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.”
Mumbai: Domestic investors drove the markets to record levels on Tuesday , more than picking up the slack as foreign portfolio investors (FPIs) continued their exodus and pointing to the scaling of new highs in coming days and weeks if the trend continues -the Nifty for instance is a few points away from its lifetime maximum. Both key stock indices closed at five-month records, with the Nifty scaling the 8,900-mark for the first time since September. The market capitalisation of companies listed on the BSE touched an all-time high of Rs 1.18 lakh crore.
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.