It’s a narrative compliance executives hear all too often: A company becomes the center of a Securities and Exchange Commission probe. The stock price then tanks, the press goes on a feeding frenzy, and senior management is left to pick up the pieces.
And that can be the outcome when the probe just ends without charges. While innocent victims have been known to get burned in these investigations, a more common theme among companies on the hot seat is that “they seem to consistently get it wrong,” said Theodore Sonde, a partner with the law firm Patton Boggs.
