Can a CO be Fired for Doing Their Job?

A recent article in NSCP Currents focused on the potential issues that may arise when a compliance officer must confront senior management for potential regulatory violations.  The article summarizes a case reported on by Bloomberg News in 2008 about a compliance officer who filed suit against his former firm claiming he was terminated as a result of accusing a principal owner of the firm of front running clients.  The article proceeded to address some relevant case law on the area of termination, but as of the date of publication, the case was still pending in the New York court system.

Leave a Reply