FINRA settled charges with four firms for misrepresentations and supervision failures on their "fully paid securities lending" programs.
News & Insights
SEC Chief Accountant Paul Munter reminded issuers, preparers and auditors of their responsibilities to provide transparent, high-quality cash flow information for the protection of investors.
Three China-based accounting firms and four individuals settled charges with the Public Company Accounting Oversight Board for issuing inaccurate audit reports and for violations of quality control standards related to integrity and personnel management.
House Financial Services Committee Chair Patrick McHenry (R-NC) and a bipartisan group of legislators asked banking regulators to clarify "through guidance and other actions" that an SEC Staff Accounting Bulletin, which describes how a custodian must account for digital assets, is not enforceable.
The SEC set an effective date of January 2, 2024 and accompanying compliance dates for new Exchange Act Rule Rule 10c-1. The final rule was published in the Federal Register.