{"id":5635,"date":"2014-05-23T00:00:00","date_gmt":"2014-05-23T05:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2014\/05\/sec_roundup_the_regulator_char"},"modified":"2022-05-05T15:35:20","modified_gmt":"2022-05-05T20:35:20","slug":"sec-roundup-the-regulator-char","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/sec-roundup-the-regulator-char\/","title":{"rendered":"SEC Roundup: The Regulator Charges Ex-Deloitte Chief Risk Officer with Auditor Rule Violations, Ex-Clearing Firm Officials With Regulation SHO Violations, &#038; Rafferty Capital Markets with Illegal Trade Facilitation"},"content":{"rendered":"\n<p><strong>Ex-Deloitte LLP Chief Risk Officer Charged With Auditor Independence Rule Violations<\/strong><\/p>\n<p>The U.S. Securities and Exchange Commission is charging certified public accountant James T. Adams, an ex-chief risk officer, with violating auditor independence rules. The rules are there to make sure audit firms stay objective about their clients. <\/p>\n<p>According to the SEC, while Adams was the advisory partner on Deloitte &amp; Touche\u2019s audit of a casino gaming corporation, he repeatedly accepted tens of thousands of dollars in casino markers. He then established a credit line with a casino operated by the gaming corporation client and used the markers to draw on that credit line. <\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/sec-roundup-the-regulator-char\/\"  title=\"Continue Reading SEC Roundup: The Regulator Charges Ex-Deloitte Chief Risk Officer with Auditor Rule Violations, Ex-Clearing Firm Officials With Regulation SHO Violations, &#038; Rafferty Capital Markets with Illegal Trade Facilitation\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ex-Deloitte LLP Chief Risk Officer Charged With Auditor Independence Rule Violations The U.S. Securities and Exchange Commission is charging certified public accountant James T. Adams, an ex-chief risk officer, with violating auditor independence rules. The rules are there to make sure audit firms stay objective about their clients. According to the SEC, while Adams was [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3760,3761],"tags":[],"class_list":["post-5635","post","type-post","status-publish","format-standard","hentry","category-sec-enforcement","category-securities-and-exchange-commis"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SEC Roundup: The Regulator Charges Ex-Deloitte Chief Risk Officer with Auditor Rule Violations, Ex-Clearing Firm Officials With Regulation SHO Violations, &amp; Rafferty Capital Markets with Illegal Trade Facilitation &#8212; Investor Lawyers Blog &#8212; May 23, 2014<\/title>\n<meta name=\"description\" content=\"Ex-Deloitte LLP Chief Risk Officer Charged With Auditor Independence Rule Violations The U.S. Securities and Exchange Commission is charging certified &#8212; May 23, 2014\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/sec-roundup-the-regulator-char\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"SEC Roundup: The Regulator Charges Ex-Deloitte Chief Risk Officer with Auditor Rule Violations, Ex-Clearing Firm Officials With Regulation SHO Violations, &amp; Rafferty Capital Markets with Illegal Trade Facilitation &#8212; Investor Lawyers Blog &#8212; May 23, 2014\" \/>\n<meta name=\"twitter:description\" content=\"Ex-Deloitte LLP Chief Risk Officer Charged With Auditor Independence Rule Violations The U.S. Securities and Exchange Commission is charging certified &#8212; May 23, 2014\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"SEC Roundup: The Regulator Charges Ex-Deloitte Chief Risk Officer with Auditor Rule Violations, Ex-Clearing Firm Officials With Regulation SHO Violations, & Rafferty Capital Markets with Illegal Trade Facilitation &#8212; Investor Lawyers Blog &#8212; May 23, 2014","description":"Ex-Deloitte LLP Chief Risk Officer Charged With Auditor Independence Rule Violations The U.S. Securities and Exchange Commission is charging certified &#8212; May 23, 2014","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/sec-roundup-the-regulator-char\/","twitter_card":"summary_large_image","twitter_title":"SEC Roundup: The Regulator Charges Ex-Deloitte Chief Risk Officer with Auditor Rule Violations, Ex-Clearing Firm Officials With Regulation SHO Violations, & Rafferty Capital Markets with Illegal Trade Facilitation &#8212; Investor Lawyers Blog &#8212; May 23, 2014","twitter_description":"Ex-Deloitte LLP Chief Risk Officer Charged With Auditor Independence Rule Violations The U.S. Securities and Exchange Commission is charging certified &#8212; May 23, 2014","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/sec-roundup-the-regulator-char\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/sec-roundup-the-regulator-char\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"SEC Roundup: The Regulator Charges Ex-Deloitte Chief Risk Officer with Auditor Rule Violations, Ex-Clearing Firm Officials With Regulation SHO Violations, &#038; Rafferty Capital Markets with Illegal Trade Facilitation","datePublished":"2014-05-23T05:00:00+00:00","dateModified":"2022-05-05T20:35:20+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/sec-roundup-the-regulator-char\/"},"wordCount":642,"articleSection":["SEC Enforcement","Securities and Exchange Commission"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/sec-roundup-the-regulator-char\/","url":"https:\/\/www.investorlawyers.com\/blog\/sec-roundup-the-regulator-char\/","name":"SEC Roundup: The Regulator Charges Ex-Deloitte Chief Risk Officer with Auditor Rule Violations, Ex-Clearing Firm Officials With Regulation SHO Violations, & Rafferty Capital Markets with Illegal Trade Facilitation &#8212; 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