The SEC Investor Advisory Committee has announced that it will hold a public meeting on Friday, January 18, 2013, at the SEC’s headquarters in Washington

The SEC Advisory Committee on Small and Emerging Companies has announced that it will hold a public meeting on Friday, February 1, 2013, at the SEC’s headquarters in Washington. The meeting will begin at 9:30 a.m. and will be webcast on the SEC’s website. The agenda for the meeting includes consideration of recommendations and other matters relating to rules and regulations affecting small and emerging companies under the federal securities laws. Click here to view notice in full (links externally to SEC website).

Secretary of Labor Hilda L. Solis announced in a letter to employees at the U.S. Department of Labor that she has submitted a letter of resignation to President Obama. View letter in full (DOL website).

The SEC has initiated public administrative proceedings to determine whether two auditors at KPMG engaged in improper professional conduct in auditing a holding company for a Nebraska-based thrift bank that allegedly hid millions of dollars in loan losses from investors during the financial crisis and eventually was forced into receivership. The SEC Division of Enforcement alleges that the auditors failed to subject to adequate scrutiny internal controls at the bank and loan loss estimates based on dated collateral appraisals.The SEC previously charged three former TierOne Bank executives

The SEC has charged three former executives at the public holding company for Virginia-based Bank of the Commonwealth for fraudulently understating millions of dollars in losses and obscuring the health of the bank’s loan portfolio at the height of the financial crisis. See: SEC Complaint (links externally to SEC website).