The SEC reports that Deloitte Touche Tohmatsu LLC, aka Deloitte Japan, will be censured and pay $2 million to settle charges that it issued audit reports for an audit client while several employees “maintained bank accounts with the client’s subsidiary,” in violation of SEC audit independence rules. Deloitte Japan is a member firm of Deloitte… Read More >>
RJO Pays $750K to Settle Client Supervision Case
Futures broker and clearing firm R.J. O’Brien & Associates (RJO) will pay a total of $750,000 — via a $600,000 penalty to the CFTC and a $150,000 fine to the National Futures Association (NFA) — to settle charges that the firm failed to supervise staff members overseeing customer accounts and violated the terms of a… Read More >>
