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SEC charges Deloitte & Touche with violating auditor independence rules

SEC Building

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.



UBS building

C Suisse and UBS battle it out

One of Switzerland’s two global banks was conspicuously absent from the Innovation in Finance conference in April at the Dolder Grand, a castlelike hotel overlooking Zurich.