President Joe Biden nominated several experienced attorneys and law enforcement officials to fill key regulatory roles overseeing the banking, securities, and insurance industries. The nominees bring decades of expertise in areas like financial fraud investigations, corporate compliance, and consumer protection.
The Public Company Accounting Oversight Board (PCAOB) took major action this week to modernize its auditing standards and strengthen accountability measures for audit deficiencies that put investors at risk.
The head of the nation's top consumer finance watchdog painted a chilling portrait of unchecked "financial surveillance" on Wednesday, as he issued an urgent call for Congress to implement far stronger safeguards around companies' collection and monetization of consumer data.
The Securities and Exchange Commission recently charged Ilit Raz, CEO and founder of the now-defunct artificial intelligence recruitment startup Joonko, with defrauding investors out of at least $21 million.
SFC Energy AG, a company based in Germany, has been fined €189,000 ($203,000) by BaFin, the Federal Financial Supervisory Authority, for violating securities laws around financial reporting.
The Financial Industry Regulatory Authority (FINRA) announced today that it has censured and fined two broker-dealer firms a total of $500,000 for violations related to securities short selling requirements, improper influencer marketing practices, and deficient privacy disclosures to customers.
The Public Company Accounting Oversight Board (PCAOB) has issued a settled disciplinary order against L&L CPAs, PA, a Florida-based public accounting firm, its President, Weixuan Tracy Luo, and two other associated persons, Andy Chow and Robert Kinzer. The sanctions come in response to violations of PCAOB rules and standards related to quality control, auditing, and reporting.