Early Steps — And Missteps — In Internal Investigations
November 6, 2013, 2:59 PM EST
Law360, New York (November 6, 2013, 2:59 PM EST) -- You are the general counsel or chief operating officer of a public corporation. The phone rings. It’s the U.S. Securities and Exchange Commission. The enforcement attorney on the other end wants to inform you that the commission is opening up a formal inquiry on your company to determine whether federal securities laws have been violated. Your company is being investigated by the SEC.
What should you do first? Who should you call? What steps should you take? What steps should you not take first? How much...