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Tag: Osunkwo

handcuffs

Follow Up on the Osunkwo CCO Liability

Doug Cornelius September 6, 2017September 12, 2017 CCO Liability   [+]

I was quite bothered by the Osunkwo CCO liability case that, on its face, sanctioned a CCO for misstating a firm’s assets under management. A few years ago, the SEC had expressed an unwillingness to prosecute CCOs, except in three extreme circumstances: Participating in the wrongdoing Hindering the SEC examination or investigation Wholesale failure None of … Read more »

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