What Evidence Is Necessary to Prove a Failure to Supervise Claim? - Transcript

So interestingly in a failure to supervise what you really need to look for are those exception reports those notes of supervisory and compliance professionals reviewing the account and in a way the best failure to supervise cases involve a lack of that type of documentation nobody’s watching the store nobody’s reviewing the conduct of the broker or the trader or whomever engaged in the wrongdoing you know what branch Audits and examinations occurred how often was the book discussed with the supervisor or the compliance professionals what policies procedures and training do they have to ensure that the type of conduct that occurred doesn’t happen and so you’re looking for policies and maybe the absence of following those policies and the absence of the reports necessary to find the wrongful conduct.