Philadelphia counsel Steve Stroup authored an article for the SECurities Law Perspectives blog titled, “Settlement with Large Firm Audit Partner Reaffirms SEC’s Emphasis on Related Party Disclosures.” The article discussed the SEC’s announcement for the settlement of an enforcement proceeding against McGladrey LLP partner Simon Lessor, showing that the SEC Division of Enforcement is warning that it intends to scrutinize the adequacy of related party disclosures in financial filings.

Read: Settlement with Large Firm Audit Partner Reaffirms SEC’s Emphasis on Related Party Disclosures

Source: SECurities Law Perspectives