Instead of being banned from private securities offerings, Bank of America will hire an outside consultant to monitor and report on its behavior.
Former CFO and CEO directed staff to falsify occupancy rates of senior residences to avoid violating the covenants of a lease agreement, says the SEC.
“There’s nothing else that this [hacker group] could have been going after other than to game the market.”
An investor lawsuit accuses a CFO of ignoring signs of fraud when he signed off on financial results, but the CFO says he believed they were accurate.
The former CFO of Alotech defrauded the company of $1.2 million using the company's checking account and a corporate credit card.
The volume of calls to the whistleblower hotline merely scratches the surface when it comes to gauging how successful a compliance program is.
Among the 10 worst global companies for organizational transparency and country-by-country financial disclosures: Berkshire Hathaway.
“Bio-Rad Laboratories failed to detect a bribery scheme and did not properly address red flags that such a scheme was underway,” said an SEC…
The tradeoff? Whistleblower involvement contributes significantly to longer total duration of an enforcement action, by an average of almost 10…