should you rely on a compliance officer
Chief Compliance Officers of Investment Advisers (CCOs) [1] play an important and crucial role in fostering integrity in the securities industry.They are responsible for making sure that their firms comply with the rules that apply to their operations.iven the vital role that CCOs play, they need to be supported. Simply stated, the Commission needs capable and honest CCOs to help protect investors and the integrity of the capital markets. Recently, a fellow Commissioner issued a public dissent in two recent enforcement actions against CCOs of investment advisers.