Sunday, 26 April 2015

Cooperating with Regulators? The Pros and Cons

From Wealth -

“While securities regulators say self-reporting offenses and cooperating with authorities may help advisors and firms get off easier, industry lawyers say there are negative consequences, including reputational damage and costly internal investigations.

When the Justice Department assesses an appropriate resolution in a case, a major determining factor is whether there’s been cooperation with enforcement, said Bill Stellmach, principal deputy chief of the fraud section at the DOJ, during the Practising Law Institute’s enforcement seminar Friday.’

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