Financial Regulation and Compliance : How to Manage Competing and Overlapping Regulatory Oversight.

Intro -- Financial Regulation and Compliance -- Contents -- Foreword -- Preface -- Acknowledgments -- About the Author -- 1 Jurisdiction of Regulators - Who Regulates Whom and What -- 1.1 Federal Financial Regulatory Structure -- 1.2 The Securities and Exchange Commission (SEC) -- 1.3 The Financial Industry Regulatory Authority (FINRA) -- 1.4 The Commodity Futures Trading Commission (CFTC) -- 1.5 The National Futures Association (NFA) -- 1.6 The Department of Justice (DOJ) -- 1.7 Recent Regulatory Failures to Uncover Fraud -- 1.8 Expert Advice on Overlapping Regulations -- 2 How to Strengthen Governance and Compliance in Light of New Regulations -- 2.1 Dodd-Frank Acts Impact on Governance and Compliance -- 2.2 Managing Executive Compensation -- 2.3 Creating Effective Policies and Procedures -- 2.4 Ensuring Accountability within an Organization -- 2.5 Red Flags of an Unethical Culture -- 2.6 Ethical Decision-Making -- 3 How to Manage Whistleblowers' Complaints -- 3.1 Oversight and Failures of the SECs Whistleblower Program -- 3.2 The Dodd-Frank Acts Restructuring of the SECs Whistleblower Program -- 3.3 Whistleblower Complaints to the SEC since the Restructuring of its Program -- 3.4 The CFTCs New Whistleblower Program -- 3.5 Significant U.S. Supreme Court Decision on Whistleblower Complaints -- 3.6 Managing Complaints Brought to Internal Compliance Officials -- 3.7 Putting Appropriate Whistleblower Policies and Procedures in Place -- 3.8 Effect of the SEC and CFTCs New Whistleblower Programs -- 4 How to Defend SEC Examinations -- 4.1 SEC Authority to Conduct Examinations -- 4.2 SECs Office of Compliance Inspections and Examinations (OCIE) -- 4.3 Types of SEC OCIE Exams -- 4.4 Preparation for the Exams -- 4.5 Process of Examinations -- 4.6 How the SEC Exam Concludes -- 4.7 SEC OCIE Examination Trends -- 4.8 Not Underestimating the SEC Examiners.

5 How to Defend FINRA Examinations -- 5.1 FINRA Qualification Standards and Rules and Regulations -- 5.2 FINRAs Risk-Based Approach -- 5.3 FINRAs Regulatory and Examination Priorities -- 5.4 Differences between FINRA and SEC Exams -- 5.5 Types of FINRA Exams -- 5.6 Conduct of FINRA Exams -- 5.7 How the FINRA Exam Concludes -- 5.8 Educating the FINRA Examiners -- 6 How to Defend an NFA Examination -- 6.1 Types of Entities under the Jurisdiction of the NFA -- 6.2 Impact of the Dodd-Frank Act -- 6.3 NFA Examination Process -- 6.4 Preparing for an NFA Exam -- 6.5 Length and Conduct of the NFA Exam -- 6.6 How the NFA Exam Concludes -- 6.7 CFTC Examinations -- 6.8 Focusing on Strict Compliance with the Regulations -- 7 How to Defend SEC Enforcement Actions -- 7.1 SECs Law Enforcement Function -- 7.2 How SEC Enforcement Actions Are Triggered -- 7.3 Commencement of an SEC Enforcement Action -- 7.4 Converting the Inquiry to a Formal Investigation -- 7.5 Discovery Conducted by the SEC -- 7.6 The SEC Enforcements "Wells" Process -- 7.7 Use of Experts in SEC Enforcement Proceedings -- 7.8 Settlement Discussions -- 7.9 Trends in SEC Enforcement -- 7.10 Minimizing Exposure in an SEC Enforcement Case -- 8 How to Defend FINRA Enforcement Actions -- 8.1 FINRA Disciplinary Actions -- 8.2 FINRA Enforcement Process -- 8.3 FINRAs Formal Proceeding -- 8.4 Challenges of FINRA Enforcement Process -- 8.5 Conduct of the FINRA Hearing -- 8.6 Settlement Possibilities -- 8.7 Disciplinary Sanctions Available to FINRA -- 8.8 Right to Appeal Decision of Hearing Panel -- 8.9 Recent Trends in FINRA Enforcement -- 8.10 Mounting an Aggressive Defense -- 9 How to Defend CFTC Enforcement Actions -- 9.1 Increased Aggressiveness on the Part of CFTC Enforcement -- 9.2 Types of Enforcement Actions Brought by the CFTC -- 9.3 Triggers for CFTC Enforcement Actions.

