The Girl with the SEC/FINRA Tattoo: Disciplinary Actions Taken Against Chief Compliance Officers (November 2010 – June 2011)


Mikael Blomkvist: “The job I was offered, and which inexplicably I agreed to do, is without a doubt the most bizarre assignment I’ve ever undertaken.”

In the international runaway bestseller The Girl With the Dragon Tattoo, Mikael Blomkvist, a journalist, and Lisbeth Salander, an investigator with a dragon tattoo, a wasp tattoo, as well as others (but not, as far as we know, an SEC or FINRA tattoo) were given the bizarre job of trying to find out who murdered someone 40 years earlier. For some people, the position of a chief compliance officer (CCO) for a brokerdealer or investment adviser may seem bizarre because CCOs often have the job of giving advice and telling people what to do, how to do it, or what not to do, but they don’t have the power to enforce their decisions or carry out their message. Because of the key function played by CCOs, their conduct is often carefully scrutinized by the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA), resulting in “marks” or “tattoos” such as fines or suspensions.

Please see full article below for more information.

LOADING PDF: If there are any problems, click here to download the file.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Eversheds Sutherland (US) LLP | Attorney Advertising

Written by:


Eversheds Sutherland (US) LLP on:

Readers' Choice 2017
Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.

Already signed up? Log in here

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.