Trader Who Received Tips From KPMG Partner Issues Apology
According to Bloomberg, Bryan Shaw, a trader who said he received insider tips from fired KPMG LLP partner Scott London, apologized and said he’s been cooperating with the Justice Department and U.S. Securities and Exchange Commission.
London was the head of KPMG’s audit practice in Los Angeles. The firm said in an April 8 statement that he was fired after KPMG learned he had provided inside information to someone who used it to trade shares of several West Coast companies. London wasn’t identified by name in the statement.
The Masters: A Tax Break Unlike Any Other
As reported by Forbes, regardless of who sits atop the leaderboard on Sunday afternoon, however, understand that some of the biggest winners of the weekend will have never lifted a club. That’s because courtesy of a tax break that’s steeped in Masters history, dozens of local residents will be pulling in upwards of $25,000 in tax-free cash over the course of the four-day tournament by renting their homes to visiting spectators.
Nasdaq Cuts Chief’s Bonus Over Facebook I.P.O.
As reported by DealBook, the board of the market operator Nasdaq OMX Group has cut the 2012 bonus of the company’s chief executive, Robert Greifeld, by 62 percent, as a result of the botched Facebook initial public offering last May.
Over all, Mr. Greifeld earned $8.9 million last year, including salary, stock awards and a “non-equity incentive plan compensation” of $1.35 million, down from a 2011 bonus of $3.59 million. In 2011, he received $7.6 million in total compensation.
FHFA Extends HARP by 2 Years, Through 2015
As reported by Mortgage News Daily, the Home Affordable Refinance Program (HARP) has been extended for two years beyond its scheduled expiration on December 31. The Federal Housing Finance Agency (FHFA) announced the extension today saying it had determined the extension will provide borrowers with additional opportunities to refinance, give clear guidance to lenders, and reduce losses for Fannie Mae, Freddie Mac and taxpayers.
Author
Accounting Principals
We're Accounting Principals--a leader in finance and accounting staffing. In fact, since 2010, we've been part of Adecco Group, a Global 500 company and leader in staffing services around the world. But this isn't staffing as usual. We take quite a different approach than most staffing agencies. A people-focused approach. We believe in forming real relationships with both our clients and our candidates. We want to understand the needs on both sides.