• An Olympiad Analysis of SEC, FINRA and Treasury Department Enforcement Actions against Compliance Officers
  • May 8, 2018 | Author: Brian L. Rubin
  • Law Firm: Eversheds Sutherland (US) LLP - Washington Office
  • The Olympics . . . for different people, it conjures up different thoughts. Once every four years, the most skilled athletes from across the globe gather for the Olympic Winter Games, eager to compete and bring back gold for their countries (and not embarrass themselves by falling too many times or by splitting their pants). We all have favorite memories—the Jamaican bobsled team, Tonya Harding, Apolo Ohno, Kristi Yamaguchi—and the list goes on. This year’s Olympics in Pyeongchang, South Korea, will be no different. But for compliance officers of broker-dealers (BDs) and investment advisers (IAs), it’s about the rules and the glory of knowing the athletes are doing the right thing. Well . . . maybe it’s just a distraction from everyday life. In any event, the Olympics can provide valuable lessons for compliance officers of BD and IAs whether you believe that “[t]he Olympics are a wonderful metaphor for world cooperation, the kind of international competition that’s wholesome and healthy, an interplay between countries that represents the best in all of us,” or whether you believe that “[s]kiing combines outdoor fun with knocking down trees with your face.”