Category: Press

Guy Talarico Quoted on SEC Ethics Probe in WSJ

WSJ Article November 11, 2013

Guy Talarico, CEO and Founder of Alaric Compliance Services, LLC was quoted in the November 11, 2013 WSJ Article Financial Holdings of Some SEC Staffers in New York Probed by Rachel Louise Ensign and Christopher M. Mathews. The article discussed the SECís compliance program and their policies and procedures around monitoring employee trades.

Excerpt from Article:

“The SEC’s ethics office in fiscal 2012 analyzed more than 17,000 employee trading requests.

“Using direct feeds of brokerage data is becoming a preferred practice in the private sector because it makes compliance more efficient, industry experts say, though it won’t catch those who don’t disclose their accounts to their employer.

“‘Many financial-services companies with more than 50 employees employ these feeds,’ said Guy Talarico, founder and chief executive of Alaric Compliance Services LLC, which consults with financial-services firms on their compliance programs. ‘I’m seeing compliance officers screaming to have that process put in place. It’s pretty cost-effective.'”

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