compliance with capital markets laws and regulations

Compliance With Competition And Antitrust Laws: 9 Principles

who this class is for

Employees and managers

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About this micro-class

Compliance with competition and antitrust laws is everyone’s responsibility for ensuring a company’s success within the bounds of the law.

Compliance With Competition And Antitrust Laws

1. Understanding Antitrust Laws

Antitrust laws aim to promote fair competition and prevent monopolistic behavior.

Every country has its antitrust laws and regulations. The primary federal statutes governing antitrust in the U.S. are the Sherman Act, the Clayton Act, and the Federal Trade Commission Act.

2. Prohibited Activities

Price Fixing: Colluding with competitors to set prices is strictly prohibited.

Market Allocation: Agreeing with competitors to divide markets or customers is illegal.

Bid Rigging: Rigging bids to eliminate competition is a serious offense.

3. Compliance Basics

Always compete fairly and independently in the marketplace.

Avoid discussions with competitors about pricing, customers, territories, or any sensitive business information.

Refrain from sharing confidential information about your company with competitors.

4. Identifying Red Flags

red fla

Be alert to any discussions or agreements with competitors that may seem suspicious or anti-competitive.

Report any concerns promptly to the legal or compliance department.

5. Trade Associations

Participating in industry associations is acceptable, but be cautious about discussions that could lead to anti-competitive behavior.

Avoid sharing sensitive information in such forums.

6. Compliance Training

Regularly engage in compliance training programs to stay updated on the latest regulations.

Seek guidance from your compliance officer or supervisor if uncertain about any situation.

7. Consequences of Non-Compliance

Individuals and the company can face severe penalties, including fines and legal actions.

Reputation damage can be significant, impacting your relationships with customers and stakeholders.

8. Reporting Mechanisms

Familiarize yourself with your company’s internal reporting mechanisms for ethical concerns and potential violations.

Encourage open communication within the team to address any compliance-related questions or issues.

9. Ongoing Vigilance

Compliance is not a one-time event but a continuous process. Stay vigilant and prioritize ethical business practices.

Test your knowledge with a quick test and earn a free micro-certificate

Shop for etiquette, behavioral, and contextual signs

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