- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
The SEC delivered a heavy blow to Grant Thornton and two of its engagement partners last week with charges they ignored red flags and fraud risks at two public companies that ultimately faced enforcement actions of their own. Grant Thornton agreed to a penalty of $3 million, forfeited $1.5 million ...
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Image: Audit committee and external auditors who fail to reasonably carry out their responsibilities increasingly are finding themselves in the crosshairs of the SEC’s Division of Enforcement. “Over the past few years, the staff has really put a lot of focus into financial reporting and auditing enforcement matters. That means ...
A lack of supervision and internal controls at Morgan Stanley Smith Barney allowed four of its investment advisers to steal millions from customers before the behavior was detected, the SEC said in charging the firm.
Regulations are sure to be rolled back under President Donald Trump, but the question is which regulations, and how much? Is your organization as prepared to respond when regulations are loosened as it was when they were tightened?
