My latest column @Forbes is about the most recent futures
industry fraud case, PFGBest. PFGBest is another reason why the industry's poor
business environment, wracked with a crisis of confidence after MF Global, just
got much worse.
The day my OpEd in the Financial Times was published, July
30, there were many other stories in other publications marking the occasion of
Sarbanes-Oxley's tenth anniversary. Most of them focused on the lack of
prosecutions of CEOs and CFOs for...
It wasn't even a verdict. Just a decision by New York
Federal Court Judge Lewis Kaplan in one Lehman failure cases Ernst & Young
is fighting. A decision to allow substantially all of the allegations against
Lehman executives and at least one...
Last week was Groupon's big week, although not in a good
way. What happened? Well, the premier source of daily deal dish got knocked
down a few more pegs after announcing a revision to 4th quarter earnings and
the announcement by management that...
Section 10A of the Securities and Exchange Act of 1934
requires reporting by auditors to the Securities and Exchange Commission (SEC)
when, during the course of a financial audit, an auditor detects likely illegal
acts that have a material impact on...
The Securities and Exchange Commission says it’s stepping up scrutiny of corporate accounting and disclosure fraud. That means going after gatekeepers like auditors, lawyers, and directors under an aptly named initiative Operation Broken Gate ....
With Democrats like Representative Carolyn Maloney of New
York, who needs the Republicans? When special interests pursue self-interested
legislation - or seek to block legislation that affects their
interests - Maloney waves the jobs and economic growth...