches that US securities regulators use in assessing individual liability of compliance personnel. The Note points to the pitfalls compliance personnel should avoid and suggests best practices for minimizing the risk of a regulatory action against compliance professionals at a broker-dealer or investment advisory firm, including creating an effective compliance program.

Liability of Compliance Officers at Financial Institutions

Practical Law Practice Note w-002-8526 (Approx. 19 pages)

Liability of Compliance Officers at Financial Institutions

by Joseph Dever and Linda S. Riefberg, Cozen O'Connor P.C., with Practical Law Litigation
MaintainedUSA (National/Federal)
A Practice Note describing the different approaches that US securities regulators use in assessing individual liability of compliance personnel. The Note points to the pitfalls compliance personnel should avoid and suggests best practices for minimizing the risk of a regulatory action against compliance professionals at a broker-dealer or investment advisory firm, including creating an effective compliance program.