When corporate misconduct comes to light, the Securities and Exchange Commission (SEC) may require companies, broker / dealers, investment advisers and others to engage a compliance monitor as part of a settled enforcement action. But what can an organization expect when the SEC imposes a monitor? And how will the appointment of a monitor impact a company’s day-to-day operations?

In “SEC-Imposed Monitors,” Chapter 8 of PLI’s SEC Compliance and Enforcement Answer Book (2021 Edition), Jonny Frank, DOJ-appointed Independent Compliance and Business Ethics Monitor to Deutsche Bank, DOJ Independent Auditor to a Top 5 automotive manufacturer, remediation consultant to a Northern European bank, and Ethics & Compliance adviser to the SEC-appointed Independent Consultant of a large public accounting firm, provides real-world insight into what companies can expect when working with a monitor. He also addresses SEC and DOJ guidance for determining whether to impose a monitor, the monitor’s responsibilities and other terms of the monitor’s engagement.

Read an excerpt from the chapter.

Posted In:

Meet the Authors

About the Authors

Jonny Frank StoneTurn

Jonny Frank

Jonny Frank brings over 40 years of public and private sector and law and business school teaching experience in forensic investigations, compliance, and risk management. He helps organizations and counsel […]

Read Bio