DID YOU THINK THAT THEY WOULDN’T COME AFTER YOU?
DID YOU THINK YOU DIDN’T NEED COUNSEL BECAUSE IT WAS JUST A DOCUMENT REQUEST?
ARE YOU KICKING YOURSELF THAT YOU DIDN’T TAKE THE DEPOSITION MORE SERIOUSLY?
DO YOU REALIZE HOW MUCH HARDER YOU JUST MADE IT FOR YOURSELF BY DEALING WITH IT BEFORE IT BECAME A FORMAL INVESTIGATION?
can feel like there is nothing worse than facing a fine, enforcement action, or litigation at the hands of a state regulator, the SEC, or FINRA. At the end of the day, you and your firm are the deep pockets and regulators want to scare you into filling their coffers.
Simple failures can lead to HUGE fines.