DOJ, SEC Offer Dialogue, Understanding as Enforcement Continues During Pandemic

Officials from the DOJ and SEC are encouraging companies to be open with enforcement authorities about the reasoning behind any hardships they are experiencing when cooperating with the government and maintaining compliance standards. At two recent panels, one sponsored by Ropes & Gray and one by ACI and C5, senior officials from the DOJ, SEC and FBI repeatedly stressed that the government is prepared to be reasonable about challenges during the pandemic. “Everyone is trying to do their best to be understanding and work with the companies and to make sure that we are not placing undue burdens on an already burdened society,” said Daniel Kahn, Senior Deputy Chief of the DOJ’s Fraud Section. We summarize the key takeaways from both panels. See “How Compliance Departments Are Responding to COVID‑19” (May 13, 2020).

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