SEC bans ex-KPMG partner for insider trading

Kashflow logo
Freelance journalist
Share this content

Scott London, the former KPMG audit partner who pleaded guilt to insider trading, has been banned for life from working as an accountant with listed companies.

According to a statement from the US Securities and Exchange Commission (SEC), the former head of KPMG's Los Angeles office was guilty of "multiple auditor independence rule violations", including "accepting cash and other things of value as compensation for tips he provided to a friend concerning five audit clients."

In April, KPMG resigned from the audits of Sketchers and Herbalife, saying that its audit independence had...

Please Login or Register to read the full article

The full article is available to registered members only. To read the rest of this article you’ll need to login or register. Registration is FREE and allows you to view all content, ask questions, comment and much more.


Please login or register to join the discussion.

There are currently no replies, be the first to post a reply.