A London court hearing revealed that former chief of Serious Fraud Office Richard Alderman might have conducted an abuse in process as he had delegated some of his main responsibilities to his former chief operating officer Phillippa Williamson, including overseeing fraud charges against Weavering Capital founder Magnus Peterson.
Twitter Global Legal Policy Manager Jeremy Kessel said in the company's latest Transparency Report that Twitter is considering its options on how to increase disclosure of government requests in courts.
Former SAC Capital trader Mathew Martoma was found guilty of all insider trading charges. Reuters said Martoma's verdict is the eight of the insider trading convictions US authorities secured from a former or current employee of the hedge fund run by billionaire Steven A. Cohen.
The Public Company Accounting Oversight Board (PCAOB) said in hindsight at a recent budgetary meeting that the board and Chinese regulators are close to securing an agreement wherein US inspectors will be reviewing audits made by the Chinese accounting firms, including the local units of PricewaterhouseCoopers, KPMG, Deloitte and Ernst & Young.
