8c. ALL LAB - Compliance Escalation and Remediation (Intermediate - CLOSED)
This lab will address escalation and remediation when potential violations of firm policies and procedures are detected. In most instances, firm policies and procedures do not specify specific escalation policies or sanctions for violations, so how to respond is subjective. Attendees will go through exercises where they will need to assess the severity of the violation and pursue remediation based on a range of potential sanctions.
This session is closed to both regulators and members of the press.
The following learning objectives will be met using case studies, examples, group discussions, and other hands-on activities:
Discuss how to judge the severity of various compliance violations.
Learn about the spectrum of possible actions to escalate issues.
Consider when to escalate to internal Counsel, Senior Management, the Board, and/or external Legal Counsel.
Review various escalation scenarios and potential responses.
