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EY has also agreed to "undertake extensive remedial actions to fix the firm's moral challenges," the SEC mentioned.
EY admitted in the purchase that its carry out was Mistaken. “Almost nothing is much more crucial than our integrity and our ethics,†the company stated in a press release.
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It really is not unusual with the S.E.C. to involve a firm to appoint an out of doors consultant to watch its compliance While using the terms of a settlement. However it is scarce for regulators to demand the appointment of two consultants — a sign that the S.E.C. considered these really serious violations.
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