Broker-dealers and their affiliates have been the recent target of multi-state unclaimed property audits conducted by contingent fee escheatment audit firms. This webinar will discuss the essential unclaimed property laws applicable to brokerage accounts, 401K plans and related financial products and services as well as the novel theories that have been advanced by auditors and imposed in settlements resolving these audits. The seminar also will address the extent to which adopting such escheat practices creates tension with other regulatory requirements and exposes broker-dealers to potential litigation or other challenges.
Speakers
- Hardy Callcott, Partner, Sidley Austin LLP, San Francisco
- Carol Lynn Thompson, Partner, Sidley Austin LLP, San Francisco
- Paul Tyrrell, Partner, Sidley Austin LLP, Boston
For more information or questions, please contact sfevents@sidley.com.
Sidley Austin LLP is a State Bar of California approved MCLE provider, as well as a New York Accredited provider of NY CLE credit, an Illinois Accredited provider of IL CLE Credit, and an approved sponsor of Texas CLE credit. CLE credit is pending for this program.
