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Jail

Ex-PCAOB leader gets prison time for role central to KPMG scandal

2019-10-15T16:10:00+01:00By

Former PCAOB Inspections Leader Jeffrey Wada was sentenced to nine months in prison for providing the confidential information central to the long-running KPMG inspections scandal.

Sinking ship

Libra springs a leak: Visa, Mastercard, others bail

2019-10-15T14:36:00+01:00By

Visa, Mastercard, and a handful of other companies have followed in the footsteps of PayPal, abandoning the Facebook-led Libra Association amid harsh regulatory criticism surrounding the planned cryptocurrency offering.

Asset 1

AT&T might be the next Wells Fargo (and doesn’t seem to be doing anything about it)

2019-10-15T14:12:00+01:00By

A federal securities lawsuit against AT&T and multiple executives of the company mirrors many of the same troubling ethics and compliance failures that plagued Wells Fargo. Inside, we take a deep dive into the allegations.

California

California AG’s proposed CCPA regs leave more questions than answers

2019-10-11T20:46:00+01:00By

Companies subject to the California Consumer Privacy Act requirements now have 24 pages of direction on how to comply with the new law. But will that be enough?

BitcoinFlick

SEC Bitwise Bitcoin ETF rejection may signal end to cryptocurrency trades

2019-10-11T19:09:00+01:00By

In a 112-page order, the SEC argued against allowing shares of the Bitwise Bitcoin exchange traded fund to be listed or traded because of the likelihood of financial crime surrounding the cryptocurrency.

CrackedSkinMan

Oxfam slams U.K. supermarkets over worker abuses in supply chains

2019-10-11T16:47:00+01:00By

In an effort to cut costs and raise revenue, U.K. supermarkets are endangering employees with such abuses as a lack of toilets, unsafe drinking water, and illnesses resulting from exposure to pesticides, says a new report from Oxfam.

Bitcoin

IRS updates guidance on tax treatment of virtual currencies

2019-10-11T14:20:00+01:00By

As part of a wider effort to assist taxpayers, the Internal Revenue Service has issued two new pieces of guidance for those who engage in transactions involving virtual currency.

Oilfield

ProPetro shuffles leadership team amid accounting probe

2019-10-10T19:46:00+01:00By

ProPetro Holding has announced a shuffling of its executive leadership team following the completion of a review conducted by its audit committee into a series of internal control failures.