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What do the Under Armour and GE SEC settlements tell us about trends in accounting fraud ?

thedig.substack.com

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, 2021
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What do the Under Armour and GE SEC settlements tell us about trends in accounting fraud ?

thedig.substack.com

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…

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