Supervision

Supervision is the obligation on a regulated firm to oversee its people and detect misconduct. Failure to supervise is an independent charge, so a firm can be liable even where it neither knew of nor participated in the manipulation.

compliance and practice · updated 2026-09-08

See also

• Compliance — Compliance is the function inside a regulated firm responsible for ensuring it follows applicable rules. In manipulation matters, …
• Control failure — A control failure is a breakdown in the systems meant to prevent or detect misconduct. Many large penalties are imposed for contro…

Terms that refer here

Compliance · Control failure

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