Securities Regulation & Law Report Index-Summary

ACCOUNTING

– Acquisitions, consulting firm discloses SEC probe, 1554
– Banking, consolidation of balance sheets critical to creating financial buffers, international group says, 1245
– Deliberative process privilege properly asserted by SEC officials in fraud suit (D. Colo.), 381
– Fair value

See FAIR VALUE

– FASB

See FINANCIAL ACCOUNTING STANDARDS BOARD (FASB)

– Federal Accounting Oversight Board

See LEGISLATION, FEDERAL, HR 1349

– Foreign oversight boards, bill to allow sharing of confidential supervisory information

See LEGISLATION, FEDERAL, HR 3346

– G-20 to establish new Financial Stability Board to implement regulatory reform, 599; compensation guidelines to be proposed, 1728
– Heavy equipment manufacturer settles accounting fraud charges (D. Conn.), 1554
– IASB

See INTERNATIONAL ACCOUNTING STANDARDS BOARD (IASB)

– Japan, going concern, disclosure conditions relaxed, 587
– Loan loss reserves, Grant Thornton suggests bank regulators dynamically adjust capital requirements, 946
– Oil and gas, SEC files suit against CFOs and vendor over fraudulent accounting of aging debt (E.D. La.), 1377
– Pensions, SEC to look skeptically at methods used to smooth losses, official tells conferees, 1082
– Reporting requirements

See REPORTING REQUIREMENTS

– Reserve accounting failures brings new cases, SEC official tells conferees, 1968
– Revenue recognition

See REVENUE RECOGNITION

– Securitizations fraud, health care executives receive prison sentences (S.D. Ohio), 639
– Standards review, Bernanke calls for reduction in pro-cyclicality, 454
– Whistleblowers, GAAP violations are not Sarbanes-Oxley violations, claim fails (U.S., rev den), 789

ACQUISITIONS

See MERGERS AND ACQUISITIONS

AFFINITY FRAUD

– Haitian-Americans targeted in alleged investment club scheme (S.D. Fla.), 14
– Investor education, proactive approach urged by Aguilar, 819
– Ponzi schemes

See PONZI SCHEMES

– Religion

– – Christians targeted in forex Ponzi scheme (N.D. Ga.), 1375
– – Church leaders face criminal and civil charges for fraud on elderly parishioners (E.D.N.Y.), 708
– – Elderly churchgoers targeted in private loan agreement scheme, couple settles claims (W.D.N.C.), 1678
– – Faith-based fraud, felony charges filed against pastor (Ind. Cir. Ct.), 1371

– Saudi prince story used as lure, scheme operators settle with SEC (C.D. Cal.), 704
– Unions and associations, NASAA begins educational initiative, 1277

AGENCY

– BDO network not liable for flawed audit by member firm (Fla. Cir. Ct.), 1283
– FCPA, panelists advise companies to know their agents and have transparent compensation, 759

AGRICULTURE

– Cap-and-trade, Gensler advocates strong regulatory regime at Senate Agric. Comm. hearing, 1696
– CFTC, subcommittee on convergence, nominees sought, 475; 18 members named, 830
– Clearance, CFTC grants exemption to CME for bilateral corn, wheat, and soy swaps, 582
– Grain and soy, CBOT limits futures speculation, 321
– Minneapolis Grain Exchange, CFTC recommends increased compliance staff, 1699
– Oil for Food kickbacks, agricultural manufacturer settles claims (D.D.C.), 1825
– Position limits on CBOT, CFTC no-action letters rescinded, 1595
– Speculation limits

See LEGISLATION, FEDERAL, S 447

– Volatility, farmers group seeks CFTC probe, 1178
– Wheat, Senate report says speculation created volatility, recommends phase out of waivers and exemptions, 1221; Gensler mulling ending exemptions for position limits, 1422

AIDING AND ABETTING

– Misleading prospectuses, views sought from SEC and amici on extent of liability (1st Cir.), 344; en banc review granted, 1400

AMERICAN RECOVERY AND REINVESTMENT ACT (ARRA)

– Build America bonds, MSRB reminds dealers that all rules apply, 808; issuance expected to top $50 billion in 2009, 1313
– Executive compensation, Dodd (D-Conn) urges SEC to clarify say-on-pay requirements for TARP firms, 337; SEC issues guidance, 339

AMERICAN STOCK EXCHANGE (Amex)

