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Category: SEC

axe splitting wood

Split with EY the Latest Bad News for Super Micro

axe splitting wood

Accounting giant Ernst & Young recently took the extraordinary step of firing one of its clients, Super Micro Computer. A public filing last week by the California-based maker of computer servers revealed EY used remarkably strong langu...

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Four New Enforcement Themes Emerge at SEC

four birds

Last month, we highlighted some of the significant trends in enforcement at the Securities and Exchange Commission as the agency’s fiscal year drew to a close. We’ve picked up on four new enforcement themes since then that are worth monitor...

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Cyber Disclosure Rules Yet to Cause Market Declines Once Feared

simmering carrots on stovetop

Despite long-simmering dread that the Securities and Exchange Commission’s cybersecurity disclosure rules would cause share prices to plunge, research indicates companies realized only minimal losses after reporting cyber-related incidents....

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

green screen on movie set

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

red dice on blue table

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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