Dr. Susan Mangiero, Jonathan Morris, Brian Ong, Karen Tyler
Economic growth may be anemic but fraud continues to find a life of its own. According to the Financial Fraud Research Center, at least 30 million people are impacted by fraud each year with an annual cost of $100 billion for retail fraud alone. In a 2011 speech, the head of the U.S. Securities and Exchange Commission discussed how key offices and divisions are working together in all areas of its anti-fraud efforts and how the SEC is collaborating more frequently with state regulators, criminal prosecutors or local nonprofits in an effort to weave these initiatives into an increasingly fine-meshed net that is focused on fighting fraud. While the U.S. Department of Labor is not exclusively focused on fraud, enforcement teams have been busy with a closure of nearly 3,500 civil cases and 302 criminal cases, monetary results of $1.39 billion and 129 indictments.
Surprisingly, there is little information available to institutional and individual investors alike as to how to mitigate the risk of losing money to fraudsters. The goal of this webinar is to empower investors to better protect themselves with knowledge of situations to avoid whenever possible. Attendees will hear experts talk about:
• Common causes of investment fraud;
• Enforcement and litigation trends relating to investment misdeeds;
• Lessons learned from financial scandals of the last decade;
• Role of the investment fiduciary in vetting service providers;
• Red flags to detect poor internal controls that could lead to fraud; and
• Regulatory action to stem financial fraud and preserve the integrity of the capital markets.