MEMBER HIGHLIGHT - SER member Mike Evans wrote an article for the American Bar Association (ABA) titled "The Compliance Expert Advantage: A New Field Of Expertise In Financial Litigation". He discusses the benefits of bringing on a compliance expert early in financial industry litigation where compliance, controls, governance, and supervisory oversight are at issue. Mike refers to Compliance Departments as the "controls-implementers and fraud-preventers", and explains that "[a]t trial, a compliance expert can aid judges and juries in understanding those regulatory and policy standards required to be implemented to protect consumers, investors, and other stakeholders". He further discusses four areas your compliance expert must know as well as how the expert can assist getting the best possible outcome. A former Global Head of Financial Markets Compliance, Mike is the founder of Vega Compliance, a consulting, regulatory support, and expert witness firm. The full article, published on April 21st, can be found on the ABA's website (subscription may apply), or a pdf version on the Vega Compliance website.
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