SEC to launch “RoboCop” monitoring tool

There’s a new sheriff in town, and he has his sights set on dubious accounting practices at publicly traded companies.

The Securities and Exchange Commission is introducing what the Financial Times is referring to as “accountancy’s answer to RoboCop,” – a “computerised tool designed to automatically trigger alerts concerning suspicious accounting at publicly traded companies.”

Read more here.

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Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.