WASHINGTON – Regulators on Monday charged the Chinese affiliates of five top accounting firms with violating securities laws, alleging they refused to produce audit documents in connection with accounting fraud investigations into Chinese companies.
The Securities and Exchange Commission began proceedings against the Chinese units of Deloitte & Touche; Ernst & Young; KPMG; PricewaterhouseCoopers and BDO.
Back in March, we brought you “Tech Startup Bubble Has America's Retirement Funds Chasing Unicorns.” In it, we revisited the “highly scientific” process by which tech startup founders and their VC backers determine “valuations.”
The Motley Fool - Americans have reacted to the financial crisis of 2008 in a number of ways -- curbing spending, cutting back on debt, and pulling money out of the stock market. Actively managed equity mutual funds have been one of the biggest casualties of investor wariness, with hundreds of billions of dollars leaving the coffers of these funds, presumably for the safe haven of bonds and bond funds. And while few would deny the general shift in investor preference toward bonds in recent years, there may be some more subtle forces at play here.
David Hartzell submits:
"Be Bold" was the theme of Charles Schwab ‘Impact’ 2010 financial conference. And, would you live your life any other way? As a manager with the General Electric Company (GE) and later, traveling on behalf of my own company, Cornell Capital Management, I have attended hundreds of financial trade conferences. There are two that clearly stand out from all the rest.