Lynn Turner


Lynn Turner News

  • Credit Suisse Said to Face SEC Probe of Accounting Moves

    U.S. regulators are investigating whether Credit Suisse Group AG improperly shifted money in its private banking unit to obscure a drop in asset growth amid a U.S. probe of tax evasion at Swiss banks, a person familiar with the matter said.

  • China Auditors Barred for Six Months for Blocking SEC

    Chinese affiliates of the four largest accounting firms were barred for six months from leading audits of U.S.-listed companies after failing to comply with Securities and Exchange Commission orders for documents at the heart of a series of accounting fraud probes.

  • Budget Woes Leave Swaps Agency Outgunned by Wall Street

    When President Barack Obama gave federal workers a 1 percent pay raise at the start of the year, employees at the U.S. Commodity Futures Trading Commission assumed they’d get the boost. They didn’t.

  • Fake Profit E-Mails at AgFeed’s Farms Back Fraud Claims

    A finance manager in China reached out to her bosses, concerned that auditors would discover AgFeed Industries Inc. was reporting bogus revenue.

  • Schapiro SEC Seen Ineffectual Amid Dodd-Frank Funding Curbs

    On a stormy night in October 2009, Mary Schapiro , the newly appointed head of the U.S. Securities and Exchange Commission, returned to her alma mater, Franklin & Marshall College in Lancaster, Pennsylvania, to be inducted into the hall of fame for student athletes. Receiving her award, she grasped the podium, confessed she was near tears and spoke of how she had never even seen a lacrosse game before attending college.

  • SEC to Issue Crowdfunding Proposal Easing Investor Verification

    Small businesses raising money by selling shares over the Internet wouldn’t have to verify that their backers comply with individual investment limits under a U.S. regulatory proposal set for a vote as soon as next week.

  • The World's Most Powerful Accountant Steps Down

    James Kroeker, the Securities and Exchange Commission's chief accountant, is stepping down from his post next month, the agency said this afternoon. There's no word yet on who will succeed him.

  • SEC to Issue Crowdfunding Plan Easing Investor Verification

    Small businesses raising money by selling shares over the Internet wouldn’t have to verify that their backers comply with individual investment limits under a U.S. regulatory proposal set for a vote as soon as next week.

  • Ebix’s Raina Loses Magic Touch as U.S. Probes Accounting

    Robin Raina always had the magic touch, or so it seemed until Wednesday, when the disclosure of a U.S. criminal probe of his software company’s accounting practices blew up a proposed $820 million deal with Goldman Sachs Group Inc. to take the firm private.

  • Pension Shell Games Threaten Market: Arthur Levitt, Lynn Turner

    The municipal bond market, once a quiet corner of Wall Street, is slowly becoming a scene of scandal and regulatory inquest. The Securities and Exchange Commission recently accused New Jersey of giving fraudulent information about its finances to municipal bond investors. The SEC is investigating officials in Miami for similar problems.

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