December 24, 2018/US SEC The Securities and Exchange Commission today filed settled charges against national audit firm Crowe LLP, two of its partners, and two partners of a now-defunct audit firm for their significant failures in audits of Corporate Resource Services Inc., which went bankrupt in 2015 after the discovery of […]
Frauds & Scandals
SEC Charges a Taiwan-Based Insurance Company and a Former Insider with Fraudulent Market Manipulation Scheme
December 21, 2018/US SEC A Taiwan-based insurance company and one of its former managers have agreed to settle fraud charges brought by the Securities and Exchange Commission relating to a scheme to manipulate the company’s trading volume. The complaint alleges that, from approximately December 2013 through March 2018, China United […]
SEC Charges Two Robo-Advisers with False Disclosures
December 21, 2018/US SEC The Securities and Exchange Commission today instituted settled proceedings against two robo-advisers for making false statements about investment products and publishing misleading advertising. The proceedings are the SEC’s first enforcement actions against robo-advisers, which provide automated, software-based portfolio management services. An SEC order found that Redwood […]
