Overview
In this self-study webinar taken from our SEC Conference, you will discover the latest issues that the SEC is targeting, what factors trigger investigations and enforcement actions, and the possible outcomes. You will also learn the best ways to avoid trouble and how to handle SEC investigations and enforcement actions if they do come your way.
AGENDA HIGHLIGHTS
• SEC Enforcement Actions, Penalties, Trends & Priorities
• Sources of Investigations
– SEC Whistleblower Program
– Division referrals
– Proactive enforcement efforts
– Public information (news, analysts, etc.)
– Self-reporting
– Other regulators, such as FINRA and stock exchanges
• SEC Investigation Process
– Arsenal of SEC enforcement weapons
– Focus on conduct of individuals
– SEC financial reporting enforcement trends
– Examples of specific risks for initiation of SEC investigations
– SEC accounting investigation objectives
– Some areas SEC investigators will scrutinize
– Key considerations
– Best practices for accounting and reporting compliance
– Common mistakes made by public companies
• Financial Reporting & Audit Group
• Foreign Corrupt Practices Act (FCPA)
• SEC Focus on Cyber: Disclosure & Internal Controls
LEARNING OBJECTIVE To update accountants and other financial professionals on the latest SEC enforcement issues, and show them
the best ways to avoid problems and handle SEC investigations.
PREREQUISITE None. ADVANCE PREPARATION None. PROGRAM LEVEL Update. NASBA FIELD OF STUDY Accounting.
DELIVERY METHOD Self-Study.
Speakers
SPEAKERS
Ivan Harris, Partner, Morgan, Lewis & Bockius LL
Jessica Matelis, Attorney, Securities Enforcement & Litigation, Foley & Lardner
Detailed Learning Objectives
• Identify the SEC’s overall approach to enforcement messaging to marketplace participants
• Identify the amount of FY 2019 penalties and disgorgements obtained by the SEC from marketplace participants
• Recognize those individuals the SEC considers individually accountable for issuers’ financial transparency
• Recognize the monetary sanction threshold for receipt of a financial award under the SEC’s whistleblower program
• Recognize the trending degree of activity within the SEC’s whistleblower program
• Identify those enforcement weapons at the disposal of the SEC enforcement division
• Recognize the relative degree to which the SEC charged individuals when taking stand-alone enforcement actions
• Identify individual SEC accounting investigation objectives
• Identify the current SEC accounting areas of focus
• Identify the investigative approaches utilized by the SEC’s Financial Reporting and Auditing Group