9.4 CFTC Enforcement Process -- 9.5 Differences between CFTC and SEC Enforcement Proceedings -- 9.6 The CFTC "Wells" Process -- 9.7 CFTC Enforcements Use of Experts -- 9.8 Settlement Discussions -- 9.9 CFTC Enforcements Use of Administrative Proceedings -- 9.10 Trends in CFTC Enforcement -- 9.11 Flawed Assumptions about CFTC Enforcement Process -- 9.12 Strategies for CFTC Enforcement Cases -- 10 How to Defend NFA Enforcement Actions -- 10.1 NFA Disciplinary Actions -- 10.2 How Complaints Are Triggered -- 10.3 Investigative Process -- 10.4 Settlement -- 10.5 The Hearing Panel and Hearing Committee -- 10.6 Conduct of the Hearing -- 10.7 Written Decision after the Hearing -- 10.8 Appeal of an Adverse Decision -- 10.9 The MRA Procedure -- 10.10 Types of Penalties Assessed by the NFA -- 10.11 Number and Types of Disciplinary Actions -- 10.12 Trends in NFA Enforcement -- 10.13 Preparing a Defense -- 11 How to Participate in the Regulatory Comment Process -- 11.1 Dodd-Frank Rulemaking -- 11.2 SEC Rulemaking Process -- 11.3 Candidates for Comments -- 11.4 Role of Trade Association in Comment Process -- 11.5 Content of the Comment Letter -- 11.6 Approaches to an Effective Comment Letter -- 11.7 Significance of the Economic Impact of Proposed Regulations -- 11.8 Requesting Meetings with Agency Officials -- 11.9 Submitting Comments after the Deadline -- 11.10 Learning about Rulemakings -- 11.11 Assistance from Outside Counsel -- 12 How to Defend FCPA Claims -- 12.1 FCPA Provisions -- 12.2 FCPA Enforcement Authority -- 12.3 Violations of the FCPA -- 12.4 Penalties for Violating the FCPA -- 12.5 FCPA Exemptions -- 12.6 DOJSEC Guidance -- 12.7 The U.K. Bribery Act -- 12.8 Devising Effective Compliance Programs -- 12.9 Training on Compliance Standards -- 12.10 Achieving a Culture of Compliance -- 12.11 Risk-based Due Diligence and Monitoring.

12.12 Conducting FCPA Compliance Assessments -- 12.13 Importance of Risk Assessment -- 12.14 Management of Third Parties -- 12.15 Conducting Due Diligence on Acquisition Targets -- 12.16 The Triggers for an FCPA Enforcement Action -- 12.17 Self-disclosing Violations -- 12.18 Reducing Exposure -- 13 How to Conduct Internal Investigations -- 13.1 Limiting Exposure through Effective Internal Investigations -- 13.2 Lessons Learned from High-profile Investigations -- 13.3 Commencing the Internal Investigation -- 13.4 Retaining an Outside Investigator -- 13.5 Initial Steps of Investigation Process -- 13.6 Methods of Obtaining Information -- 13.7 Collecting Documents -- 13.8 Strategies for Conducting Interviews -- 13.9 Briefing Management during an Investigation -- 13.10 Drafting the Investigative Report -- 13.11 Incorporating Recommendations for Improvement -- 13.12 Protecting Files Associated with Internal Investigation -- 13.13 Retaining the Investigative Report -- 14 Conclusion -- 14.1 Overlapping Jurisdictions after the Dodd-Frank Act -- 14.2 Regulatory Failures Post-Financial Crisis -- 14.3 Improving of Coordination between Regulatory Agencies -- 14.4 Understanding the Regulatory Climate -- About the Website -- Index -- EULA.

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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.