Four Public Companies Charged With Internal Control Failures
On January 29, 2019, the Securities and Exchange Commission announced settled charges against four public companies for failing to maintain internal control over financial reporting (“ICFR”) for seven to 10 consecutive annual reporting periods. Two of the charged companies also... Read More →
$1 Billion Judgment Against Operators of Woodbridge Ponzi Scheme
On January 28, 2019, the Securities and Exchange Commission announced that a federal court in Florida ordered Woodbridge Group of Companies LLC and its former owner to pay $1 billion in penalties and disgorgement for operating a Ponzi scheme that targeted retail... Read More →