The U.S. Securities and Exchange Commission isn’t out to get chief compliance officers (CCOs). At least that’s the gist of a speech a top agency official gave last week to a group of compliance professionals.
“The overwhelming majority of the cases we bring involve CCOs who crossed a clear line by engaging in affirmative misconduct or obstructing regulators, or who wore multiple hats,” Andrew Ceresney, director of the SEC Division of Enforcement, said at the annual conference of the National Society of Compliance Professionals last Wednesday.
