Navigating Personal Liability as a Compliance Officer

Compliance officers at registered investment advisers were already busy, and the changing regulatory and economic landscape brought on by COVID-19 added even greater responsibility and complexity. This practice note provides a road map for understanding and mitigating the personal liability of compliance officers at investment advisory firms. It discusses the three principal theories of liability used by the SEC in bringing actions against compliance officers, and offers practical recommendations for compliance officers seeking to mitigate liability risk.

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  See this handy checklist to determine if your (or your client’s firm’s) compliance policies are comprehensive and up to date. It’s an easy way to review compliance policies for completeness.

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