In the Margins
KPMG has agreed to pay more than $6.2 million to settle charges that it failed to properly audit the financial statements of oil and gas company Miller Energy Resources in 2011, the Securities and Exchange Commission said. As a result, investors were misinformed about the energy company’s value. KPMG’s engagement partner in charge of the audit, John Riordan, also agreed to settle charges against him. Read the statement from the SEC.
Most Read
Over the past several weeks, I have written articles exploring conflicts of interest that could challenge a variety of financial industry participants. Those articles explored potential ...
The Securities and Exchange Commission seems poised to grant exemptive relief to one of the earliest applicants seeking to offer an exchange-traded fund share class, just ...
The Investment Company Institute this week made public a set of recommendations to reform and modernize the Investment Company Act of 1940, which has not been ...
Securities brokerage firms are a critical part of the financial landscape, as they provide a vast array of products and services to the financial services industry, ...