The role of the compliance officer elevates

The SEC's crackdown on compliance failures has made the role of the chief compliance officer ever more important

The Securities and Exchange Commission is rumored to be cracking down on compliance officers of hedge funds and other financial institutions of a certain size, and, in response, companies are seeking to give compliance officers greater and more direct access to CEOs.

Recent reports described the SEC's aggression as a byproduct of the Volcker Rule enacted as part of the Dodd-Frank legislation of 2010 that required hedge funds to maintain chief compliance officers. And those officers will now be held more directly accountable when compliance failures occur.

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Juliana Kenny

Juliana Kenny is a contributor to, covering a range of topics including patent litigation, conflict mineral laws, executive compensation, and antitrust regulation. Juliana earned B.A.s...

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