Securities regulators and enforcement agencies, including the Securities and Exchange Commission (SEC) and U.S. Department of Justice (DOJ), have programs in place to encourage greater cooperation from individuals and companies that uncover reportable conduct. These programs encourage individuals and companies to voluntarily provide information and assistance to regulators by providing them with "cooperation credit," which typically consists of reduced fines in civil or administrative cases or potential shorter sentences in a criminal case. For many small and mid-sized firms, cooperation credit can mean the difference between surviving an investigation or a penalty that closes its doors.
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