Archives
_________::::____#41- October 4, 2005_________________
Updated:  10/4/05 12:01 p.m.

10/04/05 SEC Charges Adelphia Accountants - The Securities and Exchange
Commission charged two accountants in connection with auditing the financial
statements of bankrupt cable company Adelphia Communications Corp.

10/04/05 Sarbox Payback Slow in Coming - Although the SEC has used the Fair
Fund provision to collect money $4.8 billion from 73 cases, so far investors have
seen only a trickle.

10/04/05 Lattice Finance Exec Settles with SEC - According to the commission, the
former controller and director of finance made "unsupported journal entries"
totaling $5.5 million "to offset apparent understated balances" in the company's
deferred revenue account.

10/04/05 PwC to Pay $182.9M for Coopers Audit - PricewaterhouseCoopers must
shell out $182.9 million for the failures of its predecessor Coopers & Lybrand,
according to the Associated Press.

10/03/05 Justice Department Seeks to Halt Tax-Fraud Scheme Targeted at
Immigrants from Bosnia; Alleges Rockford, Ill., Man Prepared Tax Returns
Fraudulently Claiming Refunds - The Justice Department announced today that it
has asked an Illinois federal court to bar Guadalupe Valdez, of Rockford, Illinois,
from preparing federal income tax returns for others.

10/03/05 Three brokerages agree to pay $5.8 million in fines, restitution in
market-timing probe - Three brokerage firms have agreed to pay a total of $5.8
million to resolve regulators' allegations that they allowed improper trading in
mutual funds by favored clients to the detriment of long-term shareholders.
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