Digital Currency June 7, 2023
SEC’s Regulatory Net Now Covers $120B of Crypto After Binance, Coinbase Lawsuits
The regulator in the complaints against Binance and Coinbase cited more than a dozen major coins as assets that fall under its purview.
Accounting May 3, 2023
SEC Chief Blasts Hedge Fund Fees as Agency Readies New Regulations
For the last two years, SEC Chair Gary Gensler has championed new rules to add scrutiny to hedge funds and private equity firms.
Accounting January 11, 2023
Paul Munter to Take Over as SEC Chief Accountant
Munter, who joined the SEC in 2019, has served as acting chief accountant since January 2021.
Accounting January 9, 2023
SEC Charges Ex-McDonald’s CEO with Making False Statements About Termination
Stephen Easterbrook was fined $400,000 and barred from holding corporate officer or director roles for five years.
Accounting December 19, 2022
2023 GAAP Financial Reporting Taxonomy is Now Available, FASB Says
The 2023 GAAP Financial Reporting Taxonomy is expected to be accepted as final by the SEC in early 2023.
Accounting November 11, 2022
As SEC Works to Finalize Climate Rule, Both Sides Make Their Case
Companies, industry associations and lawmakers made final push to influence the SEC by the Nov. 1 deadline.
Digital Currency November 10, 2022
FTX Faces Probe by U.S. Regulators Into Client Funds, While Binance Drops Plans to Acquire Rival
The inquiries by the SEC and the CFTC relate to the liquidity crisis that has pushed FTX to the brink.
Accounting November 7, 2022
Supreme Court Mulls Allowing Court Challenges to SEC and FTC
A ruling against the government could undercut two of the most powerful federal regulators in the U.S.
Accounting October 27, 2022
Executive-Bonus Clawbacks Get Long-Delayed Approval From SEC
Under the new rule, pay would be returned if tied to a firm’s financial reporting error.
Auditing October 24, 2022
Ex-PwC Auditor in SEC’s Crosshairs as Mattel Will Pay $3.5 Million Over Accounting Errors
Joshua Abrahams is accused of breaking auditor independence rules in PwC’s audit of the toy-making giant.
Digital Currency October 24, 2022
Crypto is More Attractive as SEC Gets Aggressive, Investors Say
Bitcoin will trade between $17,600 and $25,000 until the end of this year, survey of market participants shows.
Accounting October 20, 2022
Companies Issue Unrelated News When SEC 8-K Disclosure Has Bad News, Study Finds
Companies that file a form 8-K containing negative info are 7% more likely to concurrently issue a press release with good news.