Accountant committing some type of accounting fraud.

Accounting Fraud and the SEC Whistleblower Program

The U.S. Securities and Exchange Commission (“SEC”) regulates the country’s stock and options markets. In order to prevent and detect fraud, the SEC relies on individuals to provide information about various types of financial misconduct. Those who provide information concerning financial fraud to the SEC are called whistleblowers. Under the SEC Whistleblower Program, the SEC […]

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U.S. Treasury report says lack of requirement to disclose company beneficial ownership the critical vulnerability in U.S. financial system

The U.S. Treasury has issued a new report which says that a lack of requirements to disclose a company’s beneficial ownership information is one of the most critical vulnerabilities in the U.S. financial system, the U.S. Treasury Department said in a new report. The Treasury’s Financial Crimes Enforcement Network, or FinCEN, in 2018 issued a […]

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SEC charges Iconix Brand Management Group and 3 former execs with accounting fraud creating fake revenue to meet analyst estimates

The Securities and Exchange Commission today charged brand-management company Iconix Brand Group Inc. and three of its former top executives with fraud. Iconix and two of its former executives have agreed to settle. The SEC’s litigation is proceeding against Iconix’s former CEO. The SEC’s complaint against former Iconix CEO Neil Cole and former Chief Operating Officer Seth Horowitz […]

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