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Wall Street’s Most Thankless Job – Compliance Officer

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February 3, 2016

Dear Friends,

This morning the Wall Street Journal published an article on ” The Most Thankless Job on Wall Street” – compliance officer.

According to the article, recent enforcement actions that have found compliance officers personally liable are driving experienced people to be more cautious about the profession – compliance officers say they feel unfairly singled out. Nevertheless, the demand for qualified compliance professionals is driving up salaries.

The SEC contends that it is not targeting compliance personnel, as we alerted you in a previous update. Yet according to the article, compliance executives are increasingly seeking their own lawyers, asking for more protection in their employee contracts and requesting liability coverage.

Please click here for a link to the Wall Street Journal article. Feel free to contact us with any questions at (212) 867-0200 or email us at info@counselworksllc.com.

Thank you,

CounselWorks

About CounselWorks LLC

CounselWorks is a strategic business and regulatory consulting firm, that provides project-based consulting and manages compliance and regulatory programs for hedge funds, private equity firms, investment companies, broker-dealers and investment banks.
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