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A bunch of people have speculated that this was a CYA move. I mean, if you get hired as the Compliance Officer for a company which clearly has no interest in co
by Analemma_ 3y ago
A bunch of people have speculated that this was a CYA move. I mean, if you get hired as the Compliance Officer for a company which clearly has no interest in compliance and only hired you to give a facade of respectability, you probably want to have a paper trail indicating "I clearly communicated that this was against the law, and they ignored me" for when the cops inevitably come.
- jahewson 3y agoNothing says “innocent” like observing your criminality before getting right back to participating in the crime.
- ceejayoz 3y agoIt could, if you're a whistleblower/informant. The SEC's bounty program makes it a pretty good idea. https://www.sec.gov/whistleblower https://www.sec.gov/whistleblower
- madrox 3y agoThis was my thought as well. In all likelihood, the CCO is the person who informed to the SEC. If I were in that role, I would have.