Daily Archives: December 25, 2022, 10:40 am

PCAOB’s Ballooning Budget

The Public Company Accounting Oversight Board (“PCAOB”) is requesting $349.5 million for its 2023 budget and a $329.4 million accounting support fee to fund it. Sarbanes-Oxley gave the Securities and Exchange Commission (“SEC”) responsibility for approving the PCAOB’s budget, and the associated accounting support fee levied on companies and SEC-registered broker-dealers to fund the budget. I cannot support the PCAOB’s…

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Jury Convicts Fremont Man Of Insider Trading Scheme That Generated $7 Million In Illicit Profits | DOJ Press Release

According to evidence presented at trial, Barama formerly worked as a contractor at Palo Alto Networks. During that time he met an employee who worked in the company’s information technology department. From at least October 2016 through September 2017, the employee learned confidential inside information about the company’s quarterly revenue and financial performance through his employment. Trial evidence demonstrated that…

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