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SEC charges Deloitte & Touche with violating auditor independence rules

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The Securities and Exchange Commission has charged Deloitte & Touche LLP with violating auditor independence rules when its consulting affiliate maintained a business relationship with a trustee serving on the boards and audit committees of three funds it audited. Deloitte agreed to pay more than $1m to settle the charges.



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Deutsche Bank said to face SEC probe

The U.S. Securities and Exchange Commission is investigating whether Deutsche Bank inflated the value of securities in its mortgage-bond trading business and masked losses around 2013, according to people with knowledge of the matter.