SEC Focuses On Foreign Affiliates of Auditors The SEC has charged foreign affiliates of KPMG, Deloitte & Touche, and BDO for “their involvement in audit work that circumvented the full oversight of the Public Company Accounting Oversight Board (PCAOB).” The auditors have settled the charges by paying penalties or disgorging their profits from the audits,… Read More >>
Deloitte First Big Auditor to Have Female CEO
Cathy Engelbert has been elected to the CEO post at Deloitte, “becoming the first female CEO of a major audit and consulting firm in the US,” according to the company, while Mike Fucci will become chairman of the Deloitte board. Both he and Engelbert will assume their new positions on March 11, 2015. Engelbert, 50,… Read More >>
FCM360 Promotes for Head of ETRM/CTRM Wares
FCM360, a provider of trading system hosting and exchange connectivity, has promoted Ron Villarin, a former NYMEX energy trader and broker, to head its expanded energy trading and risk management and commodity trading and risk management (ETRM/CTRM) operations, according to a company statement. FCM360 got its start serving the high-frequency, low-latency, foreign exchange (forex) trading… Read More >>
Regulatory Onslaught Brings New Respect for Compliance
Over the past few years chief compliance officers (CCOs) have gone from wet blankets to hot tickets. In the process they’ve seen their job description undergo a shift just as fundamental as the rapidly changing regulations whose impact on financial services firms have thrust CCOs into the spotlight. The job market for CCOs and other… Read More >>
