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Category: SEC

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SEC Goes After “Fake It Till You Make It” Fraudsters

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In 2022, a jury convicted Theranos Inc. founder Elizabeth Holmes of perpetrating an audacious fraud against investors in her blood-testing company that turned the Stanford University dropout into a billionaire in her early 20s. Her story ha...

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SEC Tags DraftKings for Regulation FD Violation

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As the CEO of Boston-based sports gambling operator DraftKings Inc. learned recently, corporate executives are rolling the dice when they discuss their companies on social media. The Securities and Exchange Commission last month announced a...

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FBI Warns of Explosion in Crypto Fraud

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Ever since cryptocurrency was introduced to the masses, its supporters have fought against the perception that it is nothing more than a mode of exchange for shady pursuits. A new report from federal law enforcement authorities won’t help t...

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Three Noteworthy Trends from SEC’s Latest Enforcement Push

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September is the month when temperatures start dropping, leaves start turning, and the Securities and Exchange Commission starts enforcing. To be fair, the SEC enforces securities law all year round, but the agency has made the September fl...

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New Quality Standard Heightens Fears of Accounting Brain Drain

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Fans of Christian Wolff rejoiced earlier this year when news broke that filming had started for the latest installment of the adventures of the autistic CPA and mercenary do-gooder portrayed by Ben Affleck. Nine years after The Accountant f...

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