Jones Day has hired Joan McKown, chief counsel of the Securities and Exchange Commission's Division of Enforcement, as a Washington, D.C.-based partner in its securities litigation and SEC enforcement practice.
The Public Company Accounting Oversight Board has unveiled plans to strengthen the checks that auditors must carry out when scrutinizing firms' financial reporting.
Federal prosecutor Kelly Currie has joined Crowell & Moring as a partner in the law firm's New York office.
Canadian securities regulators have ramped up their reviews of public companies' disclosure documents as the country readies itself to transition to an International Financial Reporting Standards regime, according to a Canadian Securities Administrators study.
Hoboken, N.J.-based Brien Santarlas, formerly an attorney at Ropes & Gray in New York, has settled with the Securities and Exchange Commission allegations that he was involved in an insider trading ring which saw him supply confidential information to Wall Street traders and hedge funds in exchange for kickbacks.
Microsoft has recruited David Howard, co-chair of Dechert's white collar and securities litigation group, as deputy general counsel in charge of litigation.
The Financial Accounting Standards Board has released plans to develop common requirements for measuring fair value and disclosing information about such measurements in U.S. Generally Accepted Accounting Principles and International Financial Reporting Standards.
A judge for the Northern District of Illinois has entered a final judgment by consent against Rockwall, Texas-based Carl Lee and his firm Carl Lee and Associates over a Securities and Exchange Commission claim that they were involved in an alleged fraud involving the offer and sale of securities in the form of Universal Leases.
Financial statement violations are unusual, but are by far the costliest form of fraud, according to a study by the Association of Certified Fraud Examiners.
Anthony Banas, a co-founder and former chief technology officer of privately-held Canopy Financial, has settled a Securities and Exchange Commission complaint that he was involved in an alleged scheme to defraud investors in a private placement offering.