U.S. Securities and Exchange Commission
Aviron Pictures Founder Accused of $25M Fraud
The SEC says William Sadleir defrauded a BlackRock fund by using money it had invested in Aviron for personal expenses including a Beverly Hills mansion.
Senate May Vote on Oversight of Chinese Issuers
A bipartisan bill could result in Chinese firms being delisted from U.S. exchanges if they do not submit their audit reports to U.S. regulators.
Former KPMG Auditors Charged With Exam Cheating
The three auditors agreed to suspensions for violating auditor integrity rules by improperly sharing answers to internal training tests.
Fluor Shares Dive on News of 10-Q Delay
The engineering firm is facing investigations into its accounting by the SEC and Department of Justice.
SEC Questions COVID Drug Claims of Biotechs
The commission has halted trading in the shares of three companies that have said they are developing a drug candidate for treating COVID-19.
SEC Accuses Praxsyn of Virus-Related Fraud
The health-care company allegedly made bogus claims it had created a “direct pipeline from manufacturers and suppliers to buyers” of N95 masks.
Ironclad Execs Accused of $6M Accounting Fraud
The SEC says former CFO William Aisenberg and two colleagues improperly recognized revenue to inflate the work glove maker's revenue by as much as 24%.
High Court Hears Dispute Over ‘Ill-Gotten Gains’
The justices appeared skeptical that the SEC exceeded its powers by obtaining a $27 million disgorgement order against a California couple.
Cardinal Health Fined $8M for FCPA Violations
The SEC says Cardinal employees made improper payments to boost the sales of a skincare company whose products they were distributing in China.
Cboe ‘Speed Bump’ Runs Into SEC Road Block
The commission rejected a proposal to delay incoming executable orders on a Cboe exchange to curb a strategy used by high-frequency traders.
Wells Fargo Fined $3B Over Fake-Accounts Scandal
“This case illustrates a complete failure of leadership at multiple levels within the bank," a prosecutor says.