Compliance Due Diligence Investors will rely on Compliance Officer to ensure no regulatory laws were broken including news release, touting, insider trading, bribery and ESG.
CNBC today reported on FTX. "...When Kevin O’Leary first began to promote FTX, he said it was FTX’s compliance systems that drew him to invest in the crypto exchange.“Finally solved my compliance problems with #cryptocurrencies,” O’Leary wrote on LinkedIn and in a since-deleted August 2021 tweet.
Eventually, Delaware bankruptcy protection filings by new FTX CEO John Ray would term FTX’s risk, audit and compliance procedures “a complete failure of corporate controls.”