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Davison-Lawblog

Legal and Strategic Advice For Broker-Dealers, Investment Advisers and Investors

Category: Supervision

Written by Sharon M. DavisonMarch 28, 2022March 27, 2022

SO, IS YOUR CCO LIABLE FOR A FAILURE TO SUPERVISE OR NOT?

On March 17, 2022, FINRA released Regulatory Notice 22-10. It dealt with Supervision.  I started to see posts, that FINRA had firmly stated that the CCO (Chief Compliance Officer) would not be disciplined for failures to supervise. The release states “The responsibility to meet these obligations (those outlined in Rule 3110) rests with a firm’s […]

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