See now NYSE AMEX

ANALYSIS AND PERSPECTIVE

– Anonymous internet postings by corporate executives, 417
– Arbitration of broker-customer disputes, 1213
– Bond insurance, demand still exists for guarantees and enhancements, 370
– CFTC, Chilton says investigations of excessive speculation were not thorough, 469
– Class actions

– – Foreign claimants, recent decisions add new barriers, 1167
– – Loss causation and class certification, 1014

– Confidential witnesses in securities class actions, 87
– Control person liability in SEC enforcement actions, 1686
– Corporate penalty pre-authorization program at SEC, 307
– Directors, personal liability, 714
– Fair value controversy colors 2009 policy landscape, 170
– Federal sentencing guidelines after economic crisis, 821
– Fiduciary duty, application of business judgment rule to officers, 622
– Fifth Amendment, invocation in joint SEC/DOJ actions, 574
– Foreign Corrupt Practices Act, trends and developments, 466
– Futures trading, legislative attention on speculation and OTC clearing, 128
– Global economic crisis, outlook for 2009, 121; correction, 169
– Hedge funds

– – Systemic risk makes regulation likely, 131
– – Year in review, 519

– Loss causation and the global economic crisis, 1413
– Madoff fraud, 840
– Municipal securities disclosure, 1538
– Private funds, regulatory reform, 1316
– Proxy access, potential legal challenge to SEC, 1115
– Recession, corporate governance, 921
– Regulation of investment advisers and broker-dealers, 776
– Regulatory reform under Obama, 1209
– Research analyst disclosures, suggested changes, 217
– Rumors, regulators examine measures to halt spread of false information, 1170
– Sarbanes-Oxley, special duties and divergent reporting obligations for attorneys, 1739
– Schedule 13D reporting exception for ordinary course of business, 1628
– Securities and Exchange Commission

– – Chief Accountant, lengthy search narrowed down to five, 1020
– – Enforcement trends 2009, 1255

– Top 10 SEC enforcement developments of 2008, 360

ANALYSTS

– Conflict of interest

– – Disclosures, Analysis and Perspective, 217
– – Excess proceeds from 2003 settlement to go to Treasury (S.D.N.Y.), 1100
– – Failure to comply with 2003 settlement, Credit Suisse settles charges (FINRA), 1529
– – IPOs, conflict claims against Morgan Stanley dismissed (S.D.N.Y.), 270

– Dismissal as sanction for violation of protective order in claim of spreading false information (D.N.J.), 345
– Fraudulent reports and market manipulation, investor class certified (S.D.N.Y.), 1576
– Ga., forbearance from sale based on recommendation of celebrity analyst, question certified to state supreme court (2d Cir.), 1073
– Insider trading

– – Pre-published reports, purchasing trader sentenced (S.D.N.Y.), 348
– – UBS executive settles SEC claims, disgorges gains (S.D.N.Y.), 1200

– Selective disclosure, CFO settles claims of preferential release of earnings information (S.D. Ind.), 1782
– South Korea to probe sell recommendations, 19

ANNUITIES

– AXA, investors who purchased through broker-dealers may not compel originating firm to arbitrate (M.D. Ala.), 13
– Charitable gift annuities in Ponzi scheme are securities (9th Cir.), 1250
– Free lunch seminars, cease and desist order sought for unsuitable annuity sales to seniors (SEC), 1252
– Indexed annuities as securities, Federal Brief, 86; rule may be affected by presidential rulemaking halt, 106; insurers file claims to invalidate rule (D.C. Cir.), 117; insurers file for expedited review, 168; expedited review granted, 201; state insurance regulators and legislators file claims, actions consolidated, 301; SEC defends rulemaking, 696; oral arguments heard, 902; rule struck down, 1385; further developments, see LEGISLATION, FEDERAL, HR 2733
– Market timing

– – Investment adviser for funds underlying variable annuities consents to sanctions (SEC), 769
– – SLUSA preempts claims, dismissal proper (4th Cir.), 210; (U.S., rev den), 1859

– Suitability, Fifth Third agrees to FINRA fine over “cookie cutter” transactions, 711
– Supervisory system, FINRA charges firm and personnel with failure to conduct timely review and falsifying information, 514

ANTIFRAUD

– Affinity fraud

See AFFINITY FRAUD

– Boiler room operations

See BOILER ROOM OPERATIONS

– Hedge funds

See HEDGE FUNDS

– Insider trading

See INSIDER TRADING

– Investment advisers

See INVESTMENT ADVISERS

– Madoff fraud

See MADOFF FRAUD

– Mail fraud

See MAIL FRAUD

– Money laundering

See MONEY LAUNDERING

– Mortgages

See REAL ESTATE

– Oil and gas

See OIL AND GAS

– Ponzi schemes

See PONZI SCHEMES

– Scienter

See SCIENTER

– Wire fraud

See WIRE FRAUD

ANTIGUA

– Stanford fraud, CEO of Financial Services Regulatory Commission indicted (S.D. Tex.), 1206

