795088 comments

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  Desmond

  23 September, 2023 @ 10:21pm

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  23 September, 2023 @ 10:21pm

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• 

  cpa forum

  23 September, 2023 @ 10:21pm

  Another way that we work to handle the declining belief in the financial markets is by conducting proactive enforcement sweeps
  and initiatives that particularly goal recurring points.
  Throughout my first yr as Director, I have spoken typically concerning
  the public’s declining trust in our institutions and
  financial markets. In those speeches, I also outlined steps that we in the SEC’s Division of Enforcement would take, and have taken, to handle the decline
  in public trust. Because that’s what’s required for accountability and deterrence and that’s why the
  Commission required EY to pay a report $100 million penalty, admit its misconduct, and implement intensive remedial measures to handle the firm’s ethical
  issues. When 17 main Wall Street companies are fined in excess of
  a 1.2 billion dollars, required to admit their failures, have interaction consultants and
  implement safeguards to forestall future violations, not only do
  these firms improve their culture and practices, but different financial companies companies take notice
  and do in order well, the media takes notice, and
  important to trust-constructing, the investing
  public sees accountability. For example, we’ve already mentioned the sweep that led to the fees
  towards 17 Wall Street firms for widespread recordkeeping failures.

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  23 September, 2023 @ 09:49pm

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