UBS AG was ordered to face a whistle- blower lawsuit by a former commercial mortgage-backed securities strategist who said he was fired for telling supervisors he was being pressured to publish misleading reports.
Michael Oxley , the former congressman who co-wrote the Sarbanes-Oxley Act of 2002, has registered as a lobbyist for the Financial Industry Regulatory Authority to promote self-regulation of investment advisers.
The number of women taking the role of chief financial officer increased 35 percent at big U.S. companies in the past year, putting more female executives in the top ranks of management after decades of slow gains.
Another financial scandal. Another cover-up by regulators. Four years ago, inspectors for the auditing industry's chief watchdog discovered that KPMG LLP had let Motorola Inc . record revenue during the third quarter of 2006 from a transaction with Qualcomm Inc., even though the final contract wasn’t signed until the early hours of the fourth quarter. That’s no small technicality. Without the deal, Motorola would have missed its third-quarter earnings target.
A founding member of the Public Company Accounting Oversight Board and former general counsel of the Securities and Exchange Commission, Daniel Goelzer, is rejoining Baker & McKenzie LLP as a partner in Washington.
Global regulators will develop international rules for so-called shadow banks by the middle of the year to ensure companies from hedge funds to securities brokers aren’t excluded from efforts to prevent another crisis.
Morgan Lewis & Bockius LLP hired a Washington team of white collar attorneys formerly of White & Case LLP and led by former acting U.S. Attorney General and Deputy Attorney General George J. Terwilliger III.