SEC

The sofamaker agreed to pay $1.5 million to the SEC to settle allegations that two former executives devised a fraudulent accounting scheme to meet a key Wall Street metric.

Erica Williams, who began her first term in January 2022, will now helm the Public Company Accounting Oversight Board through Oct. 24, 2029.

The commission is focused on accounting errors the railroad had previously disclosed and certain non-financial performance metrics. 

The new regulatory environment has faced legal challenges, creating uncertainty for companies and auditors.

The Securities and Exchange Commission approved a proposal that aims to improve the security of the filing system.

The Securities and Exchange Commission alleged Olayinka Oyebola and his firm enabled the perpetration of a multiyear fraud scheme.

The software company co-founder allegedly raised more than $30 million by falsely claiming the company had millions of dollars in annually recurring revenue.

The unexpected demise of an audit firm proved to be a boon for many small auditors.

The firm agreed to settle charges with the SEC over negligence for its work for the now shuttered crypto exchange.

The SEC alleges Kubient's two former execs and former audit committee chair artificially inflated the company's revenue and lied to auditors.