GOP Pushes to Eliminate Audit Oversight Watchdog, Shift Duties to SEC
It would be very difficult for the SEC to take over the board's inspection duties if the measure were to pass, said former Public Company Accounting Oversight Board chief trial counsel Mike Plotnick. All registered audit firms, depending on size, must be inspected annually or every three years, which requires substantial manpower and expertise, he added.
TikTok Accused of Infringing on Advertising Technology Patents, Lawsuit Says
AAA ‘Swallowed' US Consumer Arbitration Market, Antitrust Class Action Claims
The American Arbitration Association created a “monopolistic second-tiered justice system that provides consumers with no choice in the forum, the arbitrator, or rules. Instead, there is only one consistent rule: consumers lose 76% of the time in arbitrations they initiate, according to a May 15 lawsuit.
SEC Alleges Unicoin Misled Thousands in $100 Million Fraudulent Crypto Securities Offering
“In this case, the allegations are clearly detailed in the complaint, particularly the promises made to investors about coins allegedly backed by offshore real estate investments," said Hofstra University law professor Felix Shipkevich, who teaches courses on the business and policies of cryptocurrencies. "The key question is whether those investments were ever actually made, closed or materialized.