SEC enforcement

There’s a simple technical fix for the exam cheating that landed Ernst & Young with a $100 million fine from the SEC, but the problems go deeper.

The penalty for cheating on CPA ethics exams and misleading investigators was the largest ever levied by the commission against an accounting firm.

The Big Four firm admitted that dozens of its audit personnel cheated on the ethics portion of the exam, and that it misled regulators probing the misconduct.

The commission charged the Top 20 Firm and three of its partners Wednesday, and the firm agreed to pay a $1.9 million penalty to investors.

A former Domino’s accountant settled charges that used confidential information to trade ahead of the company’s earnings announcements.

The chair said his agency and the top U.S. derivatives regulator should work together to rein in cryptocurrency exchanges.

Gary Gensler signaled that only total compliance with U.S. audit inspections will allow the companies to keep trading on American markets.

The Securities and Exchange Commission eased up dramatically on accounting and enforcement activity last year during a period of transition at the SEC, but the Public Company Accounting Oversight Board increased its enforcement amid a shakeup at the PCAOB.

ARA Holdings Inc. is settling for a $2 million penalty.

The top executives of a defunct cybersecurity company were charged with duping investors.

U.S. regulators have long said they’re dubious about the green and socially conscious labels that Wall Street applies to $35 trillion in so-called sustainable assets. Now, the watchdogs are hunting for proof that they’re right.

The company settled claims that it engaged in an expense-management scheme that resulted in inflated earnings.

The Securities and Exchange Commission charged Ernst & Young, one of its current partners, and two of the firm’s former partners Monday with violating auditor independence rules and improper professional conduct.

The Securities and Exchange Commission is ramping up enforcement against cryptocurrency providers, as the Internal Revenue Service has also stepped up investigations and compliance efforts.

The commission said the sports apparel company booked revenues earlier than it should have because it was at risk of missing analyst estimates.

Alex Oh abruptly resigned Wednesday, citing a complication in a case from her prior legal career.

While activity at both regulators declined early in the COVID-19 pandemic, it only recovered at the commission.

The new commissioner is poised to confront everything from the fallout of the GameStop trading frenzy to the deluge of SPACs.

U.S. regulators are throwing another wrench into Wall Street’s SPAC machine by cracking down on how accounting rules apply to a key element of blank-check companies.

The commission is starting to implement a tough law passed at the end of the Trump administration, aimed largely at Chinese stocks.