SEC Steps Up Its Policing of Accounting Fraud

Written by: Robert Heim

The Wall Street Journal recently reported that the Securities and Exchange Commission has stepped up its policing of accounting fraud. “The SEC’s first year-over-year increase in such enforcement actions since 2007, comes as the agency returns its focus to alleged financial-reporting and disclosure problems that might have gone unpunished as crisis-era misconduct, such as selling of flawed mortgage securities, dominated its attention in recent years. These new cases are on a smaller scale and typically involve conduct that is far less egregious than the accounting scandals of the early 2000,such as the implosion of energy giant Enron Corp.,” said the newspaper.

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