SEC Says Firms Ignored Possible Fraud
- Monday, 19 January 2015
- Tech
Two audit firms and seven partners in those firms are accused of ignoring signs that an stock promoter, who allegedly hid his control of several shell companies, was engaging in fraud. The Securities and Exchange Commission has instituted a litigated administrative proceeding against John Briner, a Canada-based attorney, who had previously been suspended from practicing before the SEC with the securities registration of 20 of his purported mining companies revoked last year.
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