Securities and Exchange Commission
SEC Allows Use of Inline XBRL Data in Filings
Inline XBRL embeds data directly into financial statements rather than in a separate exhibit, potentially enhancing the quality of data.
Physicist Fined for Tech Deal Insider Trading
The SEC says the Chinese citizen made $367,387 in illegal profits by trading on inside information about the takeover of OmniVision Technologies.
Brokerage Fined for Anti-Money-Laundering Reporting Failures
Albert Fried & Co. agrees to pay $300,000 to settle SEC charges that the broker failed to report suspicious trading by institutional investors.
SEC Going After Corp. Subsidiaries
The Securities and Exchange Commission is particularly focused on the subsidiaries of financial services firms.
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.