Civil Investigative Demands, Subpoenas and More: How to Prepare for the Government's Renewed Focus on Financial Services

more+
less-
The U.S. government continues to ramp up investigations and enforcement actions against banks, mortgage companies and other financial services companies, including using tools such as the False Claims Act and its power to issue civil investigative demands (CIDs). For example, in May, the federal Residential Mortgage-Backed Securities Working Group, a joint effort by the Securities and Exchange Commission, the Department of Justice (including many U.S. Attorneys' Offices), the New York State Attorney General, and others to investigate See more +
The U.S. government continues to ramp up investigations and enforcement actions against banks, mortgage companies and other financial services companies, including using tools such as the False Claims Act and its power to issue civil investigative demands (CIDs). For example, in May, the federal Residential Mortgage-Backed Securities Working Group, a joint effort by the Securities and Exchange Commission, the Department of Justice (including many U.S. Attorneys' Offices), the New York State Attorney General, and others to investigate alleged misconduct in the mortgage-backed securities market, appealed on its Web site for whistleblowers to report wrongdoing, and noted that whistleblowers could earn "substantial rewards" not only under the Dodd-Frank Wall Street Reform and Consumer Protection Act, but also the False Claims Act and the Financial Institutions Anti-Fraud Enforcement Act.

Join our panel for an instructive one-hour webinar to learn more about the government's investigative trends and what you can do to prepare should the government come calling. Topics covered include:

* the laws and tools at the government's disposal, and how you should prepare for and respond to them, including CIDs, FIRREA subpoenas, grand jury subpoenas, and informal requests from prosecutors or regulators

* the importance of having a plan in place before you get the request and what should your plan contain

* how to prepare for an enforcement action.

Moderator

Richard P. Eckman, Chairman, Financial Services Practice Group, Pepper Hamilton LLP

Panel

Frank A. Mayer, III, Partner, Pepper Hamilton LLP and former senior attorney with the FDIC

Kristin Hynd Jones, Partner, Pepper Hamilton LLP and member of the Steering Committee, American Bar Association, Young Lawyers’ Division, White Collar Crime Section, Philadelphia Chapter See less -

Embed Video

Copy

Published In: Business Organization Updates, Finance & Banking Updates, Securities Updates

Other Videos by Pepper Hamilton LLP