Securities and Exchange Commission
SEC Leads Crackdown on Non-GAAP Measures
"Cherry picking" and boilerplate reporting are in the SEC's crosshairs.
Investor Outreach on Rev Rec Rule Needed: SEC Official
The new revenue standard could change "not only the top line, but also the bottom line and analysis that depends on the financial statements."
The Raw Nerve of Materiality
FASB’s plan to use only the U.S. Supreme Court’s definition of materiality draws fire.
Accounting Firm Fined Over Surprise Exams
The SEC says Santos, Postal & Co. failed to properly scrutinize an investment adviser who embezzled $670,000 from clients.
Cabela’s Fined $1M for Inflating Profit Metric
The SEC said the firm's CFO erred in failing to eliminate the impact of an intercompany promotions fee on its merchandise gross margin percentage.
Navistar Fined $7.5M Over Engine Disclosures
The SEC says the company misled investors about its efforts to show compliance with emission standards.
Biotech CFO Accused of Misleading Investors
The ex-CFO of Aveo Pharmaceuticals and other top executives allegedly failed to disclose FDA concerns about an experimental cancer drug.
Ex-Fox Pundit Settles Stock Fraud Case for $258K
The SEC says Tobin Smith made false statements about a penny stock company and failed to fully disclose his compensation.
How a President Trump Might Treat Wall Street and the SEC
It's difficult to predict what "President Trump" would do, given his always-shifting rhetoric, but his past statements and business record offer some hints.
U.S. Man Accused of Jamaican Bridge Loan Scam
The former chairman of a Jamaican call center company allegedly operated a Ponzi scheme that raised $10 million from at least 21 investors.
Lender AGF Accused of Lying About Audits
The SEC also alleges American Growth Funding concealed from investors that many of its loans were non-performing.