The SEC has long sought to enlist professionals as the advance guard of its Enforcement Division. The point is understandable: auditors, attorneys and other professional consultants are typically at the company long before Commission investigators and often have a better …
Tag: audit failure
This Week In Securities Litigation (Week ending September 5, 2014)
The Commission prevailed on summary judgment in an action against a broker which alleged he misappropriated client funds. The agency also filed actions centered on: an audit failure; the EB-5 immigration program; undisclosed conflicts; a failure to have supervisory procedures …
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Tagged with: audit failure, conflicts, financial fraud, investment fund fraud, secactions, supervision