- In the News
NYS Attorney General Sues Large Bank for Dark Pool Fraud
“The New York State Attorney General filed a fraud lawsuit against a large international bank, alleging misrepresentations in the operation of its dark pool. The NYS Attorney General alleges ...”
CCO Punished for Code of Ethics Violations
“The SEC censured, fined, and barred a Chief Compliance Officer for failing to implement and test the Code of Ethics, thereby failing to stop or detect the insider trading by a portfolio manager. The SEC says that the CCO failed to...”
Get timely, concise, and practical information by becoming part of our e-mail distribution list. You'll receive our daily alerts right in your inbox.
Will it withstand SEC scrutiny during a regulatory exam? Do you assess your regulatory risk the same way that the SEC does? Should you be worried?
Worst-case scenario: You’ve done something so egregious that the SEC lawyers refer the case to Enforcement, which could lead to public censure, fines, expensive undertakings, and industry bans.
Least-bad scenario: A problem shows up on a deficiency letter that a potential client will see.
In between: You and your firm become entangled in an ongoing regulatory dialog with the SEC that costs time and money. And, once the SEC determines that you or your firm is a compliance risk, you will likely see the examiners on an annual (if not continuing) basis.
With the increasing complexity and visibility of regulatory oversight, investment organizations are choosing to utilize independent partners to develop and execute compliance programs.
Cipperman Compliance Services (CCS) provides compliance services to registered funds and money managers. CCS creates compliance solutions that work for dynamic firms by leveraging the experience of a multi-disciplinary team of lawyers, compliance and operations professionals, and applying a management-focused approach to client services.
CCS takes full accountability for implementing its advice and solutions, which include serving as a firm’s chief compliance officer, creating customized compliance programs, conducting compliance reviews, and responding to regulatory inquiries.