Microcaps, Big Frauds – Understanding and Preventing Fraud in Over-the-Counter Markets
Featured Speakers :
Becki is the Compliance Officer for CSI, Inc. where she serves as a compliance consultant both internally and with CSI’s clients which include money services businesses, insurance, FinTech and banks. She is a frequent speaker on financial crime at domestic and international events. Prior to joining CSI, she served as the Chief AML Officer for one of the largest networks of independent broker-dealers in the United States. Her team was responsible for reviewing and investigating activity across the financial crime spectrum including AML, fraud, and sanctions. Becki has also served as an Associate Director and Lead Compliance Trainer for FINRA®. FINRA® is the largest independent regulator of the securities industry in the United States. She developed and delivered training and provided guidance and consultation on open examinations and investigations specific to fraud and AML. She possesses 20 years of financial services experience including 8 years in the banking industry. Becki is a member of the CFCS Charter Class. She is an alumnus of Penn State University.
Complimentary webinar, presented by ACFCS
OTC Market stocks are a very popular way to add diversity to a client’s portfolio of securities. It provides an opportunity for both the investor and issuer to have an economical way to invest in a variety of companies, including start-ups as well as established international and domestic companies.
Unfortunately, it is also a place where fraudsters have found success. This webinar will give a high level overview of the OTC Markets platform, including a lot of free tools that can be found directly on their website to help you determine your risk appetite and mitigate your fraud risk.
We will share real world examples of ways fraudsters use this platform and how you can spot this at your firm, and ultimately make it difficult for fraud to occur in this space.
At the end of the session, you will be able to:
- Explain how some over the counter stocks pose an increased risk for securities fraud
- Describe various market manipulation schemes
- Determine best practices to build your firm’s risk program specific to securities fraud
This session is eligible for 1 CFCS credits.
Important note for ACFCS members: Please register using the same email address tied to your member account.