SEC Compliance: Insights from Daily Business Review on Custody Rule

Daily Business Review published an article featuring Robert Kaufman, highlighting the increasing focus of the SEC on the Custody Rule. This rule, which aims to protect customer assets, has become a top priority for compliance officers.

"The SEC is bearing down hard on chief compliance officers. CCOs need to be vigilant about their firms’ regulatory compliance to keep their companies out of hot water, but it doesn’t end there. Personal liability for firm compliance failures, instituted to make sure those CCOs had skin in the game, is real and damaging."

Understanding the implications of the SEC’s Custody Rule is crucial for businesses. Non-compliance can lead to severe penalties, affecting financial stability and operational integrity. Compliance officers must ensure their firms adhere to regulations to avoid costly repercussions.

Want to explore how SEC compliance could affect your business? Connect with our Risk Advisory team to learn more.

Read the full article in Daily Business Review