ANTITRUST

– Microprocessors, shareholder derivative claims re monopolization dismissed (D. Del.), 1217
– Treasury futures, class certification affirmed for claims against firm attempting to corner the market (7th Cir.), 1331

APPAREL

See RETAIL INDUSTRY

ARBITRATION

– All public option, FINRA pilot program expanded, 1865
– Annuities, investors who purchased through broker-dealers may not compel originating firm to arbitrate (M.D. Ala.), 13
– Attorney signatory on account documents must arbitrate claims against broker (S.D.N.Y.), 1246
– Auction rate securities

– – Consequential damages, NASAA launches website to guide investors filing claims, 625
– – FINRA sees dramatic increase in claims for ARS and derivatives, 608
– – Redemption, institutional investor attempting to halt procedures fails to show irreparable harm (S.D.N.Y.), 164
– – Unauthorized purchases, Credit Suisse ordered to pay damages by FINRA, 296

– Broker compensation, artful pleading improperly used to avoid arbitration (Tex. App.), 1455
– Central Registration Depository record expungement, new procedures announced, 11
– Departing advisers, Merrill cannot prove irreparable harm, injunction prior to arbitration denied (D. Utah), 707
– Forum, initiating proceedings in non-negotiated venue is not refusal to arbitrate (2d Cir.), 1789
– Hedge fund, arbitration award to investors relying on broker statements at odds with offering documents not improper (C.D. Cal.), 1165
– Hedging expertise, investors may proceed with claims of misrepresentation (N.Y. App. Div.), 1797
– Investment advisers not covered under FINRA rules prohibiting arbitration of class actions (D. Minn.), 1731
– Jurisdiction, attorney representing member firm in FINRA action properly sanctioned for copying privileged material (Cal. Ct. App.), 227
– Mandatory arbitration provisions, bill to ban

See LEGISLATION, FEDERAL, HR 1020, S 931

– Mass., attorneys' fees, successful defense of attempt to vacate award entitles party to fees (1st Cir.), 1326
– Mergers, post-closing payments calculation claim must be arbitrated (Del. Ch.), 92
– Meritless dismissal motions, FINRA rule to eliminate approved, 51
– Offshore accounts, Merrill Lynch ordered to pay Masonic Hall trust for mishandling funds, 615
– Registered representatives, noncompliance with FINRA rules does not invalidate agreement (Mo. Ct.. App.), 25
– Retirement funds, dismissal of claims against broker not improper (E.D. Pa.), 1165
– Vacatur

– – Authority, Federal Arbitration Act provides only available grounds for overturning award (W.D. Tex.), 661
– – Manifest disregard of law is not grounds for vacating award under Federal Arbitration Act (5th Cir.), 505

ARGENTINA

– Bond default claims, class certified (S.D.N.Y.), 614; Argentina found in contempt of discovery orders, 1112
– Foreign Sovereign Immunities Act, explicit waiver in bond offering satisfies Act (2d Cir.), 113

ARMED SERVICES

– Bribery, defense contractor and president of subsidiary settle FCPA charges (D.D.C., SEC), 1069
– Helicopter armor, nondisclosure of termination of contract is material, fraud claims may proceed (E.D.N.Y.), 709
– Insider trading, executive of defense contractor and broker settle tipping charges (E.D. Mo.), 386

ARRA

See AMERICAN RECOVERY AND REINVESTMENT ACT (ARRA)

ARS

See AUCTION RATE SECURITIES (ARS)

ATTORNEYS

– Accomplices, primary fraud violation by law firm to Refco not shown (S.D.N.Y.), 557; SEC files amicus brief opposing narrow liability standard (2d Cir.), 1522; further developments, see LEGISLATION, FEDERAL, S 1551
– AIG, assistant general counsel sentenced in sham reinsurance scheme (D. Conn.), 833
– Alternative power company, general counsel charged with fraud over unregistered offering (M.D. Fla.), 915
– Arbitration mandated for attorney signatory on brokerage account documents (S.D.N.Y.), 1246
– Asset freeze violated by painting sale, contempt order against attorney representing alleged fraudster stands (5th Cir.), 1067
– Enron, lawyers settle revenue inflation charges (S.D. Tex.), 184
– Fake promissory notes

