Daily Archives: October 16, 2018, 11:06 am

SEC Investigative Report: Public Companies Should Consider Cyber Threats When Implementing Internal Accounting Controls

The Securities and Exchange Commission today issued an investigative report cautioning that public companies should consider cyber threats when implementing internal accounting controls. The report is based on the SEC Enforcement Division’s investigations of nine public companies that fell victim to cyber fraud, losing millions of dollars in the process. via SEC.gov | SEC Investigative Report: Public Companies Should Consider…

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Federal Judge Approves Elon Musk, Tesla Settlements With SEC – WSJ

A federal judge on Tuesday approved settlements between Elon Musk, Tesla Inc. and securities regulators over the chief executive’s August tweet saying he had secured funding to take the auto maker private. U.S. Judge Alison Nathan of the U.S. District Court for the Southern District of New York signed orders completing the two settlements without raising questions about subsequent tweets…

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SEC Does Not ‘Dictate’ Cyber Controls, Cyber Chief Says | ThinkAdvisor

Speaking on a panel at the North American Securities Administrators Association’s cyber roundtable in Washington, Cohen stated that it’s not the “SEC’s approach to dictate specific [cyber] controls” on regulated entities. “I don’t know that that’s the most effective way to ensure compliance. We do more, especially for the financial industry, through exams, to see what they’re doing and see…

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