Business

Ernst & Young to pay $10 million to settle SEC investigation

Ernst & Younger LLP pays $10 million to settle a regulatory investigation into allegations that it improperly obtained confidential info in pursuit of a contract to audit a public firm’s books.

The Securities and Trade Fee additionally fined 4 accountants allegedly concerned within the misconduct: an Ernst & Younger accomplice, two retired companions and a former chief accounting officer of the unnamed consumer firm who shared the aggressive info with them, in keeping with the company. The 4 accountants had been all suspended from reviewing the monetary statements of public corporations for durations starting from one to a few years.

https://www.marketwatch.com/story/ernst-young-to-pay-10-million-to-settle-sec-investigation-11627956500?rss=1&siteid=rss | Ernst & Younger to pay $10 million to settle SEC investigation

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