SEC sanctions chief compliance officer for failing to stop insider-trading scheme
Julie DiMauro
June 17, 2014
The SEC sanctioned the former president and chief compliance officer of Private Capital Management Inc. for failing to stop an insider-trading scheme involving an employee at his firm.
Thomas E. Meade was cited for supervisory failures at the Denver-based investment adviser after he agreed, without admitting or denying the SEC’s findings, to be censured and barred from serving in a compliance or supervisory capacity at a broker-dealer, transfer agent or investment advisory company.… Continue Reading