RND Resources Inc holds Financial Industry Compliance Roundtable discussion group in Los Angeles CA

LOS ANGELES - April 30, 2015 - PRLog -- The focus for the upcoming June 3, 2015 Roundtable meeting is a discussion on Insider Trading rules and violations, and staff training programs to reduce risk.

Often times firms fall in to the trap of believing “Our Executives know the rules, are too ethical to commit insider training, and do not need annual training.”  However, as a consultant to firms in trouble, RND Resources knows this can be a costly myth to rely upon.  Case history shows that not only have executives been involved in insider trading scandals, but corporate secretaries, relatives, and employees have found themselves at the center of lawsuits and investigation by the SEC. Any employee at a firm who is aware of prior trading knowledge is a potential threat or risk with insider information. This includes; marketing, accounting, sales, and executive staff. Customer service staff may even be involved in insider trading schemes.

Dave Banerjee, CEO of RND Resources, Inc, a compliance consulting firm, adds his approval for the roundtable meetings, stating "It permits a forum for discussion among market participants."

During the June 3, 2015 meeting the San Fernando Valley Compliance Roundtable will discuss: what constitutes Insider trading and what are the penalties. Some forms of insider trading schemes are obvious and other times an employee is simply uninformed about regulatory laws. Civil penalties and regulatory fines are stiff for those prosecuted of insider trading schemes. Brokerage firms are liable for the actions of their employees and agents, and need to approach their obligation to minimize risk seriously.

For compliance professionals, it is important to be able to explain to staff when information is considered non-public, and how to know when it becomes public. Many times a broker will tell their client that senior executives are buying or selling. Is this considered a violation of regulatory rules?

Find out by coming to the June 3 2015 meeting in the Woodland Hills, CA office of RND Resources, Inc  at Warner Gateway, 21860 Burbank Blvd Ste 150, Woodland Hills CA 91367. Meeting is 11:30 am to 1:30 pm. RSVP Required. A conference call line will be available for local compliance professionals who can not attend.

For more details, visit our website at www.finracompliance.com or contact Tarik Munisoglu at (818) 835-7105 or email tarik@finracompliance.com

RND Resources, Inc is a leader in full-service compliance consulting; helping investment advisers, banks, broker-dealers, hedge funds and insurance agencies meet their regulatory responsibilities. Their team of experts work closely with your business to provide full service solutions and compliance support.