Post by jcline on Oct 30, 2007 15:54:18 GMT -5
SEC, FINRA Launch New Initiative to Assist Chief Compliance Officers at Broker-Dealer Firms
Similar to the SEC's ongoing CCOutreach Program for investment advisers and investment company chief compliance officers, the CCOutreach BD program will help broker-dealer chief compliance officers (CCOs) ensure effective communication about compliance risks, maintain effective compliance controls, and foster strong compliance programs within their firms.
"This is an opportunity for broker-dealers and their regulators to learn from one another about how best to ensure compliance with the securities laws," said SEC Chairman Christopher Cox.
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www.sec.gov/news/press/2007/2007-223.htm
My my... maybe they can babysit the brokers better now??? I thought that was all about "SELF" regulation, no?
Similar to the SEC's ongoing CCOutreach Program for investment advisers and investment company chief compliance officers, the CCOutreach BD program will help broker-dealer chief compliance officers (CCOs) ensure effective communication about compliance risks, maintain effective compliance controls, and foster strong compliance programs within their firms.
"This is an opportunity for broker-dealers and their regulators to learn from one another about how best to ensure compliance with the securities laws," said SEC Chairman Christopher Cox.
----------
www.sec.gov/news/press/2007/2007-223.htm
My my... maybe they can babysit the brokers better now??? I thought that was all about "SELF" regulation, no?