– – Ponzi scheme, attorney faces SEC charges (N.D. Ga.), 660
– – Superseding indictment is brought against lawyer for fraud (S.D.N.Y.), 509; 20-year sentence handed down, 1355; attorney disbarred, 1903

– FCPA individual liability, executives need to be vigilant, Attorney Insight, 1495
– Fees

See ATTORNEYS' FEES

– Forex scheme, professor and lawyer charged with defrauding investors (S.D. Tex.), 1011
– Hedge fund, assets frozen over phony representation claims and forgeries (N.D. Cal.), 513
– High-yield debt offerings, attorney and others charged with fraud (C.D. Cal.), 815
– Insider trading

See INSIDER TRADING

– Internal investigations, panelists advise early decisions on separate counsel for officers and directors, 1156
– Jurisdiction, attorney must face claims re role in sale of unregistered securities (D. Ariz.), 675
– Madoff general counsel, omission-based claims may proceed (D.N.J.), 1731
– New York

– – Insider trading, disbarment on commission of felony is automatic, attorney may not voluntarily resign (N.Y. App. Div.), 940
– – Revenue manipulation, general counsel of software firm disbarred (N.Y. Ct. App.), 941

– Pensions, Bennett (R-Utah) asks SEC to investigate links between campaign contributions and legal representation of funds, 1302; SEC declines request, citing lack of jurisdiction, 1399
– Privilege

See PRIVILEGED COMMUNICATIONS

– Pump-and-dump schemes

– – Sentencing, remand ordered for adherence to guidelines (2d Cir.), 1582
– – Unregistered securities, criminal charges filed over manipulation of client companies (E.D. Va.), 465; second attorney indicted in registration-evasion and manipulation scheme, 515

– Refco

– – Financing cover-up, attorney found guilty (S.D.N.Y.), 1364
– – Primary fraud violation by law firm not shown (S.D.N.Y.), 557; trustee claims fail to link firms to fraud, 1700

– Sarbanes-Oxley, special duties and divergent reporting obligations, Analysis and Perspective, 1739
– Securities and Exchange Commission

– – Enforcement, panelists advise corporate counsel to thoroughly review enforcement manual, 1156
– – Ex parte asset freeze orders, potential fairness issues, Attorney Insight, 1630
– – Staffing, Paredes urges more non-attorney hires to detect fraud, 452

– Statute of limitations, investor claims over concealed waiver of offering agreement provisions properly dismissed (8th Cir.), 22
– Sting operation, conviction of CEO not vacated on ineffective assistance of counsel argument (S.D.N.Y.), 817
– Stock option backdating

– – Comverse Tech., general counsel in backdating scheme not entitled to discovery on guilty plea (E.D.N.Y.), 1791
– – McAfee, claims against general counsel dropped (N.D. Cal.), 588
– – United Health Group and general counsel settle charges (D. Minn.), 33

– Supervisory duty, attorney charged with failure to supervise market manipulating broker (SEC), 1945
– Unregistered stock, lawyers charged over phony opinion letters (N.D. Ga.), 873
– Whistleblower claims by staff attorneys reinstated (9th Cir.), 1527
– Work product, file folders do not qualify, SEC must comply with targeted document requests (S.D.N.Y.), 235

ATTORNEYS' FEES

– Class actions

– – Amicus brief contends that setting objection deadline before fee proposal deadline violates civil procedure rules (N.D. Cal.), 755
– – Non-monetary disclosure settlement, negotiated fee reduced by court (Del. Ch.), 1545
– – Objections to settlement, attorneys conferring no benefit not entitled to award (D. Minn.), 1791
– – Preferred stock challenge, representation provided substantial benefit, fee award was not abuse of discretion (Del.), 1454

– Employee advances, top 10 SEC enforcement developments of 2008, Analysis and Perspective, 360
– HealthSouth, bar against legal fees for CEO affirmed (11th Cir.), 1161
– Indemnification

– – Bank officials named in derivative claim not entitled to funds from former colleagues dismissed from action (D.D.C.), 913
– – Corporate governance in the recession, Analysis and Perspective, 921
– – Executives to receive advancement of fees from investor (Del. Ch.), 1457

