Don't cut back on compliance now!

We've noted that the most recession-proof IT applications tend to be linked to risk management and compliance. The Securities and Exchange Commission certainly thinks this is the case. Officials have been on their soap boxes as of late. In a recent letter to CEOs, director Lori Richards wrote: "While many firms are considering reductions and cost-cutting measures, we remind you of your firm's legal obligation to maintain an adequate compliance program reasonably designed to achieve compliance with the law." Until he left, Christopher Cox was also on the stump. This is no time to let up. Article