compliance department

Definition

The department within a brokerage or stock exchange that oversees trading and other activities to ensure that SEC regulations are being adhered to. also called compliance unit.

Use this term in a sentence

You should always make sure that you have a good compliance department in place that keeps you on the right track.

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I received an angry letter from my stockbroker's compliance department after they suspected me of violating various SEC regulations with my trading.

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John worked in the compliance department. He often had to monitor different departments in the company and verify they were following policies and procedures.

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