Numerology

The Securities and Exchange Commission recently announced the success of its initiative against fraud on the West Coast of the United States by filing proceedings for accounting and reporting offences against officers and directors of six public companies. Valerie Caproni, SEC Pacific Region director, said, “These actions underscore that the SEC has a zero tolerance policy toward public companies and their officers who attempt to undermine the integrity of our securities markets by engaging in fraudulent accounting practices to the detriment of public investors.”