As part of its work to prevent fraud and misconduct, the Securities and Exchange Commission (SEC) will often engage independent third parties to assess and oversee a company’s compliance efforts. For example, the SEC can require companies, broker / dealers, investment advisers and others to engage a monitor to resolve an 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 9 of PLI’s SEC Compliance and Enforcement Answer Book (2020 Edition), Jonny Frank, DOJ-appointed Independent Compliance and Business Ethics Monitor to Deutsche Bank, the DOJ-appointed Independent Auditor to a Top 10 automotive manufacturer, the SEC-approved Independent Consultant to a Big Three credit rating agency and, more recently, the compliance consultant to a Northern European Bank, provides real-world insight into what companies can expect when working with a monitor. Jonny 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.

Click here to read an excerpt from the chapter.

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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 […]

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