– Mass., arbitration, successful defense of attempt to vacate award entitles party to fees (1st Cir.), 1326
– Pro se litigant, fees awarded against shareholder for frivolous claims (D. Conn.), 1627
– Receiver in Ponzi scheme, excessive fees reduced (S.D.N.Y.), 44
– Registered representatives, fees to brokerage improperly denied in arbitration award challenge (Mo. Ct. App.), 25
– Standing, adviser may not bring fraud claim on behalf of beneficial owners to recoup (U.S., rev den), 746
– Stock exchanges, member fails to exhaust administrative remedies, claim dismissed for lack of jurisdiction (3d Cir.), 1573
– Tender offer, increase in price cannot be attributed to intervening party, fee request denied (Del. Ch.), 674
– Tracking stock dispute, fee awards determined in settlement of dual-jurisdiction claim (Del. Ch.), 1121

AUCTION RATE SECURITIES (ARS)

– Advisers Act, broker not covered, remedy sought unavailable (S.D.N.Y.), 18
– Arbitration

See ARBITRATION

– Buybacks

– – California

– – – Bank of Am. to return funds to investors and pay civil penalties, 1120
– – – Wachovia and Citibank agree to buybacks, 625

– – Class actions, offers to buy back ARS challenges viability of claims, study finds, 305
– – Damages not recoverable where investors were made whole by repurchase (S.D.N.Y.), 753
– – Inadequate risk disclosures, FINRA reaches settlements with 3 firms, 1679
– – Michigan

– – – JPMorgan agrees to buybacks, 1903
– – – Merrill Lynch and Bank of America agree to buybacks, 1277
– – – Wachovia and Citibank agree to buybacks, 728

– – Missouri

– – – Bank of Am. settles claims, agrees to fines, buyback, and liquidity solutions, 939
– – – Stifel, Nicolaus agrees to partial buyback over criticism by Mo. Sec'y of State, 311; Stifel agrees to full buyback over 3 years, 472; state claims against Stifel for marketing and securities violations (Mo. Cir. Ct.), 580; clients agree to 3-year plan over objections by Mo. securities official, 1216; removal to federal court improper, suit remanded (E.D. Mo.), 1456

– – New York

– – – Corporate client files claims against RBC for exclusion from program (S.D.N.Y.), 969
– – – RBC Capital Markets, nonqualifying investor claim transferred (S.D. Tex.), 1575
– – – Settlements reached between multiple firms and Atty. Gen. and SEC (S.D.N.Y.), 1070; agreements concluded between Atty. Gen. and banks, 1327
– – – TD Ameritrade settles claims (SEC), 1420

– – Pa., Wachovia to repurchase ARS, 1545

– Cal., Wells Fargo affiliates, Attorney General files claims for misrepresentation and supervisory failure (Cal. Super. Ct.), 828
– Colo., Stifel Nicolaus charged with fraudulent marketing, 1836
– Derivative actions

See DERIVATIVE ACTIONS

– Fraudulent sales practices, Mo. and Va. initiate actions against Stifel, Nicolaus, 907
– Group pleading exception does not apply to oral statements, claim dismissed (S.D.N.Y.), 1792
– Ind., Stifel Nicolaus charged with fraudulent marketing, 1836
– Liquidity facility, SIFMA letter to Congress urges federal involvement, 200
– Market freeze, top 10 SEC enforcement developments of 2008, Analysis and Perspective, 360
– Marketing materials, 4 firms settle FINRA claims, 908
– Misrepresentation, broker pleads guilty to redirecting funds intended for conservative instruments (E.D.N.Y.), 1411; conspirator convicted, 1574
– Morgan Keegan faces SEC action over allegedly fraudulent marketing (N.D. Ga.), 1405
– Phishing scam, FINRA warns investors, 1863
– Redemption, institutional investor attempting to halt procedures fails to show irreparable harm (S.D.N.Y.), 164
– Rescinded transaction, purchaser receiving par value may not recover damages (S.D.N.Y.), 1578
– Royal Bank of Scotland, PSLRA discovery stay may not be lifted to guide litigation strategy (S.D.N.Y.), 665
– Schwab, N.Y. Atty. Gen. files fraud charges for misrepresentations (N.Y. Sup. Ct.), 1586
– Transparency system, MSRB implementation imminent, 116; MSRB files with SEC to make system official channel for securities evaluation, 553
– Wachovia claims

– – Discovery stay imposed by PSLRA partially lifted (S.D.N.Y.), 119
– – SEC finalizes settlement, N.Y. Atty. Gen. issues Assurance of Discontinuance (N.D. Ill.), 213
– – Va., commonwealth settles claims, 1586

