Expert Witness Testimony Helps in Regulatory Compliance Cases

Banks have to adhere to strict, detailed regulations set forth by various governmental agencies, including the U.S. Securities and Exchange Commission, the Federal Deposit Insurance Company, and the Federal Reserve System. After the financial crisis the country faced in 2008, these agencies began taking great pains to ensure that banking institutions were taking these regulations seriously. Because of this intense scrutiny, many banks were found to be somewhat lax in enforcing government-mandated regulations. This resulted in many cases being brought to court focused on regulatory compliance.

Regulatory compliance cases aren’t always black and white. In many instances, juries are presented with testimony from economists who may be educated in the financial world, but lack the hands-on experience necessary to fully explain regulatory compliance and its importance. Banking expert witness testimony, like the testimony that can be provided by Michael F. Richards, can provide not only detailed facts about regulatory compliance, but also reinforce its importance in the workplace by relating real-world experiences to the jury.

Michael F. Richards has been heavily involved in the financial world for two decades, and this in-depth experience brings an authoritative voice to any regulatory compliance case. Having your jury understand the facts and nature of regulatory compliance is crucial in any regulatory compliance case, and Michael F. Richards can help bring that necessary clarity.