SEC Issues Whistleblower Awards Totaling More Than $4 Million

SEC

The Securities and Exchange Commission today announced awards of more than $4 million to four whistleblowers who provided information and assistance in two separate enforcement proceedings. read more »

Gensler Wants SEC To Beef Up Whistleblower Program

FINANCIAL ADVISOR

Gary Gensler, the chairman of the Securities and Exchange Commission, has directed the agency’s staff to consider ways of strengthening its whistleblower program, such as reducing the processing time for award determinations, he told fellow regulators Friday. read more »

SEC Charges Ernst & Young, Three Audit Partners, and Former Public Company CAO with Audit Independence Misconduct

SEC

The Securities and Exchange Commission today charged accounting firm Ernst & Young LLP (EY), one of its partners, and two of its former partners with improper professional conduct for violating auditor independence rules in connection with EY's pursuit to serve as the independent auditor for a public company with nearly $5 billion in revenue (issuer). Separately, the Commission brought charges against the Issuer's then-Chief Accounting Officer for his role in the misconduct. All respondents have agreed to settle the charges and will collectively pay more than $10 million in monetary relief. read more »