Posts tagged NSCP.
In an August 18 letter to SEC Enforcement Director Ceresney, the National Society for Compliance Professionals ("NSCP") urged the SEC to adopt an internal guideline requiring a higher "aiding and abetting" standard for compliance-officer liability in enforcement actions. While underscoring its commitment to a strong enforcement program in appropriate circumstances, NSCP expressed concern over the hindsight breadth of the "caused" standard used in recent actions against compliance professionals. The group urged the SEC to consider several issues when making ...
Posted in: SEC
Tags: burr forman, compliance-officer liability, enforcement actions, higher “aiding and abetting” standard, National Society for Compliance Professionals, NSCP, SEC, SEC Compliance-Officer Liability, SEC Compliance-Officer Liability Standard, SEC Enforcement Director Ceresney, Securities and Exchange Commission, securities litigation, Securities Litigation & Arbitration, “aiding and abetting”