More On

Spending too little on compliance can cause problems down the road

On average, 74 percent of those with compliance duties said their firms should commit more resources to compliance

A new survey suggests that many companies in the financial industry may not have the resources needed to ensure an adequate compliance program – despite recent stepped up enforcement by U.S. regulators.

The survey, released by Cipperman Compliance Services, revealed that only 6 percent of respondents spent the recommended 5 percent of revenues on compliance efforts.

Contributing Author

author image

Ed Silverstein

Ed Silverstein is a veteran writer and editor for magazines, websites and newspapers. A graduate of Harvard's Kennedy School of Government, he has won several...

Bio and more articles

Join the Conversation

Advertisement. Closing in 15 seconds.