During a recent speech to the National Society of Compliance Professionals, an official of the U.S. Securities and Exchange Commission (“SEC”) identified certain new areas of focus by the SEC examination staff due to these volatile markets. Based upon this unofficial guidance by an SEC official, the following are some new questions that your registered [...]
Monthly Archives November 2008
SEC Takes Disciplinary Action Against Chief Compliance Officer
The U.S. Securities and Exchange Commission (“SEC”) recently issued an order bringing sanctions against an individual who had served as an investment adviser’s president and chief compliance officer regarding investment pools operated by an associated person of the investment adviser. According to the SEC, beginning in 2002, the investment adviser, Battery Wealth Management, Inc. (“Battery”), [...]
