Why did the SEC, and Chairman Jay Clayton, go easy on KPMG?

Many possible reasons have been floated but serendipity surfaced a new potential rationale

When the Securities and Exchange Commission settled charges with KPMG LLP on June 17, 2019 for soliciting stolen regulatory data and altering past audit work, KPMG may have smarted at some of the comments from Jay Clayton and his team at the SEC:

“KPMG’s ethical failures are simply unacceptable,” said SEC Chairman Jay Clayton.  “The resolution the Enforc…

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