SEC

General Motors is paying a $1 million penalty to settle charges from the Securities and Exchange Commission that deficient internal controls kept it from properly assessing the potential impact on its financial statements of a defective ignition switch found in some vehicles.

Mary Jo White urges FASB to continue efforts to harmonize U.S. GAAP with International Financial Reporting Standards.

The Securities and Exchange Commission announced that it had awarded more than $5.5 million to a whistleblower.

President-elect is selecting Sullivan & Cromwell partner to run the Securities and Exchange Commission, positioning a top lawyer to banks and hedge funds to lead Wall Street’s main regulator.

Kentucky-based wire and cable maker is resolving allegations by the SEC and the Justice Department that it violated internal control requirements and the Foreign Corrupt Practices Act.

In its annual report to Congress, the SEC acknowledged that fiscal year 2016 was historic for fraud tipsters.

The board member submitted his resignation to the SEC on Friday, Dec. 23, almost two years before the end of his appointed term.

The Financial Accounting Standards Board has released the 2017 GAAP Financial Reporting Taxonomy, although final acceptance by the Securities and Exchange Commission is still pending.

President-elect Donald Trump is considering nominating ex-U.S. Attorney Debra Wong Yang to run the Securities and Exchange Commission, said a person with direct knowledge of the matter.

Some non-GAAP financial measures are more kosher than others, and the SEC is looking to provide better guidance.