RSM has named its first leader forblockchain and cryptocurrency services. The accounting and consulting firm recently selected Jay Schulman, a principal based in Chicago, Ill., as national leader.

The Securities and Exchange Commission has censured Chinese accounting firms that are members of the Big Four. The Chinese firms admitted they failed to produce requested documents before proceedings were begun in 2012. They must provide documents and meet SEC requirements over the next for year. Each firm agreed to pay $500,000.