Six CPAs Charged With Scheme to Improve KMPG Inspection Results
The SEC charged six CPAs with using leaked confidential Public Company Accounting Oversight Board data in a scheme to improve inspection results for KPMG.
The SEC charged six CPAs with using leaked confidential Public Company Accounting Oversight Board data in a scheme to improve inspection results for KPMG.
According to a SEC filing, Wells Fargo Advisors was censured and agreed to pay $3.5 million to settle allegations it failed to file suspicious activity reports for transactions suspected to be linked to money laundering.
The SEC issued an enforcement action requiring Barclays Capital to refund advisory fees or sales charges to clients who were overcharged. In a settlement of more than $97 million, Barclays agreed to settle three sets of violations.
The Securities and Exchange Commission reported that Citigroup Global Markets has agreed to pay $18.3 million to settle charges that it overbilled investment advisory clients and misplaced client contracts.
The Securities and Exchange Commission announced the agenda and panelists for its November 14, 2016 forum to discuss fintech innovation in the financial services industry.
Roel Campos and Terence Healy will join Hughes Hubbard & Reed as partners in its Washington, D.C. office. The two will lead the firm’s Securities Enforcement Practice Group as chair and vice chair, respectively.
Barclays Capital and Credit Suisse Securities (USA) have agreed to settle separate cases for violating federal securities laws while operating alternative trading systems known as dark pools and Credit Suisse’s Light Pool.
The SEC announced fraud charges against 11 former executives and board members at Superior Bank involved in various schemes to conceal the extent of loan losses as the bank was faltering in the wake of the financial crisis.
The SEC announced two J.P. Morgan wealth management subsidiaries have agreed to pay $267 million and admit wrongdoing to settle charges they failed to disclose conflicts of interest to clients.
The SEC said Grant Thornton and two of its partners agreed to settle charges that they ignored red flags and fraud risks while conducting deficient audits of two publicly traded companies.