A Culture of Compliance

posted in: Compliance | 0

Some really telling quotes by Harvey Pitt, the former SEC Chairman, from a NY Times article about compliance (in reference to SAC Capital Advisors and their (lack of a) culture of compliance):

“When it comes to compliance, you have to live, eat, breathe and drink it.”

In talking about SAC’s compliance program:

“My sense was that it was a check-the-box mentality, not a serious commitment”