Steve Huggard Quoted in The Wall Street Journal on Canned Compliance Programs
January 30, 2018 - Steve Huggard commented on canned compliance programs after regulators in Texas told investment firms that too many companies are relying on these programs. Huggard noted, “I think in years gone by, a canned compliance program was the norm. There was a misguided belief that a compliance program was a compliance program.” Huggard said that bigger, more sophisticated companies have moved beyond that view, while other companies are changing their stances and that they’ve been incentivized by government investigations and enforcement actions.
To read the full article, click here