Friday, December 11, 2015

SEC News - Bad Auditing, Unregistered Brokers, and Fraud


SEC Suspends Public Accountants for Bad Auditing
The SEC suspended five accountants and two audit firms from practicing or appearing before the SEC after they violated key rules that are designed to preserve the integrity of the financial reporting system.

Lawyers Offered EB-5 Investments as Unregistered Brokers
A series of enforcement actions have been announced against lawyers across the country charged with offering EB-5 investments while not registered to act as brokers.

Charges Announced for Spoofing and Order Mismarking
Fraud charges have been announced against three Chicago-based traders accused of circumventing market structure rules in a pair of options trading schemes.

Grant Thornton Ignored Red Flags in Audits
National audit firm Grant Thornton LLP 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 that wound up facing SEC enforcement actions for improper accounting and other violations.

Bitcoin Mining Companies Charged
Two Bitcoin mining companies and their founder have been charged with conducting a Ponzi scheme that used the lure of quick riches from virtual currency to defraud investors.



The attorneys at Sallah Astarita & Cox include veteran securities litigators and former SEC Enforcement Attorneys. We have decades of experience in securities litigation matters, including the defense of enforcement actions. We represent investors, financial professionals and investment firms, nationwide. For more information call 212-509-6544 or send an email.

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