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One of the main goals of any securities firm, whether a global financial services organization, investment bank, broker-dealer, specialist firm, investment adviser, mutual fund or hedge fund is that it maintain effective and comprehensive policies, procedures and internal controls designed to ensure compliance with applicable regulatory requirements. Additionally, as the regulatory landscape continues to shift and regulators and prosecutors continue to scrutinize various practices in the securities industry, it is even more important that a firm’s compliance program be continually re-evaluated, and when necessary, changed, so that regulatory compliance is maintained.
HOW CAN DAYLIGHT HELP
Failures in the development and execution of an effective compliance program can lead to civil and criminal liability for a firm, its officers and directors, monetary fines and damages, potential loss of market share, and perhaps worst of all, the sullying of the reputation the firm has worked so hard to build. More importantly, such failures can also undermine investor confidence in and the integrity of the capital markets. Daylight can help firms avoid these pitfalls by conducting an in-depth review and assessment of the firm’s current compliance program and developing and implementing the necessary solutions to ensure that the program not only satisfies existing regulatory requirements, but is also flexible enough to respond to regulatory changes.
Daylight can formulate, provide and conduct training and educational programs for a firm’s employees that contain relevant and timely information regarding the importance and operation of all facets of the compliance program.
Our team includes former regulators and compliance officers, former federal and state prosecutors and law enforcement personnel, forensic accountants, certified public accountants, and forensic technology professionals who have extensive experience with the investigative and compliance aspects of the following securities-related issues:
- Anti-money laundering and terrorist financing
- Broker-dealer and investment adviser supervisory obligations
- Mutual fund market timing and late trading
- Equity sales practices and order handling issues
- Financial operations
- Fraud and misconduct, including the misuse of confidential information
- Receipt and conferment of gifts and gratuities
- Development and maintenance of informational barriers between research and investment banking departments
In addition, Daylight personnel have designed, implemented and personally conducted training programs in connection with many of these topics. We can tailor a program to the specific needs and desires of any client, including live, web-based and video training. If your company is already involved in an investigation or is seeking to avert one, our team can help.
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