December 24, 2018/US SEC The Securities and Exchange Commission today announced settled charges against two New York-based investment advisers and the CEO of one of the advisers who selected mutual fund share classes inconsistent with their disclosures to clients. The firms and the CEO will collectively pay more than $1.8 million, […]
Frauds & Scandals
SEC Charges Audit Firm and Suspends Accountants for Deficient Audits
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 […]
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 […]
