Description:

Even the most diligent firms with strong and effective Risk Management processes in place can find themselves facing major problems. When risk events inevitably occur, will you know how to respond? The importance of successfully managing and containing these situations cannot be overstated.

Our experts will outline the red flags of a systemic problem and immediate steps to take and the pitfalls to avoid. They will sort out the approaches that are appropriate to different situations that include:

• trade errors
• breaches of client investment guidelines
• rogue employees;
• information breaches
• misrepresentations as to the value of assets or performance
• failure to disclose conflicts of interest such as such as soft dollar arrangements; and regulatory violations

The session will also cover how to protect, encourage and respond to legitimate whistleblowers and deal with aggrieved clients. Guidance will be offered for conducting internal investigations and steps to take with respect to mitigation, notification and escalation, employment of counsel and/or outside reviewers, legal privileges, and other critical decisions you will have to make. Other topics will include private litigation, self-reporting to regulators, enforcement proceedings, and dealing with press inquiries. Your preparedness can mean the difference between successfully addressing a problem or facing major regulatory consequences.
 

For whom:

Compliance officers, legal counsel, internal auditors, managers and any person who has day-to-day risk management responsibilities.
 

Pre-requisites for participation:

No prerequisites are required. However, attendees can benefit by reviewing the Advisers Act of 1940, and the Securities and Exchange Act of 1934