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Tag: sec

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Lawsuits Renew Scrutiny of Big Banks’ Deceptive Practices on Cash Sweep Accounts

broom sweeping cash into dust pail

Following a steady stream of accusations that big banks like JPMorgan Chase and Wells Fargo have deceived and cheated investors for years, recent lawsuits are shining a light on how banks secretly manage – or mismanage – so-called cash swee...

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SEC Approves Tougher Standards for Auditor Liability

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The Securities and Exchange Commission has approved a proposal from the Public Company Accounting Oversight Board intended to make it easier for the regulatory agency to hold an individual responsible when that person “directly and substant...

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Delta Loudly Leads Companies Smarting from CrowdStrike Outage

Child with megaphone

July 19, 2024, will forever be known around Times Square as the day the digital ads died. No matter where they went, tourists were haunted by blank video screens where images of the latest blockbuster movies and skincare products once illum...

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Companies Going Above and Beyond Clawback Requirements

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When it comes to compensation clawbacks, many corporate executives are discovering their own employers have even stricter standards than required by the federal government. In an analysis of 2024 proxy filings, consulting firm FW Cook found...

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Dems Join Crusade to Overturn Contentious SEC Crypto Accounting Guidance

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Several House Democrats have thrown their support behind a congressional effort to overturn controversial accounting guidance that affects how regulated banking organizations account for and safeguard their customers’ digital assets. The de...

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