SEC’s Auditor Crackdown Continues as SEC Permanently Suspends Audit Firm BF Borgers for “Massive Fraud.” SEC Investigations Into Hundreds of BF Borgers’s Clients May Be Next.
May 7, 2024
Ari Yampolsky
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The U.S. Securities and Exchange Commission (SEC) on May 3, 2024, imposed a massive penalty on the public accounting firm BF Borgers CPA PC and its owner, Benjamin Borgers, for alleged misconduct in auditing the financial statements of hundreds of clients, which included Trump Media. The firm agreed to pay a $12 million civil penalty, […]

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SEC Zeroes in on Investment Advisers’ Compliance with Updated Marketing Rules
April 24, 2024
Ari Yampolsky
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A recent risk alert from the U.S. Securities and Exchange Commission (SEC) highlights a central compliance issue facing many registered investment advisers: misrepresentations and omissions in marketing materials. The alert is a reminder to investment advisers of the importance of maintaining transparency and accuracy in all communications with clients and investors.  It’s also a cue to […]

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