A veteran Securities and Exchange Commission compliance examiner in the New York regional office was charged with making false statements related to prohibited financial holdings, Manhattan federal prosecutors and the SEC's inspector general said Tuesday. SEC officials have warned that examinations of investment advisers will focus, among other things, on the adviser's controls over personal trading by their employees. The alleged conduct shows that employee certifications and attestations, and even training and one-on-one talks with supervisors, may not be enough to deter an employee who is intent on violating the rules. The examiner, Steven Gilchrist, who allegedly has worked at the New York office since 1996, lied numerous times about his ownership of various securities he was prohibited from holding under SEC ethical rules, U.S. Attorney Preet Bharara and SEC IG Carl Hoecker said. "As an SEC examiner, Steven Gilchrist had a duty to avoid conflicts of interest that might
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