I am finding that a fast way to a regulator’s heart is through a predictable and consistent compliance system. To be clear, I consider a compliance system predictable and consistent when it includes components that, while not necessarily automated per se, have definable and verifiable features that effectively control components of the compliance function without the judgment of humans. In other words, it should contain systemic components of an overall compliance system that, by definition, create verifiable and consistent outcomes.
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Ari Karen is an experienced litigator and speaker who has focused his practice in representing financial institutions in both government investigations and litigation before state and federal trial and appellate courts nationwide.
Mr. Karen’s practice is diverse, representing clients on matters concerning banking regulations, Dodd Frank financial reform laws, contractual disputes, employment and labor statutes, wage-hour class actions, employment discrimination and fair lending matters, whistleblower complaints and non-competition claims, among others.