The SEC has charged Ernst & Young (E&Y), one of the Big Four auditing firms, with violations of auditor independence rules that prohibit lobbying and require firms to maintain “objectivity and impartiality” with clients, officials say. The firm has agreed to pay $4.07 million in “monetary sanctions” to settle the charges, though, according to reports,… Read More >>
Lee J. Cutrone to Retire from Omgeo as Steve Sloan Leaves J.P. Morgan for the DTCC
Cutrone to Retire from Omgeo Lee J. Cutrone, managing director, industry relations at Omgeo, will be retiring at the end of this month, confirm official as the post-trade services provider. “He will be thoroughly missed—it is the end of an era,” says a spokesperson for Omgeo. Cutrone has been serving as a liaison between Omgeo… Read More >>
An Ernst &Young Exec Director Moves to eClerx as FINRA Hires Citi’s co-CIO
Former E&Y Exec Director Alan Paris Joins eClerx Business process outsourcing (BPO) vendor eClerx has appointed Alan Paris as principal for its New York office, a newly-created role, officials say. Paris will manage financial services accounts and act as global consulting lead. He will also work with the eClerx global client relationship and service delivery… Read More >>
