The Securities and Exchange Commission (SEC) is charging DBRS over their inability to monitor certain financial instruments, such as residential mortgage-backed securities and some others. More below, or get started here.
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Enforcement actions in the financial reporting and audit area have nearly doubled, to 134, in the past two years, reflecting the SEC’s increased focus.
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Finance executives are working to bring their companies’ pension funds to a safe landing, according to a new study.
The $15-a-share deal expands Tokyo-based Bridgestone’s network of U.S. tire and auto service centers by more than a third.
The portion of IPOs reporting material weaknesses in internal controls rose from 23% in 2011 to 27% in 2014, with 31% projected for 2015, PwC finds.
The company’s stock has not benefited from earlier restructuring efforts, losing more than a quarter of its value this year.
The sharp drop in newly-built home sales suggests one segment of the market is cooling, but sales of existing homes rose 4.7%.
The SEC’s case against DBRS is the second this year involving credit rating agencies’ evaluations of complex financial instruments.
Data services is Intercontinental Exchange’s fastest-growing business and the acquisition of Interactive Data will make it the No. 3 provider.
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