SEC enforcement

GTT Communications self-reported that it has difficulty reconciling data from two different systems, and overreported its income as a result.

The commission charged the firm with systemic quality control failures and violations of audit standards, mainly in connection with its audits of SPAC clients.

A study found that when a company has bad news, it issues unrelated press releases on the same day it files with the SEC.

Enforcement actions increased 55% in 2022, although total monetary settlements were down more than 60%.

The nonprofit software company settled with the commission over charges that it failed to disclose a cyber breach with a potentially material impact.

The IRS in a separate filing asked a court to compel Kraken to turn over its books and other data.

"Proof of reserves is neither a full accounting of the assets and liability of a company, nor does it satisfy segregation of customer funds under the securities laws," said SEC chair Gary Gensler.

The U.S. Supreme Court signaled it may open a new avenue for companies and people to fight off complaints by the Securities and Exchange Commission and Federal Trade Commission.

The court is turning its anti-regulatory campaign toward the federal agencies that are scrutinizing Wall Street banks and seeking to break up Meta.

Kardashian was paid $250,000 to post on her Instagram account about EMAX tokens, a crypto asset offered by EthereumMax.

The Top 10 Firm was penalized for improper professional conduct for failing to properly audit a client.

The Securities and Exchange Commission has reached a settlement with 16 Wall Street firms over failures to maintain and preserve electronic communications.

The commission charged the Top 100 Firm for failing to comply with the standards of the PCAOB while conducting audits of two public companies from 2017 through 2020.

The whistleblower program ignores its own rules, shields much of its work from the public, and has been a financial boon for law firms that hired former agency officials

There’s a simple technical fix for the exam cheating that landed Ernst & Young with a $100 million fine from the SEC, but the problems go deeper.

The penalty for cheating on CPA ethics exams and misleading investigators was the largest ever levied by the commission against an accounting firm.

The Big Four firm admitted that dozens of its audit personnel cheated on the ethics portion of the exam, and that it misled regulators probing the misconduct.

The commission charged the Top 20 Firm and three of its partners Wednesday, and the firm agreed to pay a $1.9 million penalty to investors.

A former Domino’s accountant settled charges that used confidential information to trade ahead of the company’s earnings announcements.

The chair said his agency and the top U.S. derivatives regulator should work together to rein in cryptocurrency exchanges.