Author: Erin Connors
SubscribeSEC Taking an Interest in Accounting Enforcement
The implosions of Silicon Valley Bank and Signature Bank this month may have come as a surprise to KPMG LLP, one of the so-called Big Four accounting firms. Both banks collapsed within two weeks of KPMG signing off on their audits. In the w...
Read MoreFeds Issue First Indictment Related to 10b5-1 Plans
After months of signaling a crackdown was coming, the federal government has broken new ground by issuing its first indictment against an executive, based solely on the use of so-called 10b5-1 plans. A quick refresher: Rule 10b5-1 of the Se...
Read MoreThe Activision Blizzard Case, Part II: Whistleblower Protections
Earlier this week, we told you about the potential ramifications for disclosure controls stemming from the Securities and Exchange Commission’s $35 million settlement with video game maker Activision Blizzard. Prospective whistleblowers – a...
Read MoreThe Activision Blizzard Case, Part I: Disclosure Controls
“Mission creep” is one of those nebulous concepts that government watchdogs love. Originating in military strategy, the term generally refers to an agency or office expanding its focus beyond its own stated purpose. It comes to mind when st...
Read MoreESG Hits a New Snag as Climate-Disclosure Rules Come Under Fire
After years of gaining momentum, ESG programs, socially responsible investing and climate-related regulation have encountered legitimate setbacks in the United States lately. On Wall Street, ESG funds had a miserable year in 2022. New clien...
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