In the latest instance of federal regulators holding chief compliance officers liable for company failings, the U.S. Securities and Exchange Commission has fined David Osunkwo and suspended him for one year from securities-related jobs.
The SEC said in its Aug. 15 order that Osunkwo submitted inaccurate information in a filing for two affiliated investment advisory companies, and Osunkwo listed the chief investment adviser as having certified the figures when, in fact, he had not.
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