SEC Backs Audit Board Budget That Cuts Leaders’ Pay, Enforcement

The Securities and Exchange Commission on Thursday approved a spending plan for the US audit watchdog that slashes its funding, shrinks its workforce, and scales back its enforcement arm.

PwC Elevates Engineer Roles as AI Dominates Big Four Agenda

PwC said Wednesday that it will create a formal career track for its growing pool of engineers, data scientists, and software developers in a bid to better compete for a group of in-demand professionals in the AI era.

Cemtrex Founder Ordered to Pay $10 Million in SEC Fraud Case

Cemtrex Inc. founder Aron Govil must pay an additional $9.71 million in an SEC enforcement action alleging he defrauded investors and misappropriated company funds.

Tricolor’s Founder Declines Over 100 Times to Discuss Its Demise

For five hours, lawyers for creditors pressed Daniel Chu again and again on Tuesday for details on the collapse of his subprime auto-loan business Tricolor Holdings.

Bessent Urged by Warren to Probe ‘Opaque’ Data Center Financings

US Senator Elizabeth Warren and three other Senate Democrats are asking Treasury Secretary Scott Bessent to launch a probe into large debt packages supporting artificial intelligence and the risks they pose to the financial system.

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SEC Seeks Fresh Pathway to Advance Stalled Adani Fraud Case

After failing to serve Gautam Adani with a legal summons for more than a year, the US Securities and Exchange Commission wants a judge to clear a way for the agency to advance with its fraud case against the Indian billionaire. Adani Group stocks and bonds fell in India.

Oaktree, Anchorage Join First Brands DIP Loan Amid Cash Burn

Distressed-debt giants Oaktree Capital Management and Anchorage Capital have amassed positions in the bankruptcy financing for First Brands Group, stepping in as negotiations over a fresh capital injection for the auto parts supplier come down to the wire.

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Crypto Social Platform To Repay $180 Million to Venture Backers

The software firm behind a crypto-oriented social-media platform plans to repay venture capitalists the $180 million they had invested in the project, underscoring a period of consolidation for one of the more ambitious corners of the blockchain market.

Why GOP Lawmakers Are Targeting the US Audit Board

SEC Top Accountant Talks Banking Crisis, Audit Worries

'Data Nerd’ Regulator Preps for Digital Auditing Future

How 40 Years of Tax Cuts Have Exacerbated Inequality

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