AUDITOR LIABILITY

– Adelphia, engagement partner was not denied due process, bar affirmed (D.C. Cir.), 1464
– AIG, PricewaterhouseCoopers immunized from claims (Del. Ch.), 373
– BDO network not liable for flawed audit by member firm (Fla. Cir. Ct.), 1283
– BISYS investor claims, PricewaterhouseCoopers may not be re-included after settlement (2d Cir.), 70
– Contracts, no third-party liability to lender for failure to uncover accounting irregularities (4th Cir.), 589
– Doral, no inference of recklessness found, dismissal of claims against PricewaterhouseCoopers affirmed (2d Cir.), 1705
– Engagement quality review, PCAOB standard redrafted, comments sought, 437; new standard adopted, 1465
– Grocery stores, no strong inference of scienter in Royal Ahold fraud (4th Cir.), 97
– HealthSouth, settlement with Ernst & Young approved (N.D. Ala.), 640
– High school graduates allowed to prepare audits, CPA settles claims (D. Nev.), 1644
– Jurisdiction, accounting negligence and fraud claims cannot be removed to federal court on the basis of ancillary federal duty (S.D. Fla.), 883
– Madoff fraud

– – Ancillary lawsuits, auditors are likely targets, panelist tells conferees, 50
– – False representations, civil and criminal charges filed against Madoff auditor (S.D.N.Y.), 533
– – Fund of funds, claim against auditors for reliance on account statements (Conn. Super. Ct.), 208
– – Linkage between auditors and investors may be difficult to prove, Special Report, 840

– Mining company, lack of materiality and scienter doom shareholder suit (D. Idaho), 1878
– Mortgage lending

– – Defunct provider files claims against KPMG over role in collapse of firm (Cal. Super. Ct., S.D.N.Y.), 640
– – Investor claims re audit opinions do not plead loss causation (8th Cir.), 1974

– Mutual fund risk misrepresentation, auditor claims dismissed (N.D. Cal.), 272
– Navistar fraud, claims against Deloitte dismissed (N.D. Ill.), 1509
– Parmalat collapse, claims against parent of auditor may proceed (S.D.N.Y.), 182; related claims fail to allege knowledge or assistance in fraud, dismissal proper (2d Cir.), 323; firms will be forced to rethink international ties, lawyers say, 381; reconsideration refused, evidentiary factors must be considered as a whole, 382; correction, 438; court declines to certify vicarious liability questions for interlocutory appeal, 482; Parmalat suit against auditor and bank dismissed for unclean hands, 1802; (U.S., rev den), 1859
– Refco, trustee claims fail to link firms to fraud (S.D.N.Y.), 1700
– Registration and oversight of auditors of nonpublic broker-dealers

See LEGISLATION, FEDERAL, HR 1212

– Satyam fraud, PricewaterhouseCoopers Indian unit under investigation, 184; firms will be forced to rethink international ties, lawyers say, 381
– Sentinel Mgmt. Group, bankruptcy trustee files fraud claims against accounting firm (Ill. Cir. Ct.), 1600
– U.S. Foodservice auditors, oral argument held over initial decision clearing accountants (SEC), 1425
– Warrants, investor claim against auditor fails for lack of scienter, dismissal affirmed (2d Cir.), 1036

AUDITS

– Annual inspections, PCAOB finds deficiencies at PricewaterhouseCoopers, 641; audit deficiencies found at Deloitte & Touche and KPMG Canada, 793; audit deficiencies found at Ernst & Young, 1039
– Broker-dealers, new PCAOB guidance requires auditor registration, 323
– Confirmation standard, possible revisions by PCAOB, In Brief, 683; PCAOB agrees to issue concept release for public comment, 738
– Internal controls monitoring, guidance released, 238; PCAOB report says audit focus is appropriate, 1844
– Japan, Financial Services Agency announces financial system health measures, 458
– Late filings, company urges reversal of registration revocation on complete audit (SEC), 57; revocation affirmed, 119
– Liability of auditors

See AUDITOR LIABILITY

– PCAOB-registered firms, reporting rules to take effect, 1602
– Retirement accounts, signing audit letters was not furtherance of fraud re “as-of” transactions (1st Cir.), 259
– Sarbanes-Oxley Act, survey on cost-benefit analysis of §404 compliance, 138
– Sham certifications, SEC brings claims against hedge funds and operator (S.D.N.Y.), 271

AUSTRALIA

– Foreign-cubed securities claim, brief from Solicitor General invited (U.S., rev sought), 1055

AUTOMOBILES

See MOTOR VEHICLES