The former chief compliance officer of Cavco Industries has been charged by the Securities and Exchange Commission (SEC) with internal accounting control failures and for misleading the Arizona-based manufactured home company’s auditor regarding an insider trading matter.

Daniel Urness was Cavco’s chief financial officer from 2005-18, in addition to serving as CCO from at least 2014 to August 2018. He is charged with aiding and abetting the company’s violation of securities laws. The SEC is seeking permanent injunctive relief and civil penalties in the case.

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Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal,...