Israeli Company Defrauds SPAC Investors
To get a merger approved, the company, Ability, and two of its executives lied to investors about a "game changing" product, says the SEC.
Walmart FCPA Case Cites Poor Internal Controls
The Securities and Exchange Commission today charged Walmart with dragging its feet on anti-corruption compliance for more than a decade.
Audit Firms’ Problems Are Also Cultural
The SEC's case against KPMG demonstrates that sloppy audits and conflicts of interest aren't the only challenges the Big Four face.
Private Companies: Beware of SEC Scrutiny
The Securities and Exchange Commission is bringing case after case charging private companies and their executives with fraud.
SEC Names Gabriel Benincasa as First Chief Risk Officer
The position was created in the wake of the 2016 cyberattack to help identify and mitigate risks.
MoviePass Parent Company Files to Spinoff the Struggling Service
A new entity called MoviePass Entertainment Holdings will distribute a minority of its shares to Helios and Matheson holders as a dividend.
Hertz to Pay $16M to Settle With SEC Over Accounting Problems
The rental car company agreed to pay a civil fine over financial misstatements.
ADT Fined Over Reporting Failures
Security company ADT was hit with a $100,000 fine from the SEC over failure to report under GAAP when presenting its financial numbers.
The 11 Best Accounting Articles of 2018
Here are CFO editors’ picks for the best accounting stories this year.
Executives Must Disclose Stock Hedging
The final rule from the SEC requires disclosure of policies that permit "the mitigation of the incentive alignment associated with equity ownership."
MetLife Settles With Massachusetts Over Pension Claims
The company agreed to pay $1 million to resolve accusations related to its pension risk transfer business.