When Investigators Pile On, Make Sure You Navigate These Pitfalls
Published in Corporate Compliance Insights on November 3, 2021.
When businesses do wrong in the current climate of regulatory enforcement, they often find themselves under scrutiny from federal, state, and local agencies. In this eventuality, one can take some steps (and avoid others) to mitigate the impact.
All companies dread the idea of a federal, state or local regulator investigating their business practices. These days, instead of a single investigation, a company can expect that an initial investigation will spark concurrent and future investigations by other regulators. These seemingly endless investigations require substantial time, effort and energy better spent elsewhere. These resources are put to the test when the company faces investigation after investigation and is forced to make decisions that do not affect just one regulator.
Review benchmark goals in obtaining a global release of all potential liability associated with the business practice at issue and learn about solutions to some of the numerous pitfalls that often occur during an investigation. By following these steps and planning for the unplanned, a company can navigate the complexities of a multifront regulatory investigation.