What do the Under Armour and GE SEC settlements tell us about trends in accounting fraud ?
After the financial crisis the SEC seems to have decided accounting fraud is ok, as long as companies disclose it
|Francine McKenna||May 16||2|
Highly anticipated US Securities and Exchange Commission enforcement actions against Under Armour this past week and GE last December spotlight a negative trend for investors that started, in my opinion, right after the financial crisis:
The SEC is more often prosecuting what looks like manipulation of financial activity and accounting to meet analyst e…